Mexican peso strong against dollar

From CNN's Krupskaia Alis

MEXICO CITY (CNN) - Not since October 2002 has a lone Mexican peso been worth a dime, and the Mexican currency's strength is seen as a positive sign by many observers.

Various factors play a role in fortifying the peso, among them a return on investment of as much as 8 percent for deposits, about 6 points higher than is available in the United States.

Add to that the money sent home by Mexicans working abroad and the extra dollars the oil-rich country is getting for its petroleum products, and Mexico is raking in an extra $100 billion in resources this year, all of which go to strengthen the peso.