Mexico: Opening of the dollar today, March 1

at the beginning of the day American dollar Pay at opening 20.47 Mexican Pesoso it was 0.05% compared to 20.46 Mexican pesos the day before.

Compared to last week, the American dollar record drop in 0.43%; However, in the past year still maintains a high 3.03%. Analyzing this data with those of the past days, it reflects the result of the previous day when it witnessed a decline of 1.14%, without being able to establish a clear trend in recent times. The volatility referring to last week is clearly higher than what it accumulated last year, so it is going through a phase of instability.

In the annual photo, American dollar It has changed a maximum of 20.83 Mexican pesos, while the lowest was 20.23 Mexican pesos. The American dollar Closer to its minimum value than to its maximum.

Overview of the Mexican Peso

The Mexican Peso It is the legal currency of Mexico and is the first currency in the world to use the $ sign, which was later used by the United States against the dollar.

Mexican Peso The fifteenth most traded currency in the worldthe first most traded in Latin America and third only at the continental level after the US dollar and the Canadian dollar.

Currently, the abbreviation MXN is used to speak of the Mexican peso, but before 1993 the abbreviation MXP was used.

The coins commonly used in Mexico are semicircular in shape and have the national coat of arms on the back. One Mexican Peso equals 100 cents. There are coins of 1, 5, 10 and 20 pesos; While in bills 20, 50, 100, 200, 500 and 1000 pesos.

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Factorial weight

Currently, the Mexican peso has seen a shake in its stability after the arrival of the SARS-CoV-2 epidemic in the world, in addition to other events that marked it as national elections and the United States, one of Mexico’s main trading partners. .

who can’t be controlled economic inflationalso as a result of COVID-19, which is keeping monetary policy on edge, has also left the peso in limbo in the face of an almost always strong dollar.

During 2021, the Mexican peso closed down 2.72% against the dollar, although it remained largely stable at trade flows Especially exports to the United States.

According to the forecasts of the Bank of Mexico (Banxico), by 2022 the Mexican peso is expected to rise and reach 9:34 pm. units per dollar.

Mexico announced the quarantine on March 23, 2020 before covid-19 pandemic And he kept only essential activities open, which means a severe impact on the economy that has not been able to fully recover.

Mexico’s economy, the second largest in Latin America after Brazil, grew by 5% in 2021, according to figures from the National Institute of Statistics and Geography (Inegi).

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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