Title: Stability in Exchange Rate between Dollar and Peso Persists
Subtitle: Peso Appreciates Against the Dollar, Offering Favorable Investment Climate
Date: July 11, 2023
The exchange rate between the dollar and the peso on Tuesday, July 11, 2023, remains stable and consistent with the previous week, according to Bloomberg. The Mexican peso stands firm, with its value fluctuating between a maximum of $18.80 pesos and a minimum of $15.95 pesos against the dollar.
As per the Bloomberg financial platform, the Bank of Mexico’s interest rate reduction could lead to a limited depreciation of the peso, beginning November of this year. This shift is attracting attention and could impact foreign investment decisions.
In recent times, the peso has outperformed numerous emerging market currencies against the dollar, firmly securing its position in third place. It has appreciated by an impressive 14.04% year-to-date, as reported by Bloomberg.
Price of the dollar this Tuesday, July 11, 2023
The US dollar commenced trading at $17.06 pesos this morning with a slight depreciation of -0.16% compared to the previous week. According to the Bloomberg financial platform, the dollar’s value fluctuated throughout the day, ranging between $15.95 pesos and $18.60 pesos.
It is worth noting that the Official Journal of the Federation confirms the exchange rate for the day at $17.06 pesos per dollar.
Price Today, Friday, Tuesday, July 11, 2023: the dollar in Mexican banks
Various Mexican banks are offering different rates for buying and selling dollars. Banorte offers the lowest buying rate at $15.95 pesos, while Inbursa offers the highest buying rate at $16.60 pesos. BBVA provides the lowest selling rate at $17.30 pesos, and Inbursa offers the highest selling rate at $18.60 pesos based on recent updates on the banks’ websites.
How do you buy the dollar today, Tuesday, July 11, 2023?
Several banks have specified their rates for buying dollars on this day. Afirme offers a rate of $16.10 pesos, Banco Azteca at $16.50 pesos, Banorte at $15.95 pesos, BBVA at $16.39 pesos, Citibanamex at $16.53 pesos, and Inbursa at $16.60 pesos.
Sale price of the dollar today, Tuesday, July 11, 2023
When it comes to selling the dollar, Afirme quotes $17.60 pesos, Banco Azteca at $17.39 pesos, Banorte at $17.35 pesos, BBVA at $17.30 pesos, Citibanamex at $17.48 pesos, and Inbursa at $18.60 pesos.
How is the euro estimated today, Tuesday, July 11, 2023?
The euro is trading at various rates against the peso. BBVA has the lowest buying rate at $17.05 pesos, while Citibanamex has the highest buying rate at $18.74 pesos. Banorte is offering the lowest selling rate at $19.10 pesos, and Inbursa has the highest selling rate at $20.00 pesos.
Azteca Bank: Buy $17.95 pesos | Sale $19.74 pesos
Banorte: Buy $18.20 pesos | Sale $19.10 pesos
BBVA: Buy $17.05 pesos | Sale $19.36 pesos
Citibanamex: Buy $18.74 pesos | Sale $18.75 pesos
Inbursa: Buy: $18.30 pesos | Sale $20.00 pesos
Overall, the exchange rate between the dollar and the peso remains stable, with the Mexican currency appreciating against the dollar. These market conditions present promising opportunities for investors and individuals engaging in foreign exchange transactions.