He US dollar closed at 20.64 pesos at the end of the daywhich represented an increase of 1.44% compared to the previous closing, when it stood at 20.35 pesos. In the last week, the US currency has recorded a growth of 2.65%, and in the last year, its value has risen by 19.42%.
According to the analysis by Financiero Monex, cited by Bloomberg, the exchange rate will be determined by the monetary policy of the Bank of Mexico (Banxico) and the political events derived from the presidential elections in the United States, in which Donald Trump was the winner.
The director of financial analysis at Banco Base, Gabriela Siller, explained that the appreciation of the dollar is due to the expectation that Trump will implement protectionist trade policies and toughen immigration policy. At the moment, The depreciation of the Mexican peso occurs in a context of a general strengthening of the dollar, which has increased by 0.25% according to the weighted index.
Where to buy or sell the dollar?
It is recommended to attend places that are regulated by the authorities to avoid fraud. Additionally, you should take into account that the exchange rate varies according to each bank or exchange house, as well as see the commission they charge.
- Banks: If you are a customer you can buy up to four thousand dollars.
- Exchange houses: The purchase limit is 1,500 dollars.
- Online platforms.
- ETFs (Exchange-Traded Funds or Exchange-Traded Funds).
Price of the dollar in Mexican banks today, November 12, 2024
He dollar price today November 12, 2024 in Mexican banks* closes at:
- BBVA Mexico – 19.54 pesos for purchase and 20.68 pesos for sale
- Citibanamex – 19.74 pesos for purchase and 20.92 pesos for sale
- Azteca Bank – 19.10 pesos for purchase and 20.85 pesos for sale
- Banorte – 19.10 pesos for purchase and 20.70 pesos for sale
- Affirm Bank – 19.40 pesos for purchase and 21.10 pesos for sale
- Scotiabank – 17.00 pesos for purchase and 20.90 pesos for sale
- Inbursa – 19.50 pesos for purchase and 20.50 pesos for sale
*Exchange rate at 08:06 hours
EE
