On Monday, June 16, the exchange rate for the U.S. dollar against the Mexican peso is set at 18.89 pesos per dollar in the interbank market, representing a slight decrease of 0.36%, according to Bloomberg data. This appreciation of the peso follows a week that was heavily influenced by geopolitical tensions impacting global financial markets.
Last Friday, the Mexican peso experienced a decline of over 1%, driven by a downturn in risk appetite after Israel launched attacks on military targets in Iran, which resulted in retaliatory actions from the Iranian regime and heightened uncertainty in international markets.
The average exchange rate of the dollar in Mexico is as follows:
Purchase: 18.49 pesos
Sale: 19.29 pesos
Additionally, here are the exchange rates offered by major banks in Mexico:
– Afirme:
– Purchase: 18.10
– Sale: 19.60
– Banco Azteca:
– Purchase: 18.25
– Sale: 19.49
– Banorte:
– Purchase: 17.75
– Sale: 19.30
– BBVA:
– Purchase: 17.87
– Sale: 19.41
– Citibanamex:
– Purchase: 18.36
– Sale: 19.42
Factors contributing to the strengthening of the Mexican peso against the dollar include domestic economic conditions, government policies, and broader international market trends. Despite the recent volatility, there remains hope that the peso can maintain its stability as market conditions evolve. With ongoing monitoring, the situation may lead to a more resilient financial outlook for the Mexican economy.