The price of the dollar in Mexico is trading lower, amid a global decline in the dollar and with attention focused on talks between Russia and Ukraine, one day following the expected increase in interest rates in the United States.
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The exchange rate ended the session on Thursday at 20.5150 Mexican pesos per dollar, a drop of 0.57% compared to the reference price of the Archyde.com agency on Monday. For the day of March 18, the value of the dollar will be known in the early hours of the day.
In addition, the main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, rose 0.76% to 53,411.88 units.
What is the price of the dollar today in Mexico?
The US currency lost 0.57% and the exchange rate is trading at 20.51 pesos per dollar, according to data from the Archyde.com agency.
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What is the Mexican peso?
The Mexican peso is the official currency of Mexico and the fifteenth most traded currency worldwide, as well as the third in the region, below the US dollar and the Canadian dollar.
The Mexican currency was the first to use the ‘$’ sign which was later popularized by the United States with US dollars. Also, since 1993 the abbreviation for the Mexican peso is ‘MXN’.
In Mexico, one peso is equivalent to 100 cents and there are coins of 1, 5, 10 and 20 pesos, as well as bills of 20, 50, 100, 200, 500, and 1,000 pesos.
Why did it close lower?
Most Latin American currencies and stock markets closed with gains on Thursday, amid a global pullback in the dollar and with attention focused on talks between Russia and Ukraine, a day following the expected increase in interest rates. in United States.
The dollar index, which measures the greenback once morest a basket of six major currencies, lost around 0.5%, following the day before the United States Federal Reserve met market expectations by starting the cycle of increases in interest rates. interest rates.
Meanwhile, the Kremlin said Thursday that Russia is making a colossal effort in talks on a possible peace deal with Ukraine that might quickly stop Russia’s invasion of the country.
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