By Anthony HarrupMEXICO CITY--Mexico's peso ended 2023 with its best performance in decades, supported by siby high interest rates, record remittances from the U.S., robust foreign direct investment and export revenue. The peso traded late Friday at 16.97 to the U.S. dollar, compared with 19.47 a year earlier. Among the world's principal currencies only the Colombian peso outperformed the Mexican currency last year, a gain of around 20%, she said. Among the best performing stocks were industrial and retail conglomerate Grupo Carso, which more than doubled in price, and cement maker Cemex, which ended the year up 68%. Underperformers among market heavyweights included telecom concern America Movil, which closed the year down 11%, and retail leader Wal-Mart de Mexico, which rose 4.3%.

Source: Wall Street Journal December 30, 2023 10:59 UTC