This Monday, October 21, the price of the dollar in Mexico is $19.9313according to the Official Gazette of the Federation (DOF), while the one sold through the Citibanamex windows is an average of $19,795. Below, the price of the day of the date.
The economic portal Bloomberg noted that the US dollar has the following values expressed in Mexican pesos:
From dollar to Mexican peso; the quote for this Monday, October 21Pexels
According to the quote published by the specialized site The Dollar Info, the price of the dollar in Mexico The day on Monday, October 21, started as follows:
From dollar to Mexican peso: how much the currency is trading at this MondayUnsplash
For tourists visiting the country, it is important to note that the price of the dollar in exchange offices at the Benito Juárez International Airport of Mexico City this Monday, October 21, it is reported in ranges of $19.91 for sale.
From dollar to Mexican peso: the price for Monday the 21stUnsplash
He dollar price is quoted at $20.03 Mexican pesos in the spot market, which allowed it to represent a 0.73% depreciation of the Mexican currency compared to Friday’s closing, after it stood at $19.87 pesos per unit. Monex analysts point out that the peso is approaching the psychological resistance of $20.00, amid Donald Trump’s advance in the US election polls. The Republican candidate’s aggressive tariff proposals could affect the Mexican economy and the benefits of nearshoring in the country.
The National Institute of Statistics and Geography (INEGI) presents the results of the Timely Indicator of Economic Activity (IOAE), which anticipates an increase of 0.5% in the Global Indicator of Economic Activity (IGAE) for September 2024 in annual comparison. An annual decrease of 0.5% is expected in secondary activities and an increase of 0.9% in tertiary activities, which reflects a moderate recovery in certain sectors of the economy.
In addition, Chinese banks have cut their benchmark interest rates for loans, as part of measures aimed at reviving economic growth and halting the decline in the property market. The prime rate on one-year loans was reduced to 3.10% from 3.35%, and the five-year rate to 3.60% from 3.85%. These actions could influence international markets and affect investors’ expectations for this Monday.
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