Except for the banking crisis years......that seems about the average depreciation rate.
The US Federal Reserve FOMC is meeting this week and likely to hike US rates. If US rates rise, this will push the peso value down further as it edges closer to a milestone 50:1 against the dollar.
Respectfully,
Playacaribe2
If the Federal Reserve was part of the US-Federal Gvt., wouldn't they have 'United States' in their title rather than just 'The Federal Reserve'? The Treasury Department is the United States Treasury. The first two central banks of the United States were entitled 'The Bank of the United States'-so those were all directly associated with the U.S. Gvt.