How Major Currencies Performed Against the USD in 2023 💵

What we’re showing

The returns of major currencies against the U.S. dollar.

Context

• Some have warned that the peso’s continued appreciation could negatively impact the competitiveness of Mexico’s industrial sector.
• Russia’s economy relies heavily on fossil fuel exports, a sector hit hard by Western sanctions. With fewer buyers for its oil & gas, export revenue has declined, reducing the country’s trade surplus.