For the years 2002/2003, track the value of the Mexican currency
versus the US$. Make sure you define the exchange rate you are using
(Peso/$ or $/Peso).  Did the Peso appreciate or depreciate versus the
US$?  Graph the development of the currency over time.

Hi! Thanks for the question.

Based on Peso/$ exchange rate here is the monthly Peso Versus Dollar
figures. It also has a graph.

2002
http://www.x-rates.com/d/MXN/USD/hist2002.html

2003
http://www.x-rates.com/d/MXN/USD/hist2003.html

It seems that the Mexican Peso was very weak in 2002 but then showed
some signs of strength and stabilizing in mid 2003 but got weaker
again by September and October.


If you want to see it from the view of $/Peso just click on the links
below.

2002 
http://www.x-rates.com/d/USD/MXN/hist2002.html

2003
http://www.x-rates.com/d/USD/MXN/hist2003.html


Search terms used:                    
Mexican Peso Dollar 2002 2003 
           
I hope these links would help you in your research. Before rating this
answer, please ask for a clarification if you have a question or if
you would need further information.
                   
Thanks for visiting us.                   
                   
Regards,                   
Easterangel-ga                   
Google Answers Researcher

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Request for Answer Clarification by alexlaw-ga on 08 Oct 2003 08:18 PDT

Could you please give me some more information on whether or not the
Peso appreciated or depreciated versus the US dollar during this
period?  perhaps it changed, but in the end, what would you say
happened in 2002-2003?  Otherwise, the other info. is great!

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Clarification of Answer by easterangel-ga on 08 Oct 2003 15:50 PDT

Hi again!

As I said in my conclusion above, the Mexican Peso depreciated against
the dollar at this time. This was consistent in 2002 but somehow
stabilized in mid 2003 but right now is taking another beating against
the dollar. In this case for example, when the Mexican Peso's
numerical value against the dollar goes up from let's say P10.00 per
US$1 to P11.00 to US$1 it means that it "DEPRECIATED" since this time
it takes more pesos to buy a single dollar.

I hope that this enriches my original answer.

Thanks!

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Request for Answer Clarification by alexlaw-ga on 08 Oct 2003 22:08 PDT

Would you please look at another question I have posted?  I need help
there badly.  Thanks!

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Clarification of Answer by easterangel-ga on 08 Oct 2003 22:22 PDT

Hi again!

I have been looking at it since yesterday. I will try to find more
information to get a definitive answer. As of now, I don't have a
substantial answer yet.

Thanks!

Exactly what I needed!  Thanks!