The Holy Week period in Mexico is being well served by a strengthening peso and a falling dollar. The Mexican peso has been on the rise while the dollar continues its downward trend, reaching its maximum weekly level. The National Bank of Mexico has set the exchange rate for today at $16.6780 MN, lower than the previous day, indicating good returns and stability during this period of high tourist movement.
According to Eldolar.info, the US dollar has seen a weekly loss of -0.41%, a monthly decrease of -2.28%, and a quarterly and yearly decrease of -1.76%. This trend has continued during the administrations of President Joe Biden and Mexican President Andrés Manuel López Obrador, with the dollar showing a decrease of -15.12% and -17.12% respectively.
For those looking to exchange dollars, the best indicator at the Bank of Mexico shows a purchase rate of $16,672 and a selling rate of $16,676. It is recommended to compare rates at different institutions to ensure the best deal. The dollar exchange rate is a widely consulted financial indicator globally, reflecting the level of globalization and international trade activities.