The Price of Dollar Remains Steady for Monday, June 12
Mexico is currently witnessing dollar rates that have not been seen in a long time. As of Monday, June 12, the dollar was being traded at $17.30, which is significantly lower than $18. With these rates, it is essential to know the purchase and sale price of the dollar in various banking institutions across the country.
Dollar Rates at Various Banks – June 12
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Factors Affecting the Dollar Rates
The equivalence between the Mexican peso and other foreign currencies is calculated as per their trading rates against the US dollar in international markets on the day of payment. These quotes are available upon request by credit institutions across the country.
Since 2023, Mexican currency has experienced an 8.64% depreciation. The rates are currently being affected by various global and local factors, including political instability, economic slowdown, and government policies. These factors have led to a significant impact on the Mexican economy, reflecting in the fluctuating dollar rates.