Is Mexico's currency hedging program effective?!

6/12Mexican Bank(Hereinafter, Mexican Central Bank)President Rodriguez said he is prepared to intervene to buy pesos if the peso’s depreciation becomes extreme. In the one week after the presidential election,1the peso has depreciated by10percent, which is viewed as a move to curb excessive selling of the peso. This article explains the Mexican Central Bank’s intervention methods and the future trend of the Mexican peso from the perspective of foreign exchange demand and supply.