Dolar a Peso Mexicano: Understanding Today's Exchange Rates
Tuesday, 10 September 2024, 21:40
Current Dolar a Peso Mexicano Exchange Rate
On Thursday, September 5, 2024, the dolar a peso mexicano exchange rate opened with a minor depreciation, indicating a halt to the recent upward trend.
The dollar stands at $19.92 pesos in Mexico, showing a 0.15% drop compared to Wednesday’s close of $19.95.
Impact of Recent Political Events
In the lead-up to the presidential elections, the dollar was close to $16 per unit. Now, just three months later, its trading value approaches $20. This rise is despite occasional drops in value.
- Experts point to judicial reforms promoted by President AMLO as a key factor affecting investor confidence.
- Concerns raised by US and Canadian embassies have sparked caution amid potential repercussions on international trade.
- Such uncertainty often triggers foreign capital withdrawal, leading to a decline in peso demand and subsequent depreciation.
Bank Rates for September 5, 2024
Here are today’s rates from various banks in Mexico:
- Afirme: 18.70 (buy); 20.50 (sell)
- Banco Azteca: 18.65 (buy); 20.25 (sell)
- BBVA Bancomer: 19.00 (buy); 20.13 (sell)
- Banorte: 18.70 (buy); 20.25 (sell)
- Citibanamex: 19.31 (buy); 20.44 (sell)
- Scotiabank: 17.00 (buy); 20.80 (sell)
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.