Price of the dollar today in Mexico: know how much the exchange rate is this April 19

The price of the dollar in Mexico operates downward, in a day of high volatility, amid a negative forecast for the growth of the world economy as a result of the war between Russia and Ukraine.

The exchange rate ended the session on Monday at 19.8141 Mexican pesos per dollar, a decrease of 0.63% compared to the reference price of the Reuters agency on Friday. For the day of April 19, the value of the dollar will be known in the early hours of the day.

Internally, analysts said that the participants were closely watching the discussion in the lower house of a lithium nationalization plan promoted by the Mexican president after his proposal to reform the electricity sector failed the day before.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, lost a slight 0.06% to 54,139.69 units, after rising 0.76% in the first hour.

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?

At the regional level, most currencies and stock markets in Latin America recorded losses on Monday, in a day of high volatility, amid a negative forecast for the growth of the world economy as a result of the war between Russia and Ukraine, and by a global advance of the dollar.

According to the Reuters agency, the World Bank lowered its global growth forecast for 2022 by almost a full percentage point, from 4.1% to 3.2%, due to the impacts of Russia’s invasion of Ukraine, the Bank said on Monday. president of the organization, David Malpass.

Meanwhile, the dollar rose in global markets driven by the yield on US Treasury bonds. Benchmark Treasury yields hit three-year highs on Monday as investors adjusted positions ahead of the Federal Reserve aggressively raising interest rates to try to rein in rising inflation, which is running at its fastest pace ever. in 40 years.

Data released last week showed that the Consumer Price Index rose 1.2% last month, its biggest monthly rise since September 2005. In the 12 months through March, the CPI rose 8.5%, the largest year-on-year increase since December 1981.