He Mexican peso continues to fall after the presidential electionsrecording its worst session because the pandemic at half-time. Right this moment, June 3, 2024, The greenback is quoted at 17.58 pesos
The Mexican foreign money has depreciated 3.46 p.c in comparison with Friday’s reference value, marking its largest each day loss since June 2020, when the consequences of Covid-19 affected buyers.
The uncertainty has additionally impacted the Mexican Inventory Trade (BMV), which has fallen 5.06 p.c to 52,385.96 factors, its worst decline since March 2020. This fall is as a result of collapse of the shares of among the essential monetary teams, amid rumors of potential tax adjustments by the brand new authorities.
The shares of the Regional financial institution (Banregio), Banco del Bajío and Grupo Financiero Banorte have fallen greater than 11%.
Claudia Sheinbaum, digital winner, received within the 2024 elections with between 58.3 p.c and 60.7 p.c of the votes, in response to the INE fast depend, and who may turn into the primary feminine president of Mexico. Though his victory was anticipated by the markets, the robust assist that his get together, Morena, seems to obtain in Congress has shocked many buyers.
The place to purchase or promote the greenback?
It is suggested to attend locations which are regulated by the authorities to keep away from fraud. Moreover, you need to have in mind that the trade charge varies in response to every financial institution or trade home, in addition to see the fee they cost.
- Banks: In case you are a buyer you should buy as much as 4 thousand {dollars}.
- Trade homes: The acquisition restrict is 1,500 {dollars}.
- On-line platforms.
- ETFs (Trade-Traded Funds or Trade-Traded Funds).
Worth of greenback right now June 3, 2024
The value of the greenback right now, June 3, 2024, in Mexican banks* is at:
- BBVA Mexico – 16.87 pesos for buy and 18.00 pesos on the market
- Citibanamex – 17.19 pesos for buy and 18.17 pesos on the market
- Banco Azteca – 16.20 pesos for buy and 17.96 pesos on the market
- Banorte – 16.55 pesos for buy and 17.95 pesos on the market
- Banca Afirme – 16.70 pesos for buy and 18.20 pesos on the market
- Scotiabank – 15.00 pesos for buy and 18.40 pesos on the market
- Inbursa – 17.00 pesos for buy and 18.00 pesos on the market
*Trade charge at 2:12 p.m.
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