Price of the dollar today in Mexico: know how much the exchange rate is this June 28

The price of the dollar in Mexico operates on Tuesday, amid a slight global decline in the dollar, while the bulk of the stock markets rose as appetite for risky assets increased and fears of sustained inflation decreased. amid a drop in oil prices.

The exchange rate ended the session on Monday at 19.9200 Mexican pesos per dollar, an advance of 0.26% 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 on the rise and the exchange rate is trading at 19.92 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?

At a regional level, most Latin American currencies fell on Monday, despite a slight global decline in the dollar, while the bulk of stock markets rose as appetite for risky assets increased and fears abated over sustained inflation, amid a drop in oil prices.

According to the Reuters agency, the dollar traded slightly lower on Monday against its main rivals, as the decline in inflation expectations motivated a reassessment of the prospects for aggressive increases in interest rates, but the volatility of the markets cushioned a wider descent.

Bets on aggressive rate hikes have buoyed the dollar index, which hit its highest level in nearly two decades earlier this month. But with some data showing economic momentum starting to cool and a broader drop in commodity prices, investors are turning cautious.

Meanwhile, global stocks extended gains on Monday, capitalizing on Friday’s strong close on Wall Street as oil prices retreated from their highs, improving sentiment and easing concerns about prolonged inflation.