He price of the US dollar in reference to the Mexican peso It is in the run-up to the market opening with a downward trend today, Tuesday, February 27.
During the Previous day, the US dollar suffered a depreciation of -0.17% against the Mexican peso. The Mexican currency is currently the third strongest of the 23 emerging market currencies.
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How did the Mexican peso rise today?
Prior to the market opening, Mexico’s national currency is trading in a range between a minimum of 17.08 and a maximum of 17.13 for each dollar. It is important to note that this amount varies minute by minute and must be consulted at the time the operation is carried out.
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How much is $1 dollar in Mexico?
He value of the dollar to Mexican peso, today Tuesday, February 27, for purchase is from 17.07 and for the sale 17.10. In this last year, The MXN depreciated – 6.85% against the US dollar. The variations in which the price ranged in the previous 12 months were between 16.6248 and 19.2348.
How is the dollar quoted in the main banks in Mexico?
The value of the US currency in the most important banking entities in Mexico is as follows:
Citibanmex: 17.90 pesos
Banorte: 17.56 pesos
BBVA: 17.59 pesos
Azteca Bank: 17.35 pesos.
What is Banxico and what is its impact on the MXN?
Banxico serves as Mexico’s central bank, providing the national currency (MXN) and placing a high priority on preserving its value over time. Established in 1925, Banxico also manages the country’s international reserves, acts as a lender of last resort for financial institutions, and provides economic and financial advice to the government. Banxico uses various tools and methods of monetary policy to achieve the set objective.