Price of the dollar today in Mexico: know how much the exchange rate is this June 27

The price of the dollar in Mexico operates lower on Monday, due to expectations that the fall in the price of raw materials can curb inflation and relax the rise in interest rates.

The exchange rate ended the session on Friday at 19.8659 Mexican pesos per dollar, a decrease of 0.75% compared to the reference price of the Bloomberg agency on Thursday.

What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 21,986 pesos per dollar, according to data from the Bloomberg 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 currencies were mixed on Friday as stock markets posted gains on expectations that falling commodity prices could curb inflation and ease interest rate hikes. interest.

According to the Reuters agency, the week has been marked by sharp falls in raw materials due to concerns that the world economy will falter and that interest rate hikes will hurt growth, which in turn is leading traders to cut inflation expectations and reduce some bets on the size of the hikes.

“Inflation will remain elevated and above target, but it is increasingly likely to start to peak in the coming months,” said Andrew Hardy, investment manager at Momentum Global Investment Management. “Markets could take it reasonably well – there is potential for recovery later in the year.”

Also, the dollar index, which measures the greenback against a basket of six major currencies, retreated and headed for its first weekly decline in June as traders reduced their bets on where interest rates might peak. interest.