What actions should you take if have been told by one of your analyst that Mexican peso is expected to depreciate 30 percent against the US dollar on foreign exchange market over next year?

1. Revise exchange rate forecasts. You need to update your exchange rate forecasts considering the latest information. This will affect the valuation of your assets and liabilities denominated in foreign currency.

2. Hedge against currency risk. Take steps to reduce the impact of the expected currency fluctuation. This could include using currency forwards, options, or other hedging instruments to lock in the current exchange rate.

3. Diversify your currency exposure. Reduce the concentration of your assets in Mexican peso. This will help to mitigate the impact of a peso devaluation.

4. Monitor the situation closely. Keep a close eye on the developments in the Mexican economy and the foreign exchange market. Be prepared to adjust your currency strategy if the situation changes.

Here are some additional tips that may be helpful:

* Don't panic. It is important to stay calm and rational when dealing with currency fluctuations. Making impulsive decisions can lead to costly mistakes.

* Seek professional advice. If you are not sure how to handle currency risk, consult with a financial advisor. They can help you to develop a currency strategy that is right for your specific situation.

* Keep a long-term perspective. Currency fluctuations are a normal part of the global economy. By taking a long-term view, you can avoid getting caught up in short-term volatility.