Trump Election Shock: Peso Crashes to 21.38/USD

Donald Trump's unexpected victory in the U.S. presidential election sent the Mexican peso to a record low of 21.38 per USD, a 13% single-day drop. Mexico's economy faced profound uncertainty over Trump's threats to renegotiate or exit NAFTA, impose tariffs, and build a border wall. The currency shock triggered an inflationary spiral that contributed to the gasolinazo of January 2017.