The American dollar is negotiated at the beginning 20.19 Mexican pesos on averageso that it represented a change of 0.37% compared to the 20.12 Mexican pesos on average of the previous day.
If we consider the data of the last week, the American dollar accumulates a rise in 1.75%; however, in year-on-year terms, it still maintains a decrease in 2.18%. Analyzing this data with that of previous days, it chains four consecutive dates in positive. In reference to the volatility of the last week, it is clearly lower than the data obtained for the last year (8.88%), therefore it is having a more stable behavior than the general trend indicates recently.
The Mexican coin
The Mexican peso It is the legal currency of Mexico and it is the first currency in the world that used the $ sign, which was later taken up by the United States for the dollar.
The Mexican peso is fifteenth most traded currency in the worldas well as the most traded in Latin America and the third on a continental level only behind the US dollar and the Canadian dollar.
Currently the abbreviation MXN is used to talk about the Mexican peso, but before 1993 the acronym MXP was used.
The coins that are normally used in Mexico are semicircular in shape and have the national coat of arms on the reverse. one mexican peso equals 100 cents. There are coins of 1, 5, 10 and 20 pesos; while in bills there are 20, 50, 100, 200, 500 and 1,000 pesos.
punches for the weight
Currently, the Mexican peso has seen its stability hit after the arrival of the SARS-CoV-2 pandemic in the world, as well as other events that have marked it as both national and United States electoral processes, one of Mexico’s main trading partners. .
the uncontrollable inflationalso as a result of COVID-19, which keeps monetary policy in suspense, has also left the peso in uncertainty before a dollar that is almost always strengthened.
During 2021, the Mexican peso closed with a depreciation of 2.72% against the dollar, although it remained largely stable at trade flows and, especially, exports to the United States.
According to the forecasts of the Bank of Mexico (Banxico), by 2022 the Mexican peso is expected to rise and reach 9:34 p.m. units per dollar.
Mexico declared a quarantine on March 23, 2020 before the COVID-19 pandemic and kept only essential activities open, which meant a strong blow to the economy that has not managed to fully recover.
Mexico’s economy, the second largest in Latin America after Brazil, grew 5% in 2021, according to figures from the National Institute of Statistics and Geography (Inegi).
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