Peso and exchange rate – Millennium Group

Peso advances and BMV recedes one day after Sheinbaum’s inauguration

In it last day of Andrés Manuel López Obradoras president of Mexico, the Mexican peso appreciated with a gain of 0.15 percent, culminating in 19.67 units per dollar, yesterday, Monday, September 30, 2024.

However; the Mexican Stock Exchange (BMV) fell for the second consecutive day, in a market awaiting the takeover of Claudia Sheinbaum as president of Mexico.

Likewise, during his last press conference, AMLO celebrated the strength of the currencywhich appreciated 3.5 percent during his six-year term, its best performance since 1994 when Mexico adopted the ‘free floating’ exchange rate regime.

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