Price of the dollar today in Mexico: know how much the exchange rate is this April 12

The price of the dollar in Mexico is operating downwards, amid the fall in the price of oil and the caution of agents on the eve of the inflation data from the United States and which aims to continue under pressure amid global supply shocks.

The exchange rate ended the session on Monday at 19.9199 Mexican pesos per dollar, a decrease of 0.50% compared to the reference price of the Reuters agency on Friday. For the day of April 12, the value of the dollar will be known in the early hours of the day.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, fell 0.41% to 54,912 units.

What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 19.91 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, the currency and stock markets of Latin America closed disparate on Monday, amid the drop in oil prices and the caution of agents on the eve of the United States inflation data and which aims to continue pressured in the midst of global supply shocks.

According to the Reuters agency, at the beginning of a short week for Easter, oil prices fell by nearly 4% and a Brent barrel closed below 100 dollars, due to concerns that the pandemic will reduce demand in China, while the countries of the International Energy Agency (IEA) plan to release record volumes of their strategic reserves.

In addition, analysts focused attention on the US inflation figure, which could support a more aggressive monetary stance by the Federal Reserve.

“In the global financial markets there is a greater perception of risk,” said Gabriela Siller, head of economic analysis at the Banco Base firm, in a report.

“Due to upside risks to inflation, the market continues to speculate that the Federal Reserve will raise its interest rate at a faster pace during the year,” he added.