English translation: DEPRECIATION of one currency against another
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Explanation: I've used the present continuous tense because I imagine that this is still heppening now.
A much-talked-about issue in Mexico is inflation. While high inflation—almost 20 percent—makes life very difficult for Mexicans, we who are living in Mexico on dollars are insulated against the effects of inflation. But this is not always the case. The peso, which has been steadily devaluing against the dollar (almost 15 percent in 1998), has been stable for most of 1999.
DR1 Forums Archive - Changing RDS into USD
... a simple bank savings account betwen dollars and pesos, the difference is about the
same as the rate at which the peso is devaluing against the dollar (or less ... www.dr1.com/forums/showthread/t-8698 - 32k - Cached - Similar pages