Monday, July 8

Dollar in Mexico: the dollar falls at the beginning of the week

El dólar retrocede esta semana en el mercado mexicano.
The dollar fell this week in the Mexican market.

Photo: Manan VATSYAYANA / AFP / Getty Images

Alexa Liendo

After several days appreciating each other and almost stepping on the barrier of 21, the dollar begins the week in depreciation against the Mexican peso. The price of the dollar at the beginning of the day is 20.42 pesos per dollar unit.

At the bank window, the dollar for the purchase has a price of 20.06 pesos per unit. And for sale the dollar is quoted at 03.54 pesos per unit.

The weight starts the session with an appreciation of 0.03%, trading around 20.42 pesos per dollar, with the exchange rate reaching a maximum of 20.4888 and a minimum of 20.3675 pesos.

— Gabriela Siller Pagaza (@GabySillerP) May 2, 2022

For the US currency, the positive accumulation throughout the week has been 0.83%. And during the last month the increased value for the dollar has been 2.28%.

The markets remain concerned about the consequences of the Covid pandemic, of the confinement in China due to a new outbreak of Coronavirus and the effects that the war between Russia and Ukraine may continue to have.

We are already in May, the month in which the Fed is expected to announce a more aggressive adjustment to deal with inflation, which translates into an increase in the central bank interest rate in 50 points.

The price of the dollar in the Mexican market varies during the day and continues with an upward trend, you can follow it in real time. You can also compare prices to find the best rate for your remittance.

– Updated report of the dollar in the Bank of Mexico: Exchange rate in Banxico.– Average variation of the dollar in the different Mexican financial institutions: Price of the dollar in Mexican banks.
– Compare the dollar price for remittance transfers to Mexico from United States with the best shipping companies: Compare prices.
– You can also follow the price of the main cryptocurrencies in the market in real time: Price of cryptocurrencies. The week starts with most of the cryptocurrencies in appreciation. After the previous week they accumulated up to 9% drop.
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