The Mexican peso closes the week higher; stability despite global tensions

At the close of the last session, The US dollar registered an average value of 18.97 Mexican pesos, which represented an increase of 0.44% compared to the previous close. , when the price was 18.88 pesos .

Over the past week, the US currency has experienced a 0.68% decline, although, on an annual basis, it still maintains a 3.42% appreciation.

This recent move ended a streak of two consecutive trading sessions with virtually flat performance. Regarding volatility, it has been lower than the average for the past year, which stood at 13.57%, suggesting a more stable environment in recent days.

READ: Mexican Stock Exchange closes with losses due to international crisis in the Middle East

During the day, the exchange rate fluctuated between 18.85 and 19.10 pesos, showing strength despite the challenging global environment, marked by events such as the Israeli attack on nuclear facilities in Iran, a fact that increased uncertainty in international markets.

The stability of the Mexican peso has been sustained by solid fundamentals such as the attractive interest rate differential, the steady inflow of remittances, and sustained interest in emerging market instruments.

Added to these factors are expectations of a possible relaxation of tariff policies between Mexico and the United States in the steel sector, which has helped maintain a favorable perception among investors.

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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