2023-06-23 18:17:52
The US dollar strengthened early in the day on Friday as more aggressive monetary tightening by several central banks, including the Bank of England, sparked a bout of risk aversion.
While higher interest rates generally support currencies, the risk of them triggering a recession affects currencies, such as in the UK with the pound. Furthermore, this has pushed some investors to seek safe haven assets such as the US dollar, strengthening the currency.
New increases by the Federal Reserve
Last week, the United States Federal Reserve announced a pause in the cycle of interest rate increases. However, Fed Chairman Jerome Powell also announced a couple more hikes this year.
Powell stressed that the pause was the right move at this point, but the Fed still has a goal of slowing inflation to 2%. According to the latest Consumer Price Index report, in May, year-on-year inflation was 4%.
This week in Congress, the Fed chair reiterated his view that interest rates could rise at least twice as much this year to contain high inflation. Powell noted that the increases will be made “at a rate that allows us to see the incoming data.”
Price of the dollar today, June 23: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
At 1:36 p.m. m. ET, the dollar index (DXY), which measures the value of the dollar in relation to a basket of six major currencies, registered a rise of 0.47%, settling at 102.86 units, according to Investing.com, one of the financial portals more important.
On the other hand, this is how the dollar exchange rate is in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica this Friday, June 23, according to Investing.com:
Mexico: 17.16 Mexican pesos (MXN) -0.03% Costa Rica: 541.23 Costa Rican colon (CRC) +0.14% Guatemala: 7.84 quetzales (GTQ) -0.01% Honduras: 24.7200 lempiras (HNL) Nicaragua: 36.54 córdobas (NIO) +0.03%
On the other hand, this is the exchange rate for the purchase and sale of these currencies:
Purchase
Mexico: 16.61 Mexican pesos (MXN) (Banamex) Costa Rica: 537.00 Costa Rican colon (CRC) (Bank of Costa Rica) Guatemala: 7.67 quetzales (GTQ) (Banco Azteca) Honduras: 24.59 lempiras (HNL) (Ficohsa) Nicaragua: 35.95 córdobas (NIO) (BAC) Sale Mexico: 17.63 Mexican pesos (MXN) (Banamex) Costa Rica: 551.00 Costa Rican colon (CRC) (Bank of Costa Rica) Guatemala: 7.91 quetzales (GTQ) (Banco Azteca) Honduras: 24.72 lempiras (HNL) (Ficohsa) Nicaragua: 36.80 córdobas (NIO) (BAC)1687552231
#Price #dollar #today #June #Exchange #rate #Honduras #Mexico #Guatemala #Nicaragua..