A Weekend of Success for the Mexican Peso
A relaxed weekend like I hadn’t had for years, records the Mexican peso Given the power achieved during the week that closed, and that led him to play his best level so far in 2023 and in the last seven years.
The Exchange Rate for the Weekend
The Banco Nacional de México set the exchange rate for the weekend at $17.1762 MN. The equivalence of the Mexican peso with other foreign currencies will be calculated based on the current exchange rate for the latter against the US dollar in international markets on the day the payment is made. These quotes will be made known, at the request of the interested parties, by the country’s credit institutions.
Historical Comparison
According to the files of the Official Gazette of the Federation, on a day like today, but in 2022, the exchange rate was set by the Bank of Mexico at $20.5728 MN. In 2021, $20.0588 MN was notified, in both cases with a distance difference from what this 2023 is established.
Current Exchange Rate
Today the average exchange rate was set by financial institutions and exchange houses at $17.1603 (yesterday it was $17.1669). On purchase, the green ticket remains at $16.7085 and on sale at 17,612 pesos; tomorrow it could arrive with an average of 17.11395, to be sold at 17.1146 and bought at 17.1133 pesos.
Analysis of the US Dollar Movements
When analyzing the movements that the US currency has had, according to the specialized page on the subject Eldolar.info, it is indicated that the week closed with a -0.87% loss; in the month it reports a fall of -2.69%; the quarter has a -4.52% decrease and so far this year, the dollar has depreciated -11.5%.
Comparison with Previous Administrations
During the Joe Biden administration, president of the United States, the green ticket has fallen -11.5%, while in that of the Mexican president Andrés Manuel López Obrador it has fallen -14.59%. The same page indicates in its files that such a strengthened peso had not been seen since May 2016, when the exchange rate was maintained at $17.0743.
Best Indicators at the Bank of Mexico
If what you need is to change the dollars you have saved for a trip, investment or other situation, today you can go to the Bank of Mexico, which has the best indicators for purchase at 17.1395 and 17.146 pesos, respectively.
Consider Your Options
Those who are going to buy or sell dollars, make some other transaction under this denomination, or are preparing to exchange pesos to travel, the recommendation is to first check where they offer a better price and go where it is most convenient.
The Importance of the Dollar Exchange Rate
The dollar exchange rate is one of the most consulted financial indicators worldwide, regardless of the country in which one is, due to the level of globalization that exists today and the large number of commercial activities between individuals, companies, and governments internationally.
Stay Informed
See how the exchange rate has been established so far this month and the projection by financial entities; Do the math and be prepared if you are going to travel or buy something with the US currency.