The exchange rate of the US dollar to Mexican Peso was

USD $1=$ MXN $20\mathrm{.}07$ in Oct $152022,$

USD $1=$ MXN $16\mathrm{.}68$ in Jul $302023,$

USD $1=$ MXN $17\mathrm{.}42$ in Oct $12023.$

This example shows

Depreciation of the Mexican peso from Oct $152022$ to Jul $302023.$

Depreciation of the dollar from Oct $152022$ to Oct $12023.$

Depreciation of the Mexican peso from Oct $152022$ to Oct $12023.$

Depreciation of the dollar from Jul $302023$ to Oct $12023.$

Appreciation of the dollar from Oct $152022$ to Jul $302023.$