Price of the dollar today in Mexico: know how much the exchange rate is this April 4

The price of the dollar in Mexico operates downward, amid a global advance of the dollar that was strengthened after data that showed a solid momentum in the United States economy.

The exchange rate ended the session on Friday at 19.8164 Mexican pesos per dollar, a decrease of 0.14% compared to the reference price of the Reuters agency on Thursday. For the day of April 4, the value of the dollar will be known in the early hours of the day.

“With the expectation that the Federal Reserve will raise its interest rate at an aggressive pace, the expectation that Banco de México will also do so in order to maintain its relative monetary stance with the United States is strengthened”said Gabriela Siller, director of analysis at the firm Banco Base.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, gained 0.86% to 57,024.21 units, in line with the performance of its peers in New York, after the disclosure of a US labor market report, which highlighted the strong momentum of the world’s largest economy.

What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 19.81 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?

Regionally, most Latin American currencies and stocks rose on Friday, boosted by increased investor appetite for risky assets, amid a global advance in the dollar that strengthened after data showed a solid boost to the US economy.

According to the Reuters agency, the dollar index, which compares the greenback with a basket of six major currencies, was trading around 0.4% higher.

US job growth continued apace in March and the unemployment rate fell to a two-year low of 3.6%, while wages are accelerating again, putting the Federal Reserve in a position to raise interest rates by 50 basis points in May.

The Labor Department’s employment report, closely watched by markets and monetary authorities, showed nonfarm payrolls rose by 431,000 jobs last month.

The report underscored the strong momentum in the economy, which is facing growing headwinds from inflation, tightening monetary policy and Russia’s war against Ukraine, which is further straining global supply chains and increasing price pressures.