Mexican peso is the WINNER at the end of the day
The Mexican peso ended the week with a mixed performance against the dollar in a session characterized by high intraday volatility.
During the morning, the local currency appreciated against the dollar, reaching a high of 19.24 pesos per dollar. However, in the afternoon it reversed direction and closed near the 19.25 pesos per dollar, registering a slight gain of 0.30%.
READ: Wall Street falls after Trump threatens to impose 50% tariffs on the European UnionThe exchange rate on Friday, May 23, ranged between 19.24 and 19.37 pesos per dollar. These movements were primarily influenced by internal factors, although certain pressures from the international sphere were also perceived.
Regarding behavior in the last seven days, The US dollar has shown a fall of 1.27%. However, over a one-year period, the US currency still shows a cumulative increase of 9.68%.
Where to buy or sell the dollar?It's recommended to visit places regulated by the authorities to avoid fraud. Also, keep in mind that the exchange rate varies depending on the bank or exchange office, and you should also check the commission they charge.
- Banks: If you are a customer, you can purchase up to four thousand dollars.
- Currency Exchange: The purchase limit is $1,500.
- Online platforms.
- ETFs (Exchange-Traded Funds).
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