1.   A rising peso increases the dollar value of Mexican stocks.

2.   A weaker peso increases the costs of servicing dollar debts, and also makes imports more expensive which could stoke inflation.

3.   A stronger peso increases the value of Mexican stocks in dollar terms and can stifle inflation, sending interest rates lower.

4.   A stronger peso increases the value of peso-denominated securities such as equities.

5.   A stronger peso increases the value of peso-denominated stocks.

6.   A strong peso increases the dollar value of Mexican stocks.

7.   A weaker peso can increase borrowing costs of those companies holding dollar-denominated debt.

8.   A weaker peso increases the burden of dollar-denominated debt on Mexican companies and makes it harder for firms to meet their foreign obligations.

9.   A weaker peso increases the burden of dollar-denominated debt on Mexican companies and makes it more difficult for them to meet their foreign obligations.

10.   Companies with large dollar debts, such as Pilipino Telephone Corp., fell on concern a weaker peso will increase repayment costs.