On 2 March 2009, USD/MXN reached a ten-year high, posting at 15.4746. This came after the pair trended primarily between the 10.000 and 11.0000 levels following the recesion in the early 2000s in the United States. It was the global economic downturn and its effects on the Greenback that allowed the pair to soar to previously unseen heights in the third and fourth quarters of 2008, however. A little more than two months into the next year, price established an all-time high before receding and trading between 14.0000 and 12.0000 levels. Read More…