Price of the dollar today in Mexico: know how much the exchange rate is this May 17

The price of the dollar in Mexico It is trading lower, after a general decline in the greenback and negative data from China that once again raised doubts about the health of the world economy.

The exchange rate ended the session on Monday at 20.0165 Mexican pesos per dollar, a decline of 0.05% compared to the reference price of the Bloomberg agency on Friday. For the day of May 17, the value of the dollar will be known in the early hours of the day.

The US currency was trading lower and the exchange rate is trading at 20.01 pesos per dollar, according to data from the Bloomberg agency.

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.

At a regional level, most Latin American currencies closed with gains on Monday, favored by opportunity purchases and a weakening dollar.

China’s economic activity slowed sharply in April as the extension of COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, raising fears the economy could contract in the second quarter. .

Full or partial lockdowns were imposed in dozens of cities in March and April, including a lengthy one in Shanghai, keeping workers and consumers at home and severely disrupting supply chains.

Retail sales in April shrank 11.1% from a year earlier, marking the biggest contraction since March 2020, data from the National Statistics Office (ONE) showed on Monday, and it’s worse than expected. provided.

On the other hand, according to the Reuters agency, operators pointed out that the concern about the tightening of the monetary policies of the central banks could generate a slowdown in the growth of the economy, which has distanced investors from risky assets and has led to selling and seeking refuge in the dollar.

Markets are likely to see a short-term rebound before resuming the sell-off, which has seen Wall Street’s Nasdaq tech index lose more than 25% since the start of the year, BofA analysts wrote in a weekly strategy note. .

The dollar index, which measures the greenback against a basket of six major currencies, was stable and hovering near two-decade highs.