The Mexican peso started with a this Thursday, September 21st 0.61% depreciation against the dollar. At the end of the previous day, the local currency depreciated by 0.11% against the dollar and was quoted at 17.09 units per greenback, according to the Bank of Mexico at 5:07 p.m. the day before.
The Director of Economic and Financial Analysis of Banco Base, Gabriela Siller, stated that the market viewed the Fed’s statement as hawkish; For this reason, he said, the peso depreciated slightly and stock market indices in the United States recorded losses.
The Fed has left its interest rate forecast for this year at 5.6%, implying that there will be another rate hike; raises the forecast for 2024 to 5.1% from the 4.6% forecast in June
Gabriela Siller
How is the dollar behaving today?
The US dollar will trade on the morning of this Thursday, September 21st 17.20 pesos per dollar, with the exchange rate a minimum of 17.0665 and a maximum of 17.2500 pesos per dollar. The DOF marks it 17.02 pesos per dollar.
He Exchange rate value It becomes an essential part of any economic system and plays an extremely important role in Mexico. The exchange rate has a profound influence on many aspects of economic and social life.
When the national currency is devalued, it leads to a Increase in the cost of imported products and services, This has a direct impact on both the internal price structure and the purchasing power of consumers.
Additionally, an unfavorable exchange rate can contribute to the creation of a trade deficit as imports become more expensive.. The balance in the trade balance, Becoming a pillar for the country’s economic stability then becomes essential.
In the context of Mexico, it is undeniable that exchange rate fluctuations are not just a financial problem, but an element that shapes economic and social dynamics as a whole.
How to buy the dollar today, Thursday, September 21, August 2023?
- Claims: $16.10
- Azteca Bench: $16.35
- BBVA: $16.44
- Citibanamex: $16.59
- Scotiabank: $16.30
Dollar selling price today Thursday September 21, 2023
- Claims: $17.60
- Azteca Bench: $17.34
- BBVA: $17.35
- Citibanamex: $17.51
- Scotiabank: $18.20
