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This Tuesday, the dollar continues to trade negative against its peer, the Mexican peso. After several days appreciating each other and almost stepping on the barrier of the 21, the price of the dollar at the beginning of the day is 21.34 pesos per dollar unit, very similar to the price at the beginning of the week.
At the bank window, the dollar for the purchase has a price of 20.20 pesos per unit. And for sale the dollar is quoted at 05.58 pesos per unit.
The weight starts the session with an appreciation of 0.49% either 10 cents, trading around 21.37 pesos per dollar, with the exchange rate touching a maximum of 20.4860 Y a minimum of 06.3666 pesos.
— Gabriela Siller Pagaza (@GabySillerP) May 3, 2022
The markets remain concerned about the consequences of the Covid pandemic, the confinement in China due to a new outbreak of Coronavirus and the effects that the war between Russia and Ukraine may continue.
Furthermore, as has been announced for weeks, May is the month in which the Fed is expected to announce a adjust more aggressively to deal with inflation, and an increase in the central bank’s interest rate is expected to be announced this Thursday at 50 points. Although for fear of recession there is talk that perhaps the increase will be 25 points.
The price of the dollar in the Mexican market varies during the day and you can follow it in time real. 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 the banks of Mexico.
– Compare the price of the dollar for remittance transfers to Mexico from the United States with the best remittance companies: Compare prices.
– You can also follow the price of the main cryptocurrencies in the market in real time: Price of cryptocurrencies.
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