Mexico’s peso is trading at the lowest it has been in a year, down almost 50% on Monday to 1,829.95.
The peso was trading near 1,850.25 on Friday, down more than 1% from the previous session.
The peso has been trading near the bottom of a bull market since the beginning of the year, falling over 20% from an all-time high in December.
The economy contracted for a third straight quarter.
It was not immediately clear how the currency would fare in 2018.
But it has fallen over a third since the start of the decade, according to Reuters data.
A weak peso, which has been supported by high commodity prices, has helped Mexico’s economy shrink.
Its GDP is expected to shrink 1.4% this year and 3.2% in 2018, according the International Monetary Fund.