After opening markets euro It is quoted in today’s session 22.08 Mexican pesos on averagewhich meant a 0.88% change compared to the price of the previous day, when it stood at 22.28 pesos.
Regarding the last week, the euro It records a 0.25% decrease although, on the contrary, for a year it still maintains an increase in 12,3%.
In relation to past days, he interrupts with the positive streak of market contributions of the last four days. In reference to the volatility of the last week, it is visibly lower than the figure achieved for the last year (13.17%), so we can say that it is going through a period of greater stability lately.
He Mexican weight Not only has he had a good performance against the US dollar, but he has also shown strength to the euro, considering the last year.
The Mexican currency, one of the few that have not depreciated against the dollar despite problems that affect worldwide such as inflation, has registered its best numbers since its best streak in 2016.
Colloquially called as “SUPERPEO”the strength of the Mexican currency is largely due to the decisions of the Bank of Mexico (Banxico) with respect to reference rates, at the same time increasing the attractiveness for investors.
With the stability achieved this 2023 in public finances and remittances, the Government of Mexico has estimated that the remittance record of 2022 (58,487 million dollars) could be beaten.
In contrast, The euro It has been approaching the parity of the dollar and has even asserted less than a dollar, a situation that has not been seen for 20 years, partly not only because of world inflation, but also because of the Russia invasion to Ukraine that brought with it the fall of raw materials.
-The weight-dollar ratio during 2024 was marked by contrasts. The year began with the Mexican currency strengthened before the American currency. The green ticket was sold at 16 pesos per unit, something that did not happen in almost a decade. The “superpent” nickname was more than ever.
However, as progressing the weight was depreciated due, mainly, to political decisions, such as the controversial reform of the Judiciary and the elimination of autonomous organs.
The setback of the Aztec currency worsened with Donald Trump’s campaign, his electoral victory as president of the United States and his threats to put tariffs on all Mexican products – and Canadians – if Mexico did not improve border security.
It was so that the dollar returned at 20 pesos, leaving far from the forecasts of the Bank of Mexico (Banxico).
By 2025, Banxico hopes that the dollar cite on an average that goes From 20.24 pesos and up to 20.69 pesosa conservative forecast considering the repercussions that Trump’s sayings and policies in the White House would bring for the type of changes.
Inflation was relatively stable in 2024 around between 4%, except for June when it almost reaches 6%, according to data from the National Institute of Statistics and Geography (INEGI).
In this year, Banxico forecasts that inflation will be below the four points up to 3.8%.
As for the growth of the Gross Domestic Product (GDP), the low forecasts are maintained. The Central Bank Wait A GDP rise of just 1.2%.
