Price of the dollar today in Mexico: know how much the exchange rate is today, April 10

The price of dollar in Mexico It is trading lower, amid the strength of the dollar and market fears about the possibility of further aggressive increases in US interest rates.

The exchange rate ended the session at 20.1380 Mexican pesos per dollar, a decline of 0.17% compared to the reference price of the Reuters agency. For the day of April 10, the value of the dollar is quoted at 19.94 and for sale at 20.38.

“In our opinion, it is very feasible that Banco de México will have to raise its inflation estimates,” Banorte said in a report. “In addition to this, the increased instability in the markets and a less accommodative monetary stance from the Fed are additional reasons for the central bank to increase its rate by 50 bps in its next decision.”

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, fell 0.29% to 55,280.59 units, after accumulating a drop of 2.1% in the previous three days.

“Inflation is everywhere and that makes stock investors nervous,” said Edward Moya, an analyst at OANDA.

What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 20.13 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, most Latin American currencies were showing losses at the end of Thursday, while stock markets had a mixed behavior, amid the strength of the dollar and market fears in the face of the possibility of future aggressive increases. in US interest rates.

According to Reuters, the dollar traded around a two-year high against a basket of major currencies on Thursday, pushing commodity-linked currencies further down from their recent highs, after the minutes of the meeting will show that the Federal Reserve is preparing to move aggressively to curb inflation.

This change in monetary policy in the world’s leading economy, which showed greater aggressiveness in the Fed’s minutes, was ratified on Thursday by statements by one of its members.

The Federal Reserve continues to lag behind in its fight against inflation despite mortgage rate hikes, while bond yields have come ahead of expected changes in the central bank’s fed funds target rate, the Federal Reserve said. Thursday St Louis Fed President James Bullard.