uring the Mexican peso crisis, the value of the peso: Multiple choice question. fell requiring the central bank to sell pesos which increased their foreign currency holdings increasing their ability to maintain the exchange rate. rose requiring the central bank to sell pesos which increased their foreign currency holdings increasing their ability to maintain the exchange rate. fell requiring the central bank to buy pesos which reduced their foreign currency holdings limiting their ability to maintain the exchange rate. rose requiring the central bank to buy pesos which increased their foreign currency holdings limiting their ability to maintain the exchange rate