The Mexican peso and the Mexican Stock Exchange gained strength on Wednesday after the Federal Reserve kept interest rates unchanged. As a result, the price of the dollar on March 20, 2024, closed at 16.67 units for each greenback. Locally, all eyes are on Thursday’s monetary policy announcement by the Bank of Mexico, where a reduction in the cost of credits is expected for the first time since mid-2021.
The Mexican peso ended at 16.6733 per dollar, marking a 0.77% appreciation compared to the Reuters reference price on Tuesday. The benchmark S&P/BMV IPC stock index also saw a significant jump of 1.93% to 56,618.01 points, its best session since mid-December.
The price of the dollar in Mexican banks on March 20, 2024, is as follows:
– BBVA Mexico: 15.82 pesos for purchase and 16.96 pesos for sale
– Citibanamex: 16.21 pesos for purchase and 17.14 pesos for sale
– Azteca Bank: 15.85 pesos for purchase and 17.26 pesos for sale
– Banorte: 15.60 pesos for purchase and 17.00 pesos for sale
– Affirm Bank: 15.80 pesos for purchase and 17.20 pesos for sale
– Scotiabank: 14.50 pesos for purchase and 17.80 pesos for sale
– Inbursa: 16.80 pesos for purchase and 17.80 pesos for sale
This information is as of 5:00 p.m. and is sourced from Reuters.