Published On: Thu, Aug 20th, 2015

For the first time in history, the American dollar brakes the barrier of 17 pesos

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The Mexican peso depreciates to a record low against the American dollar, and is being sold at $17 pesos in bank windows, showing an increase of 0.17 cents compared to Wednesday’s close of $16.83 pesos, and in some cases it has reached a price of 17.07 pesos per dollar, according to data from Banamex and Notimex.

For the first time in history, the dollar broke the barrier of 17 pesos, trading at 17.02 pesos per dollar, amid a widespread aversion to risk assets in international markets.

This situation takes place amid growing concerns about the global economy and following a further collapse of the stock exchange in China and oil prices.

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For the first time window operations in the dollar broke the barrier of 17 pesos (Image: El Financiero)

In the wholesale market, the peso depreciated 0.53 percent to a new record low of 16.7088 per dollar.

So far this year, 16 record lows have been established.

In its interbank value (valor interbancario) to 48 hours, the dollar was sold at 16.70 pesos and purchased at 16.69 pesos .

Mexico Travel Care

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