Home » Mexican Peso Retreats as Dollar Closes at 16.93 Units: Exchange Rates in Banks Revealed

Mexican Peso Retreats as Dollar Closes at 16.93 Units: Exchange Rates in Banks Revealed

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Mexican Peso Retreats as Dollar Closes at 16.93 Units: Exchange Rates in Banks Revealed

The Mexican peso weakened on Wednesday, whereas the Mexican inventory change rebounded from early losses. The value of the greenback on May 29, 2024, closed at 16.93 items per buck. The session was influenced by the central financial institution’s elevated inflation expectations for Mexico this 12 months, together with a discount within the nation’s development forecast.

The native forex ended at 16.9370 per greenback, marking a 0.94% depreciation in comparison with the day gone by. Analysts predict a lower in market positions in favor of the peso within the coming days, citing potential volatility following the upcoming elections.

The S&P/BMV IPC index in Mexico noticed a marginal 0.05% improve to 55,212.64 factors, after initially dropping by 1.5% within the morning. Mexican banks reported the next change charges for the greenback on May 29, 2024:

– BBVA Mexico: 16.12 pesos (buy) and 17.26 pesos (sale)
– Citibanamex: 16.45 pesos (buy) and 17.39 pesos (sale)
– Azteca Bank: 16.00 pesos (buy) and 17.61 pesos (sale)
– Banorte: 15.85 pesos (buy) and 17.25 pesos (sale)
– Affirm Bank: 16.00 pesos (buy) and 17.50 pesos (sale)
– Scotiabank: 14.50 pesos (buy) and 17.80 pesos (sale)
– Inbursa: 16.4 pesos (buy) and 18.00 pesos (sale)

These change charges have been reported at 08:34 hours with info sourced from Reuters.

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