1.   A falling peso makes Mexican stocks worth less in dollar terms and can force inflation and interest rates higher.

2.   A cheaper peso makes Mexican stocks worth less in dollar terms.

3.   A rising peso makes Mexican stocks worth more in dollar terms and can curb inflation, which might enable the Bank of Mexico to cut local borrowing costs.

4.   A stronger currency makes Mexican stocks worth more in dollar terms, making them more attractive to foreign investors.

5.   A stronger peso makes Mexican stocks worth more in foreign-currency terms.

6.   A stable peso makes Mexican stocks worth more and lessens the possibility that the Bank of Mexico will raise interest rates to defend its value.

7.   A rising peso makes Mexican stocks worth more.

8.   A weaker currency makes Mexican stocks worth less in dollar terms and can fuel a rise in inflation and interest rates.

9.   A weaker peso makes Mexican stocks worth less and increases the possibility that the Bank of Mexico will raise interest rates to protect its value.

10.   A weaker peso makes Mexican stocks worth less in dollar terms and can fuel a rise in both inflation and interest rates.