Table of Contents
- 1 How did the dollar behave in the third week of November?
- 2 How is the dollar quoted in Mexican banks?
- 3 **Given Mr. Garcia’s insights into the domestic factors influencing the peso’s depreciation, what actionable strategies can the Mexican government implement to stabilize the currency and mitigate the negative consequences of a strong US dollar?**
Written in BUSINESS he 24/11/2024 · 08:15 hs
The Mexican peso starts another day on the left foot, after the political conflicts around the world and the new government in the country of the United States.
Today Sunday On November 24, the dollar is quoted at a price of 20.40 pesos per unit. According to official data from the economic agencies, this represents a depreciation of 0.40 percent before previous days.
This volatility of the Mexican currency shows uncertainty in the financial markets and the possible actions that experts will take towards the end of 2024.
Price of the dollar today, November 24
How did the dollar behave in the third week of November?
During this last week, The Mexican currency registered a depreciation of 3.56 percent against the dollar. On Friday it closed with a price of 20.38 pesos, marking its highest level in several months.
According to experts, the strength of the US dollar has reached levels not seen in the last 12 months, with an increase of 13.15 percent; Therefore, they predict that the consequences of this strengthening could be felt in various sectors of the global economy.
How is the dollar quoted in Mexican banks?
Citibanamex: Purchase at 19.74 pesos | sale at 20.87 pesos.
BBVA Bancomer: Purchase at 19.45 pesos | sale at 20.79 pesos.
Banco Azteca: Purchase at 19.15 pesos | sale at 20.80 pesos.
Banorte: Purchase at 19.05 pesos | sale at 20.65 pesos.
Inbursa: Buy at 20.00 pesos | sale at 21.00 pesos.
Affirm: Buy at 19.40 pesos | sale at 20.90 pesos?
Bank of America: Purchase at 19.3424 pesos | sale at 21.5983 pesos.
CiBanco: Purchase at 19.31 pesos | sale at 19.31 pesos.
Mexican peso vs dollar November 24
**Given Mr. Garcia’s insights into the domestic factors influencing the peso’s depreciation, what actionable strategies can the Mexican government implement to stabilize the currency and mitigate the negative consequences of a strong US dollar?**
## Interview: The Mexican Peso’s Turbulent November
**Welcome to World Today News. Today, we’re discussing the recent volatility of the Mexican peso against the US dollar. Joining us are two experts to shed light on the current situation.**
**Introducing Dr. Maria Ramirez, an economist specializing in international finance, and Mr. Juan Garcia, a financial analyst with extensive experience in the Mexican market.**
**Dr. Ramirez, let’s start with the big picture. The article mentions political conflicts around the world and the new US government as contributing factors to the peso’s decline. Can you elaborate on this interplay between global politics and currency fluctuations?**
**(Dr. Ramirez responds, providing insights on geopolitical tensions, economic policies of different nations, and their impact on currency values.)**
**Mr. Garcia, we see a significant depreciation of the peso in the past week. Could you delve deeper into the specific events or economic indicators that have contributed to this downward trend?**
**(Mr. Garcia discusses recent economic data, investor sentiment, and market reactions to specific events.)**
**Dr. Ramirez, the article highlights the strengthening of the US dollar, reaching a 12-month high. What are the potential global implications of a strong US dollar, particularly for emerging economies like Mexico?**
**(Dr. Ramirez discusses consequences like increased debt burdens for developing countries, potential impact on trade, and challenges for local industries due to import costs.)**
**Mr. Garcia, let’s move to the domestic landscape. The article mentions various banks and their buying and selling rates for the dollar. What insights can you offer about the variations in these rates, and what do they reveal about the market’s current state?**
**(Mr. Garcia explains the factors behind the different exchange rates offered by banks, including supply and demand dynamics, individual bank strategies, and risk aversion.)**
**Looking ahead, Dr. Ramirez, what are your predictions for the Mexican peso in the final weeks of 2024, particularly in light of the ongoing global uncertainties?**
**(Dr. Ramirez provides a cautious outlook, highlighting potential risks and opportunities, while emphasizing the need for vigilance and careful economic management.)**
**Mr. Garcia, what advice would you offer individuals and businesses in Mexico who are dealing with the current currency fluctuation?**
**(Mr. Garcia provides practical tips for mitigating risks, exploring hedging strategies, and making informed financial decisions in a volatile market.)**
**Thank you, Dr. Ramirez and Mr. Garcia, for providing such valuable insights. This discussion sheds light on the complex factors influencing the Mexican peso and its implications for the broader economy.**
Let me know if there’s anything else you’d like me to focus on or adjust in this interview outline!
