Dollar: Today, March 15 closes in Mexico

The US dollar traded at its closing price at 20.82 Mexican pesos, which showed a decrease of 0.36% compared to the previous day's figure when it traded at 20.90 Mexican pesos.

Taking into account last week's data, the US dollar accumulates a decrease of 0.38%. However, it still maintains a 5.55% increase compared to the previous year. Regarding today's change from the previous day, the direction of the previous figure has changed, which has risen 0.1%, proving that it is not possible to consolidate a clear trend in recent years. The volatility of the past week showed a noticeably higher return than the volatility reflected in last year's figures, so it is undergoing a phase of instability.

annual photo, the US dollar turned into 21.36 Mexican pesos, and the lowest level was 20.23 Mexican pesos. The US dollar is closer to its maximum than its low.

Mexican peso panorama

The Mexican peso is the legal tender of Mexico and is the first currency in the world to use the $ symbol, which was later adopted by the United States in dollars.

Mexican peso is the 15th most traded currency in the world, the most traded in Latin America, the third most widely traded currency in Latin America, and the third most traded currency at the continental level, after the US and Canadian dollars.

Currently, the abbreviation MXN is used to talk about the Mexican peso, but before 1993, the abbreviation MXP was used.

The coins commonly used in Mexico are semicircular and have a national coat of arms on the back.One Mexican peso costs 100 cents. There are coins worth 1, 5, 10, and 20 pesos. On banknotes there are 20, 50, 100, 200, 500 and 1,000 pesos.

blow to the weight

Mexican peso has now been balanced after the arrival of the SARS-CoV-2 epidemic around the world, as well as other events marked by the electoral process throughout the country with the United States, one of Mexico's main trading partners.

Uncontrollable inflation as a result of COVID-19 withholding monetary policy has almost always faced a strong dollar, leaving a weight between uncertainty.

During 2021, the Mexican peso closed at a depreciation of 2.72% against the dollar, but trade flows, especially exports to the United States, remained largely stable.

According to estimates from the Mexican Banco (Banxico), the Mexican peso is expected to rise in 2022, reaching 21.34 units per dollar.

the face of the COVID-19 pandemic, Mexico declared quarantine on March 23, 2020, leaving only essential activities open, which had a major impact on an economy that had not fully recovered.

According to figures from the National Institute of Statistics and Geography (Inegi), Mexico's economy, the second largest in Latin America after Brazil, rose 5% in 2021.

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