Price of the dollar today in Mexico: know how much the exchange rate is this April 11

The price of the dollar in Mexico operates lower, in a greater global aversion to risk that boosted the dollar in international markets and caused a general fall in regional currencies early on Friday.

The exchange rate ended the session on Friday at 20.0320 Mexican pesos per dollar, an advance of 0.44% compared to the reference price of the Reuters agency on Thursday. For the day of April 11, the value of the dollar will be known in the early hours of the day.

“Our currency has been supported by the expectation that high inflation will cause the benchmark interest rate to continue to rise at a rate of at least 50 basis points, which would improve the currency’s carry trade,” he said. first thing in the morning Janneth Quiroz, deputy director of analysis at Monex Grupo Financiero.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, fell 1.07% to 54,687.25 units, with an accumulated decline of 3.4% in the week after having reached an all-time high .

Analysts noted that investors are starting to look ahead to the first quarter reporting season in the coming weeks.

“We believe that the most important thing will be to know the possible impact of an environment of higher inflation and the challenges for growth,” said Grupo Financiero Banorte. “Prior to the results, we reiterate our expectation of 58,000 points for the IPC at the end of 2022.”

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, the currencies of Latin America cut losses on Friday and had an uneven closing, as did the stock markets, due to greater global risk aversion that boosted the dollar in international markets and caused a general fall in the regional currencies early.

According to the Reuters agency, the dollar index posted its biggest weekly rise in a month, supported by the prospect of a more aggressive pace of interest rate hikes by the Federal Reserve to curb inflation.

The dollar index broke above 100 for the first time in two years. It rose to 100.19 in the session, the highest since May 2020, but closed the day at 99.822 and up 1.3% on the week.

The dollar has gained ground against a basket of rival currencies over the past month, particularly the euro, which has come under pressure from investor concerns about the economic costs of the war in Ukraine and an election in France that could be very close.

Markets were also pressured by geopolitical uncertainty.