Pre crisis, they were around 3 to the dollar. Now 11, never 100.
Sorry, but the Mexican peso had three zeros (!!) dropped from it in 1993. Thus today's 1 peso was 1992's 1000 peso note. Thus the 3 peso to the dollar exchange would mean (in old pesos) 3000 to the dollar, or approximately 30 pesos to the penny. Of course they have centavos back then too. 1/100'th of a Peso, the Mexican penny! (Today the 5 centavo is the smallest coin in circulation)
At the old rate a centavo would be worth 1/3000th of a cent!
Do you think that's what editor-surveyor meant when he said, "It wasn’t too long ago that the peso was less than one cent"?
He was, I guess, trying to say that the peso went up from less than a cent to over 9 cents. You don't think he was right, do you?