the mexican peso He lost his winning streak on Wednesday that made it touch its best level in 35 months against the dollar, closing with a price of 18.85 pesos per green billaccording to data from the Bank of Mexico (Banxico).
“The peso continues to strengthen, reaching today its best level against the dollar in the last 35 months,” said the Ministry of Finance and Public Credit on Twitter, after the peso touched a minimum of 18.55 units in the first hours listing on the exchange market.
However, the peso ended the session with a 0.87% drop in the middle of the week, which prompted its closure in 18.85 pesos per dollar.
Even with your second depreciation of the year, the peso remains below the threshold of 19 pesossomething that has not happened since 2020.
At the beginning of the year, the Mexican peso surprised, since from being above 20 pesos per dollar the previous year, in 2023 it started with an exchange rate of 19.48 pesos per dollaron January 2, and appreciated to 18.68 units per greenback the previous Tuesday.
Last Friday, with an exchange rate at 18.77, the peso finished his best week since February 2020, when it reached 18.59 pesos per dollar and was reached in the early hours of this Wednesday, without it being maintained throughout the session.
Mexican Peso Stock Markets Fall
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