Price of the dollar today in Mexico: know how much the exchange rate is this Saturday, April 23

The dollar price in Mexico it operates on the rise, with one of the worst performances of the currencies in the region after Powell’s comments.

The exchange rate ended the session on Thursday at 20.1711 Mexican pesos per dollar, an advance of 0.94% compared to the reference price of the Reuters agency on Wednesday.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, also reversed its gains and closed the day down 1.05%, at 53,267.31 units.

What is the price of the dollar today in Mexico?

The US currency was on the rise and the exchange rate is trading at 20.17 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, Latin American currencies and stock markets closed lower on Thursday, after the chairman of the US Federal Reserve, Jerome Powell, hinted that the US central bank would act aggressively to curb a runaway inflation.

According to Reuters, a half-point interest rate hike will be “on the table” when the Fed meets on May 3-4, in what is expected to be a series of credit cost hikes this year. , Powell said on Thursday, in comments that pointed to an aggressive set of central bank actions.

With inflation roughly triple the Fed’s 2% target, “it’s appropriate to move a little faster,” Powell said in a discussion of the global economy at International Monetary Fund meetings.

Powell’s words also boosted the dollar, whose index, which measures the greenback against a basket of six major currencies, reversed slight losses and gained about 0.27%.