Mexico’s beleaguered peso fell to its lowest level since February on Tuesday June 13, weakening to below the 19 peso per dollar level as jitters over fears Britain may vote next week to leave the European Union hurt the Mexican currency.
Traders were also cautious ahead of a U.S. Federal Reserve meeting this week, with an oil price slump also biting. The peso reached as low as 19.025 per dollar, but later pared losses, to trade down 0.87 percent at 18.998 pesos per dollar.
In bank branches, the US dollar stood at 19.30 in Banco del Bajio, while Monex BanRegio was selling at 19.25 pesos. Other institutions such as Banamex, BBVA Bancomer, Santander and Banorte were selling in the range of 19.05 to 19.14 pesos per US dollar.
In Mexico City International Airport exchange centers, the average sale price was 19.11 pesos per dollar and was bought at 17.72 pesos. The highest price of dollar sale was 19.15 pesos, while for purchase the lowest cost was 17.70 pesos.
The Bank of Mexico reported that the exchange rate for Tuesday was 18.7915 pesos per US dollar. At the close of Monday’s session, the peso ended with a loss of 1.09 percent, trading around 18.83 pesos.
According to the UBS Financial Group, the spot exchange rate would see levels of up to 19.25 pesos until the end of the third quarter, which would mean peso levels above 19.50 in the retail market.
more recommended stories
“Alberto” First tropical storm of the year forms east of the Yucatan Peninsula
The first Tropical Storm of 2018.
Number of visitors to Yucatan’s archaeological zones keeps growing
Yucatán has reported an increase in.
Progreso police officers confuse famous rappers with criminals
On Wednesday May 23rd, agents of.
Mexico will not renegotiate NAFTA under pressure, makes new offer instead
Mexico will not buckle to pressure.
Campeche: the oil dream is over, it’s time to wake up to a Tourism Reality
Campeche begins to wake up. Gone.
Regulation: the next step for Mexico’s gambling industry?
It’s considered an inspiring holiday destination,.
Why a career in the healthcare sector is a good choice?
If you want a career that’s.
World Turtle Day is celebrated on May 23
Since the year 2000, World Turtle.
Russian bots favor AMLO
It has already been 16 months.
CNN: Trump cancels Singapore summit in letter to Kim Jong Un
According to CNN, President Donald Trump will.