Dollar in Mexico: the US currency continues to depreciate in the Aztec market

The dollar continues with a downward trend, against its Mexican pair, on the last day of the week.

Photo: Justin Sullivan/Getty Images

This Friday, the last exchange day of the week, the dollar continues to lose ground against its peer, the Mexican peso. A new day of appreciation for the Mexican currency allows it to approach the minimum of the year 2021, of 19.55. Keeping the price below 20 pesos per dollar, at a price of 19.71 pesos per dollar unit.

at the bank window, for the purchase the US currency is at a price of 19.48 and for sale the price is 19.95 pesos per dollar. This week highlighted the decline in the futures market in the United States.

The greenback has accumulated a fall of 2.68% so far this month, against the Mexican peso. And in other economic data, In the US, personal savings decreased by more than 4%, a level not seen since 2008. While the GDP in the United States for the first quarter of 2022 contracted 1.5%, due to negative figures for exports and government spending.

Inflation continues to be a concern in the markets, and the US central bank tries to cool it at all costs. At the same time, the US government openly recognizes the risk of “recession, given high inflation. For its part, the Congressional Budget Office predicted that high inflation will continue until 2023.

This Monday, the markets will remain closed for Memorial Day.

You can follow the price of the dollar in the Mexican market during the day this Monday and in real time. You can also compare prices to find the best rate for your remittance through the following indicators.

– Updated report of the dollar in the Bank of Mexico: Exchange rate in Banxico.
– Average variation of the dollar in the different Mexican financial institutions: Price of the dollar in Mexican banks.
– Compare the dollar price for remittance transfers to Mexico from the United States with the best sending companies: Compare prices.
– You can also follow the price of the main cryptocurrencies in the market in real time. Cryptocurrencies go back and bitcoin falls below the $30,000 floor. Cryptocurrency price.