From dollar to Mexican peso: how much the currency is trading this Thursday, May 23

From dollar to Mexican peso: how much the currency is trading this Thursday, May 23
From dollar to Mexican peso: how much the currency is trading this Thursday, May 23

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This Thursday, May 23, the price of the dollar in Mexico is $16.6405according to the Official Gazette of the Federation (DOF), while the one sold at the Citibanamex counters is an average of $16.59. Below, the price of the day of the date.

The economic portal Bloomberg indicated that the US dollar has the following values ​​expressed in Mexican pesos:

From dollar to Mexican peso, this is how the US currency is quoted today, May 23, 2024freepik

According to the quote published by the specialized site The Dollar Info, the price of the dollar in Mexico The day started on Thursday, May 23 as follows:

Markets and currencies: Mexico’s economy moves this Thursdaygetty

For tourists visiting the country, it is important to note that the dollar rate in exchange houses Benito Juárez International Airport of Mexico City, this Thursday, May 23, it is reported in ranges of $16.67 for sale.

The Mexican peso appreciates after the publication of key figures on the economywhich could delay the rate reduction by the Bank of Mexico. In the spot market, the dollar is trading at $16.63 pesos per unit at 6:16 (Mexico City time), with an appreciation of 0.15%.

The rise in the peso coincides with a weakening of the dollar against other currencies, with the dollar index fell by 0.26% at 6:17 (Mexico City time). Yesterday, the dollar closed at $16.65 pesos, a depreciation of 0.12% compared to the previous day. So far this year, the peso has strengthened 2% against the dollarwith an average exchange rate of $16.90.

The price of the dollar in Mexico today, Thursday, May 23Photo by Alexander Gray on Unsplash

The INEGI reported that in the first half of May 2024, the INPC decreased 0.21%, while annual inflation was 4.78%. The underlying price index increased 0.15%, biweekly; and 4.31% annually. While the non-core index fell 1.31% biweekly; but it rose 6.27% annually. The prices of agricultural products rose 0.43%, and energy prices and authorized rates fell 2.86%.

In the first quarter of 2024, GDP grew 0.3% quarterly. Primary activities increased 1.7%, tertiary activities 0.6%, and secondary activities decreased 0.5%. Annually, GDP rose 1.9%with increases in tertiary activities of 2.4%, secondary activities of 1.5%, and primary activities of 0.7%. The IGAE increased 0.3% in March 2024 and 3.3% annually, with increases in primary activities of 4%, tertiary activities of 3.8%, and secondary activities of 2.1%.

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