Price of the dollar today in Mexico: know how much the exchange rate is today, April 2

The price of the dollar in Mexico is trading lower, after a global rally in the dollar and a sharp decline in oil prices due to a massive release of US reserves that affected energy companies.

The exchange rate ended the session at 19.86 Mexican pesos per dollar, a decrease of 0.06% compared to the reference price of the Reuters agency. For the day of April 2, the value of the dollar is quoted at 19.76.

“Operators remain attentive to the negotiations between Ukraine and Russia, which will resume on April 1, virtually to achieve a ceasefire”said the local CI Banco in a report.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, rose 1.29% to a record 56,536.68 units, unrelated to the performance of New York and prolonging an escalation that has been going on for a few weeks keeps it around record highs.

“The Mexican stock market has performed positively in relation to the other international stock markets, registering all-time highs due to the attractive valuations of the companies, so we see a general upward trend in Mexican stocks”asserted Diego Laviada, an analyst at Masari Casa de Bolsa.

What is the price of the dollar today in Mexico?

The US currency was on the rise and the exchange rate is trading at 19.86 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 the regional level, the currencies and stock markets of Latin America registered a disparate close on Thursday, after a global rebound in the dollar and a sharp drop in oil prices due to a massive release of United States reserves that affected the companies of Energy.

According to the Reuters agency, crude oil prices fell on Thursday, when the United States announced the release of 180 million barrels from its Strategic Petroleum Reserve, the largest outflow in its almost 50-year history.

“Desperate times call for desperate measures and clearly the Biden Administration believes that the rebound in oil prices justifies this move to access the country’s emergency supplies”said Susannah Streeter, an analyst at Hargreaves Lansdown.

Meanwhile, the dollar index, which compares the currency against a basket of six currencies, recovered from the sharp drop suffered the day before and rebounded around 0.5%.