Price of the dollar today in Mexico: know how much the exchange rate is this March 14

The price of the dollar in Mexico is trading lower, amid a global rise in the dollar and a decline on Wall Street, the main benchmarks for the region’s markets, with investors attentive to events in Ukraine.

The exchange rate ended the session on Friday at 20.8973 Mexican pesos per dollar, a decrease of 0.13% compared to the reference price of the Reuters agency on Friday. For the day of March 14, 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, reversed its gains and closed down 0.2% to 53,280.57 units in a volatile session.

What is the price of the dollar today in Mexico?

The US currency lost 0.13% and the exchange rate is trading at 20.89 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 lower?

The currencies and stock markets of Latin America registered a disparate close on Friday, amid a global rise in the dollar and a decline on Wall Street, the main benchmarks of the markets in the region, with investors attentive to events in Ukraine .

According to the Reuters agency, earlier in the day there was less aversion for risk assets, due to expectations of possible progress in the talks between Russia and Ukraine to end the war conflict, after the Russian president, Vladimir Putin, he said on Friday that there had been some progress in Moscow’s talks with Ukraine.

However, in the afternoon the dollar rose and Wall Street fell with concerns about Ukraine on the minds of investors and also next week’s monetary policy meeting of the Federal Reserve, in which the central bank is widely expected to raise your interest rates.