BusinessMexican peso surprises by breaking the barrier of $19 pesos per dollar

    Mexican peso surprises by breaking the barrier of $19 pesos per dollar

    The Mexican peso has performed well in the last yearbut this Wednesday it managed to break the barrier of $19 units per dollar.

    The market report indicates that a dollar costs $18.96 Mexican pesos wholesalethe measure that is taken as a basis for large transactions and that is essential in commercial exchange.

    However, the price does not vary much with respect to small transactions, such as sending currency to Mexico.

    According to Western Union, this Wednesday the shipment of a dollar to Mexico would be charged at $18.88 pesos.

    Read Also:   Amazon announces more mass layoffs in 2023, says its CEO

    The drop in the dollar in Mexico coincides with the Summit of North American Leaders that took place in Mexico City and allowed various economic agreements between the three countries.

    It emphasizes that the governments of the president Joe Biden and his Mexican counterpart Andres Manuel Lopez Obrador They will add plans to boost the production of semiconductors or chips, with investments near the border.

    Part of that breakthrough will occur with the Tax incentives from the Reduce Inflation Act and the CHIPS and Science Act approved last year in the US

    Read Also:   Consumers did not lower their spending in July, although their priorities are no longer the same as before

    The Mexican peso has had a robust performance, compared to other currencies worldwide, due to inflation that has even affected the US.

    After two years of record outflows of foreign capital, Mexico’s economy recovered in 2022 with the return of investments.

    It may interest you: Price of the dollar: how much is it trading today, January 10, in Mexico, Honduras, Nicaragua, Costa Rica, the Dominican Republic and Venezuela

    Source: La Opinion

    This post is posted by Awutar staff members. Awutar is a global multimedia website. Our Email: [email protected]


    Please enter your comment!
    Please enter your name here

    3 + 5 =

    Subscribe & Get Latest News