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
The Yucatecan dish ‘Kaaxil Sikil’ reaches national contest’s finals
Mérida, Yucatán, (June 16, 2021).- The.
World Sea Turtle Day: Meet those species that arrive in Yucatán
Three species arrive every year ashore,.
Tropical storm poses a massive threat to the US East Coast
Severe weather and a tropical storm will.
US President Joe Biden names nominee for Ambassador to Mexico
On Tuesday, June 15th, Joe Biden.
AMLO announces that he will make the National Guard part of the Mexican Army
MEXICO CITY (AP) — Mexico’s president.
Mexico’s Zapatista rebels complain they can’t get passports
MEXICO CITY (AP) — Indigenous rebels.
German Expat goes missing in Cancun
Regine Roessler is reported missing in.
Chinese brand “vivo” arrives in Mexico: more competition for the domestic smartphone market
That’s great, but what is vivo?.
Police and firefighters rescued a dog stuck in a fence
Tizimín, Yucatán, (June 15, 2021) .- Agents.
Yucatecans 50 to 59 years old receive second dose of Covid-19
Mérida, Yucatán, (June 15, 2021).- People.