Home » The Mexican Peso Continues to Depreciate After Election Results: What is the Exchange Rate in Banks Today?

The Mexican Peso Continues to Depreciate After Election Results: What is the Exchange Rate in Banks Today?

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The Mexican Peso Continues to Depreciate After Election Results: What is the Exchange Rate in Banks Today?

The Mexican peso confronted depreciating worth on Thursday together with different currencies within the area, persevering with the downward pattern that started following Sunday’s elections. The worth of the greenback on June 6, 2024, began at 17.60 models per dollar. The home forex was quoted at 17.6070 per greenback, marking a 0.65% lower in comparison with the day gone by.

Since the elections, the peso has skilled a 3.6% loss after Claudia Sheinbaum’s victory within the presidential vote and the potential dominance of a coalition led by her get together in Congress, which might result in vital constitutional reforms. Market analysts expressed issues concerning the reform of the judicial department, which was seen as a counterweight to the chief department.

Investors have been additionally carefully watching the discharge of U.S. labor market figures on Friday, as they might affect the Federal Reserve’s future financial coverage choices.

The alternate charges at varied Mexican banks on June 6, 2024, have been as follows:
– BBVA Mexico: 16.71 pesos for buy and 17.84 pesos on the market
– Citibanamex: 17.00 pesos for buy and 17.98 pesos on the market
– Azteca Bank: 16.30 pesos for buy and 17.76 pesos on the market
– Banorte: 16.45 pesos for buy and 17.85 pesos on the market
– Affirm Bank: 16.60 pesos for buy and 18.10 pesos on the market
– Scotiabank: 15.50 pesos for buy and 18.90 pesos on the market
– Inbursa: 17.30 pesos for buy and 18.30 pesos on the market

These alternate charges have been reported at 8:30 a.m. with data sourced from Reuters.

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