Price of the dollar today in Mexico: Know how much the exchange rate is this May 8

The dollar price in Mexico it is trading higher, while investors digested the Federal Reserve’s announcements the day before, which favored the dollar against risky assets.

The exchange rate ended the session on Thursday at 20.3026 Mexican pesos per dollar, an advance of 1.44% compared to the reference price of the Reuters agency on Wednesday.

What is the price of the dollar today in Mexico?

The US currency was trading higher and the exchange rate is trading at 20.30 pesos per dollarr, 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 higher?

Regionally, Latin American currency and equity markets traded across the board on Thursday as investors digested the Federal Reserve’s announcements the day before, which favored the dollar against risk assets.

According to the Reuters agency, the US currency rose to a 20-year high, as the sharp fall in stocks boosted demand for the currency as a safe haven, after the Fed was inclined to tighten its monetary policy more than other banks. central.

The Fed raised its reference rate by half a percentage point the day before to a range of 0.75% and 1%, the largest increase in 22 years, without ruling out another increase soon and beginning to cut its bond positions since June in their battle to reduce inflation.