Price of the dollar today in Mexico: know how much the exchange rate is this Saturday, May 14, 2022

The dollar price in Mexico it is trading lower, in the midst of a renewed global wave of aversion to risky assets that strongly boosted the dollar in world markets.

The exchange rate ended the session on Thursday at 20.2511 Mexican pesos per dollar, a drop of 0.27% compared to the reference price of the Reuters agency on Wednesday.

“The reaction of the Mexican peso to the decision is limited but positive”said the firm CI Banco in an analysis report. “We believe that the market had anticipated this decision in the early hours of the day by appreciating around 20.30″.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, rose 0.07% to 49,309.32 units.

What is the price of the dollar today in Mexico?

The US currency was stable and the exchange rate is trading at 20.25 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, Latin American currencies and stock markets had disparate closings on Thursday, due to a renewed global wave of aversion to risk assets that strongly boosted the dollar in world markets.

According to Reuters, the dollar rose to a 20-year high on Thursday as concerns persisted that actions by central banks to counter high inflation would slow global economic growth, boosting the currency’s safe-haven appeal. .

Data from the Labor Department showed that initial claims for jobless benefits rose to their highest level in three months, although the labor market remains a strength of the US economy.

The producer price index slowed sharply in April to a rise of 0.5% from 1.6% the previous month, thanks in part to a sharp drop in energy products.

After the Fed raised its overnight interest rate by 50 basis points last week, the biggest hike in 22 years, investors are trying to assess how aggressive the central bank will be. Expectations are fully priced in for another hike of at least 50 basis points at the central bank’s June meeting, according to CME’s FedWatch tool.