The peso hit a historic low of 7 to the dollar in midday trading on currency markets Monday, but rebounded slightly by afternoon.
The peso was trading at 6.53 to the dollar two hours before the markets closed. The previous record close of the peso was 6.305 to the dollar, reached on Friday.
The peso has lost about half its value since Dec. 20, when the Mexican government relaxed controls.
sponsored According to two 2015 surveys, 62 percent of Americans do not have enough savings to handle an unexpected emergency, much less any long-term plans.