The value of the dollar in Mexico opened on March 7 from USD to MXN

at the beginning of the day American dollar It is traded upon opening 21.14 Mexican Pesowhich means an increase of 0.83% compared to 20.97 Mexican pesos the day before.

last week , American dollar recorded an increase in 2.42%so that it still maintains an increase in 5.91%. In relation to the previous days, it sequences three consecutive sessions on the rise. The volatility in the past seven days was slightly lower than the data obtained for the last year (9%), so that there are fewer differences than expected at this last stage.

In the annual photo, American dollar It was paid a maximum of 21.14 Mexican pesos, while the lowest was 20.23 Mexican pesos.

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 worldas well as the most traded in Latin America and the third on the continental level only 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 usually used in Mexico are semi-circular 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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Punches for weight

Currently, the Mexican peso has seen its balance shake 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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