Price of the dollar today in Mexico: know how much the exchange rate is this Monday, July 4

The price of the dollar in Mexico operates on Monday, compared to an advance of the dollar in global markets, while stock markets closed higher, due to concerns about the world economy after high inflation in the euro zone.

The exchange rate ended the session on Friday at 20.2490 Mexican pesos per dollar, an advance of 0.80% compared to the reference price of the Reuters agency on Wednesday

“Sentiment is adverse given the prospects of a global recession,” Grupo Financiero Monex said in a research note.

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, rose 0.46% to 47,743.15 units.

What is the price of the dollar today in Mexico?

The US currency was on the rise and the exchange rate is trading at 20.24 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 lower?

At the regional level, the currencies of Latin America had a new day of significant losses, compared to an advance of the dollar in the global markets, while the stock markets closed higher, given the concern about the world economy after high inflation in the euro zone.

According to the Reuters agency, pessimism about the outlook for the world economy on Friday boosted the demand for the dollar as a refuge, while the Australian dollar, an indicator of world growth, touched a two-year low.

Rampant inflation and a rush by central banks to raise interest rates and curb the flow of cheap money have boosted sales across markets and pushed up assets seen as safer.

“When people worry, they keep buying assets in dollars”said Joseph Trevisani of FXStreet.com in New York.

Meanwhile, euro area inflation hit a record high again in June as price pressures widened, while its peak could still be months away, reinforcing the case for a rapid rise in interest rates. interest from the European Central Bank starting this month.

Consumer price growth in the 19 countries sharing the euro accelerated to 8.6% from 8.1%, Eurostat reported on Friday, beating expectations of 8.4% and driven mainly by energy prices, although food and services also contributed.