Price of the dollar today in Mexico: know how much the exchange rate is this June 16

The price of the dollar in Mexico operates lower this Thursday, due to a recomposition of investor portfolios after the announcements of the US Federal Reserve were in line with expectations, which caused a general fall in the dollar.

The exchange rate ended the session on Wednesday at 20.4384 Mexican pesos per dollar, a drop of 0.37% compared to the reference price of the Reuters agency on Tuesday.

he benchmark S&P/BMV IPC stock index rose 0.37% to 48,344.97 points, putting an end to a streak of five continuous days of losses in which it accumulated a drop of 3.94%.

What is the price of the dollar today in Mexico?

The US currency was on the rise and the exchange rate is trading at 20.43 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 higher?

At a regional level, the markets of Latin America closed sharply higher on Wednesday, due to a recomposition of investor portfolios after the announcements of the US Federal Reserve were in line with expectations, which caused a general fall in the dollar.

According to the Reuters agency, the Federal Reserve raised its target interest rate by three-quarters of a percentage point – the highest rise since 1994 – to curb a rebound in inflation, while projecting a slowdown in the economy and a rise in unemployment. in the coming months.

“What happened was to buy dollars with the rumor in recent days and sell today with the announcements, which were very much in line with what the market had anticipated,” said an operator in Bogotá.