Price of the dollar TODAY in Mexico: SATURDAY, March 23, 2024

Price of the dollar TODAY in Mexico: SATURDAY, March 23, 2024

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This week the biggest news in the Mexican economy is that the Bank of Mexico (Banxico) decided to reduce the reference rate for the first time in three years, which may indicate the beginning of a cycle of reductions, which, if done with prudence, would avoid volatility in local markets and will allow the ‘Super Weight‘. Next, we will tell you what the dollar price today March 23 in Mexico and the exchange rate of the main currencies of Latin America.

He Mexican peso continues with its good streak and below 17 units against the dollartrading at 16.76 on Saturday morning, an appreciation of 0.19% compared to the previous day. However, the peso is in a stage of uncertainty, in which analysts and economists are waiting to see the next movements of the United States Federal Reserve.

“At the opening of the American session, the Mexican peso erases the decline established earlier and is positioned in 4th place among the currencies of emerging countries that present the greatest gains against the dollar. The Mexican currency was favored by the strengthening of expectations that Banxico will maintain the reference interest rate at the current level (11.00%) for several months, after yesterday’s 25 bp cut, due to prevailing inflationary pressures,” wrote the Group’s Director of Analysis Financiero Monex, Janneth Quiroz Zamora, in his X account, on Friday morning.

Price of the dollar in Mexico today March 23, 2024

According to information from Mexican banks, the dollar price Today, Saturday, March 23, it is 16.76 Mexican pesos per unit, so the local currency appreciated 0.03 cents, equivalent to 0.19%. Here we share with you what price you will find the US dollar at bank branches for buying and selling:

Photo: Investing

Purchase price

  • BBVA: 15.76 pesos.
  • Citibanamex: 16.16 pesos.
  • Azteca Bank: 15.90 pesos.
  • Santander: 15.60 pesos.
  • Banorte: 15.65 pesos.
  • Scotiabank: 14.50 pesos.
  • Inbursa: 16.30 pesos.
  • Banregio: 15.90 pesos.
  • Banbajío: 16.10 pesos.

Price for sale

  • BBVA: 17.19 pesos.
  • Citibanamex: 17.16 pesos.
  • Banco Azteca: 17.29 pesos.
  • Santander: 17.30 pesos.
  • Banorte: 17.05 pesos.
  • Scotiabank: 17.80 pesos.
  • Inbursa: 18.00 pesos.
  • Banregio: 17.30 pesos.
  • Banbajío: 17.30 pesos.

Price of the dollar in Latin America on March 23, 2024

Today, Saturday, March 23, the main Latin American currencies presented mixed results, some advanced against the dollar, while others had setbacks and depreciations. The Brazilian real appreciated 0.02 cents, or 0.44%. Likewise, the Argentine peso appreciated 0.06% or 48 cents, at a time when the economies and policies of the United States and Argentina are becoming closer than ever. Below, find out about the behavior of the rest of the Latin American currencies and their exchange rate today:

Photo: Investing
  • Brazilian real: 4.99 reais.
  • Colombian peso: 3,891 pesos.
  • Chilean peso: 983.26 pesos.
  • Argentine peso: 854.73 pesos.

This is the dollar price in Mexico and the exchange rate of the main Latin American currencies against the dollar today, Saturday, March 23.

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