Price of the dollar today in Mexico: know how much the exchange rate is this March 7

The price of the dollar in Mexico closed higher on Friday, at its highest level in the year, driven by global investors’ concerns about the impact of an escalation of the war conflict in Ukraine, which overshadowed a solid employment report in the United States. .

The exchange rate ended the session at 20.9350 Mexican pesos per dollar, an advance of 1.46% compared to the reference price of the Reuters agency on Tuesday. For the day of March 7, the value of the dollar will be known in the early hours of the day.

What is the price of the dollar today in Mexico?

The US currency gained 1.46% and the exchange rate is trading at 20.93 pesos per dollar, according to data from the Reuters agency.

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 higher?

The Mexican peso and the stock market fell on Friday affected by global investors’ concerns about the impact of an escalation of the war in Ukraine, which overshadowed a solid employment report in the United States.

According to the Reuters agency, the G7 foreign ministers declared themselves “deeply concerned” about the humanitarian consequences of “Russia’s continued attacks” against the Ukrainian civilian population and added that they will hold accountable those responsible for war crimes.

“Today the markets have been more focused on what is happening in Eastern Europe than on information and data”Intercam Grupo Financiero said in a report. “Despite this, it is still relevant that the Non-Farm Payroll has been very positive after having had two months below expectations”.

US employers hired far more workers than expected in February, bringing the labor market closer to peak employment.