Today the euro is negotiated at the beginning of sessions 18.75 Mexican pesos on averagewhich represented a change of 0.14% compared to the price of the previous session, when it closed with 18.78 Mexican pesos on average.
Taking into account the last seven days, the euro marks a drop in 0.59%so that in year-on-year terms there is still a decrease in the 8.32%.
If we compare the value with past dates, it chains two successive days of decline. The volatility referring to the last week is clearly lower than the data achieved for the last year (10.45%), therefore its price is showing less changes than expected lately.
He Mexican peso Not only has it performed well against the US dollar, but it has also shown strength against the euro, considering the last year.
The Mexican currency, one of the few that has not depreciated against the dollar despite problems that affect the world such as inflation, has recorded its best numbers since its best streak in 2016.
Colloquially called as “superweight”the strength of the Mexican currency is largely due to the decisions of the Bank of Mexico (Banxico) regarding reference rates, at the same time increasing its attractiveness for investors.
With the stability achieved in public finances and remittances in 2023, the Government of Mexico has estimated that the remittance record for 2022 (US$58,487 million) could be broken.
By contrast, the euro has been approaching the parity of the dollar and has even come to be worth less than one dollar, a situation that has not been seen for 20 years, in part not only due to global inflation, but also due to the Russian invasion of Ukraine which brought with it the fall of raw materials.
The Mexican peso is the legal tender of Mexico and is the first currency in the world used by the $ signwhich was later taken up by the United States for the dollar.
The Mexican peso is the fifteenth most traded currency in the worldas well as the most traded in Latin America and the third on the continent only behind the US and Canadian dollars.
Currently the abbreviation is used MXN to talk about the Mexican peso, but before 1993 the acronym MXP was used.
The coins normally used in Mexico are semicircular in shape and have the national coat of arms on the reverse. One Mexican peso is equivalent to 100 cents. There are coins of 1, 5, 10 and 20 pesos; while in bills there are 20, 50, 100, 200, 500 and 1,000 pesos.