The Mexican peso appreciates in this Friday’s session, so the price of the dollar today May 3, 2024 It starts at 16.89 units for each greenback; find out here what the exchange rate in Mexican banks.
The Mexican currency registers a advance of 0.44% compared to Thursday’s reference price, in its third consecutive day of gains. During the week, the Mexican peso added 1.45% return.
The good performance of the Mexican peso today occurs against a global decline of the dollar following the release of a weak US labor market report that fueled bets that the Federal Reserve (Fed) would cut interest rates earlier than expected and more strongly.
Following the report, traders increased bets that the Fed will apply its first rate cut in September, instead of November. The market also now expects two interest rate cuts of 25 basis points this year, down from one before the data was released.
Price of the dollar in Mexican banks today May 3, 2024
The price of dollar today May 3, 2024 in Mexican banks* starts at:
- BBVA Mexico – 16.07 pesos for purchase and 17.20 pesos for sale
- Citibanamex – 16.43 pesos for purchase and 17.34 pesos for sale
- Azteca Bank – 16.00 pesos for purchase and 17.64 pesos for sale
- Banorte – 15.80 pesos for purchase and 17.25 pesos for sale
- Affirm Bank – 16.00 pesos for purchase and 17.50 pesos for sale
- Scotiabank – 15.10 pesos for purchase and 18.00 pesos for sale
- Inbursa – 16.50 pesos for purchase and 18.00 pesos for sale
*Exchange rate at 08:20 hours
With information from Reuters
vjcm
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2024-05-03 16:41:51