Winters are fairly cold in the desert. The average highest temperature is in the upper 50s Fahrenheit. The average lowest temperature is near 30 degrees Fahrenheit (though it can drop down to about 5 or 10 degrees). Elevations range from 2,310 to 3,110 feet.
A landmark system for monetary and exchange rate management established in 1944. The Bretton Woods Agreement was developed at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, from July 1 to July 22, 1944.
Foreign exchange market (Exchange rates) The Foreign Exchange Commission, made up of officials from the Ministry of Finance and Banco de MÃ©xico, is responsible for foreign exchange policy in Mexico. At the end of 1994, the Commission determined that the exchange rate would be determined by market forces (floating exchange rate/free float regime).