Price of the dollar today in Mexico: know how much the exchange rate is this April 13

The price of the dollar in Mexico operates lower, after some assets erased initial gains after a recovery of the dollar, with investors digesting a high inflation data in the United States, but lower than expected by many market agents.

The exchange rate ended the session on Tuesday at 19.8211 Mexican pesos per dollar, a decrease of 0.54% compared to the reference price of the Reuters agency on Monday. For the day of April 13, 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 0.96% to 53,903.76 units.

What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 19.82 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, Latin American markets closed mixed on Tuesday, after some assets erased early gains following a recovery in the dollar, with investors digesting a high inflation figure in the United States, but lower than expected by many agents of the market.

According to the Reuters agency, this was added to the comments of the Governor of the Federal Reserve, Lael Brainard, that there were some “welcome” signs of cooling in the latest reading of inflation, but stressed that the central bank continues with a series of interest rate hikes, as well as an effort to cut back on its asset portfolio.

The Labor Department said the consumer price index (CPI) rose 1.2% last month and the biggest monthly gain since September 2005, compared to a 0.8% rise in February.

“March’s inflation reading continues to strengthen the case for an aggressive Fed tightening,” said a note from the Equities and Securities brokerage.

“In a context of escalating prices, the Fed’s new aggressive stance is likely to force an acceleration in the pace of monetary policy tightening,” said Ricardo Evangelista, senior analyst at ActivTrades.