Mexican markets ended the week on a constructive be aware, as the worth of the greenback closed at 16.68 models on May 24, 2024. The Mexican peso appreciated by 0.20% in comparison with the day gone by, breaking a three-day dropping streak. Despite this, the forex recorded a weekly decline of 0.55%, however the outlook stays optimistic.
In distinction, new orders for capital items within the United States rebounded in April, signaling continued progress on the planet’s largest financial system. Speculative positions favoring the appreciation of the Mexican peso additionally rose on the Chicago Mercantile Exchange for the second consecutive week.
The benchmark S&P/BMV IPC inventory index recorded its fifth consecutive session of decline, falling by 0.90% to 55,413.12 factors. This marks the index’s worst weekly efficiency because the finish of 2022, with a cumulative drop of three.77%.
For these within the alternate charge in Mexican banks, the worth of the greenback as of May 24, 2024, is as follows:
– BBVA Mexico: 15.63 pesos for buy and 17.16 pesos on the market
– Citibanamex: 16.19 pesos for buy and 17.17 pesos on the market
– Azteca Bank: 16.00 pesos for buy and 17.44 pesos on the market
– Affirm Bank: 15.70 pesos for buy and 17.20 pesos on the market
– Scotiabank: 14.60 pesos for buy and 17.80 pesos on the market
– Inbursa: 16.40 pesos for buy and 18.00 pesos on the market
The alternate charges have been reported at 4:25 p.m. with info from Reuters.