The turbulence in the currency markets played a dirty trick on América Móvil in the fourth quarter of 2022. The strengthening of the Mexican peso (the currency in which it consolidates its balance sheets) against the rest of the currencies in the region, except for the Brazilian real, led to a drop in revenues (-2.4%), EBITDA (-4.4%) and operating income (-7.7%). Lastly, net income fell 89.6%. The Mexican peso also strengthened against the dollar.