Price of the dollar today in Mexico: know how much the exchange rate is for this Sunday, June 19

The dollar price in Mexico it is trading higher after a short-lived recovery the previous day, due to risk aversion derived from growing fears of an economic recession amid strong inflationary pressures.

The exchange rate ended its last session at 20.4264 Mexican pesos per dollar, an advance of 0.90% 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 local market, fell 1.63% to 47,558.51 points, its lowest closing level since mid-April last year.

What is the price of the dollar today in Mexico?

The US currency was on the rise and the exchange rate is trading at 20.42 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 the regional level, most stock and exchange markets in Latin America closed with losses on Thursday, after a short-lived recovery the previous day, due to risk aversion derived from growing fears of an economic recession amid strong inflationary pressures.

According to the Reuters agency, the monetary authorities in Europe raised interest rates on Thursday, in some cases at levels that surprised the markets such as the case of the Swiss National Bank and the Hungarian National Bank, and hinted that the cost of Loans will go up even higher to control rampant inflation that erodes savings and cuts corporate profits.

“Traders gave up their initial optimism over comments from Fed Chairman Jerome Powell that large rate hikes will not be the norm,” said a report from the Bogota-based Acciones y Valores brokerage.

“Renewed concerns about the impact of monetary tightening on economic output and declining asset valuations pushed the dollar higher again for the sixth time in seven days,” it added.