

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.
Sources:
Comments
more recommended stories
The surprising similarities between AMLO and Jair Bolsonaro (The Economist)
Their ideologies clash, but their ways.
Abandoned puppy rescued by officers of the Public Security Secretariat (SSP)
An abandoned puppy was rescued by.
Mexico announce plan to recover the value of its native species
Mexico’s Minister of Agriculture and Rural.
84 municipalities of the Yucatan Peninsula to vote on Tren Maya Project this weekend
Residents of 84 municipalities on the.
“Noche Blanca” diverse contemporary art scene takes over the streets of Mérida tonight!
Tonight, Saturday December 14th, La Noche.
Explosion shakes Merida’s Francisco de Montejo neighborhood
MÉRIDA (Times Media Mexico).- The Public Security.
ABC says García Luna’s arrest was just a matter of time
ABC News says Mexico’s former security.
Playa Hotels & Resorts names new Vice President of Revenue Management
FT. LAUDERDALE, FL (December 13, 2019) –.
Chinese migrants found hiding in appliances at Mexico-U.S crossing
Eleven Chinese migrants were discovered hiding.
Chichén & Machu Picchu join in brotherhood
VALLADOLID (Times Media Mexico).- The union between two.
Leave a Comment