<p>There is a close relationship between the strengthening of the process<br /> of financialization and the managment of different currencies. This<br /> relationship appears when in local monetary spaces the demand for<br /> local currency is abandoned in favor of other currencies or objects of<br /> speculation. This is a political economy that favors financial<br /> interests. In the management of local currencies, the new norm<br /> imposed by high finance has been one of elevated renumeration combined<br /> with low inflation. The exchange rate in Mexico is a function of the<br /> conditions and confidence and profitability of the financial sector.<br /> Exchange rate fluctuations become a determining factor in the<br /> fluctuations in treasury flows, assets, sales and profits of large<br /> corporations dedicated to productive activities and that deal in<br /> foreign currencies. This makes these corporations particularly<br /> attractive for local monopolistic financial capital, as it means not<br /> only maintaining their financial wealth and receiving their interest<br /> payments intact, but also being rewarded with a financial benefit in<br /> their own currency. The relative certainty regarding the evolution of<br /> the exchange rate in the mexican economy is necessary for an important<br /> sector of large corporations related to monopolistic financial capital<br /> to maintain their conditions of profitability.</p>