Home » Price of the dollar to the Mexican peso today, Tuesday, March 5, 2024: how much is the exchange rate in the market

Price of the dollar to the Mexican peso today, Tuesday, March 5, 2024: how much is the exchange rate in the market

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Price of the dollar to the Mexican peso today, Tuesday, March 5, 2024: how much is the exchange rate in the market

He price of the US dollar in reference to the Mexican peso at the market opening today, Tuesday March 5, is in a downward trend.

EThe US dollar suffered a depreciation of -0.19% yesterday 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?

The national currency of Mexico is trading, today, Tuesday, March 5, in a range between minimum of 16.97 and maximum of 17.02 for every 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, March 5, for purchase, it is 16.97 and for the sale 17.02. In this last year, The MXN depreciated – 5.17% 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: 17.51 pesos
Banorte: 17.35 pesos
BBVA: 17.33 pesos
Azteca Bank: 17.85 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.

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