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Mexico ' s Cada Seis A os . Mexico was famouslong dash or infamouslong dash for many years for having two things every six years

Mexico's Cada Seis Aos.Mexico was famouslong dashor infamouslong dashfor many years for having two things every six years (cada seis aos in Spanish): a presidential election and a currency devaluation. This was the case in1976,1982,1988, and 1994. In its last devaluation on December20,1994, the value of the Mexican peso(Ps) was officially changed from Ps 3.30 equals $ 1.00Ps 3.30=$1.00 to Ps 5.50 equals $ 1.00Ps 5.50=$1.00. What was the percentage devaluation?

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