Price of the dollar today in Mexico: Know how much the exchange rate is for today, March 27

The dollar price in Mexico it operates downward, with investors calculating the balance of risks between the effects derived from the conflict between Russia and Ukraine on the one hand and the expectations regarding monetary policy in the United States and Europe.

The exchange rate ended in its last session at 20.0780 Mexican pesos per dollar, a drop of 0.71% compared to the reference price of the Reuters agency on Wednesday.

Meanwhile, the main stock index S&P/BMV IPC gained 1.22% to 55,829.86 points, thanks to the markets in the United States. Shortly before the close, the stock market rose to 55,907.49 units, a new all-time high.

What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 20.07 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?

At a regional level, most Latin American markets closed on Wednesday with new gains, with investors calculating the balance of risks between the effects derived from the conflict between Russia and Ukraine on the one hand and the expectations around monetary policy in the United States. United and Europe.

Earlier, Chicago Fed President Charles Evans said the Federal Reserve needs to raise interest rates this year and next to curb high inflation before it settles into American psychology and becomes even harder to deal with. remove.

“The brutal reality of the war in Ukraine continues, but the feeling that it is approaching de-escalation, even temporarily, has increased in the markets”said Ricardo Evangelista, senior analyst at ActivTrades.

“Traders’ expectations about what the Fed will do in the coming months are back in the spotlight”he added.