Breaks Exchange Rate the Level of the 17 Pesos to the Dollar
9 Articles
9 Articles
The Mexican peso closed stable, after yielding previous rises that led him to pierce the mark of 17 units per dollar for the first time since 2024; while, the bag fell to its lowest level since mid-March.
An increase in the operations of carry trade continued to support the quotation of the Mexican peso, which managed to fall briefly from the 17 units for the first time since the end of May 2024.However, at the close of the negotiations, the data of the Bank of Mexico (Banxico) determined that the exchange rate was located at 17,0308 pesos per green ticket, low level which was appreciated 0.07 percent or 1.23 cents, while throughout the week it a…
The exchange rate momentarily broke the level of 17.00 pesos per dollar due to the carrying trade positions, using the Japanese yen and the dollar as fondeo currencies, said Gabriela Siller Pagaza, director of economic analysis at Grupo Financiero Base. The national currency starts this Friday’s session with an appreciation of 0.17 percent, or 3.0 cents, contributing about 17.00 pesos per dollar, with the exchange rate reaching a maximum of 17.0…
The Mexican currency grabs land from the US dollar for the fourth consecutive day and drills the key support of the 17 units, show Bloomberg's data.It quotes about 16.98 pesos per dollar in wholesale operations, of which more than 80% are carried out abroad, according to the recent survey of the Bank of International Settlements.
The Mexican peso closed the week in about 17 pesos per dollar, an area not seen since 2024 and that puts on the table again the discussion about the fundamentals behind the strength of the currency and, above all, if these levels can be sustained during the remainder of 2026. This Friday, the exchange rate closed at 17,0308 pesos per dollar, with which the Mexican currency accumulates an appreciation of 5.46% so far this year, according to Bloom…
If the exchange rate parity ends the day at its current levels, the weight would score a weekly gain of 0.81% against the green ticket.
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