peso appreciation dequates to an improve economy?

Answer 1

The other effect of a peso appreciation is that it makes the country's goods more expensive for the rest of the world. For example, let's say the U.S. buys many Mexican products. If the peso appreciates, it costs the U.S. even more dollars to buy the same amount of Mexican goods. If the appreciation is significant, this could cause the U.S. (and the rest of the world) to buy fewer Mexican goods. And what effect will that have? If fewer Mexican goods are being purchased, this means fewer jobs/factories are needed in Mexico. In sum, a currency appreciating does not necessarily equate to an improved economy.

Answer 2

It makes the peso worth more which in turn means that the people are earning more in real wages and can buy more things from foriegn countries.