Price of the dollar today in Mexico: know how much the exchange rate is this March 21

The price of the dollar in Mexico is trading lower, after a day of high volatility, amid a global advance of the dollar and a greater aversion to risk assets after a stalemate in talks between Russia and Ukraine.

The exchange rate ended the session on Friday at 20.3630 Mexican pesos per dollar, a drop of 0.74% compared to the reference price of the Reuters agency on Thursday. For the day of March 21, 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 2.03% to 55,467.06 points. The bag added a return of 4.06% in the week, its best record since the beginning of January.

What is the price of the dollar today in Mexico?

The US currency lost 0.74% and the exchange rate is trading at 20.36 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?

Latin American currencies closed mixed on Friday, while most stock markets rose, in a day of high volatility, amid a global advance in the dollar and a greater aversion to risk assets after a stagnation of talks between Russia and Ukraine.

US President Joe Biden tried to prevent China from breathing new life into Russia’s invasion of Ukraine in a video conference with his counterpart Xi Jinping on Friday, as Moscow continues a bombing campaign that is replacing military gains.

The dollar index, which compares the greenback against a basket of six major currencies, gained about 0.25% as investors view the greenback as a haven asset.