The US dollar began this Tuesday, January 14, with slight losses against the Mexican pesocoinciding with rumors that Donald Trump would be gradually implementing his tariff rates on his main trading partners to avoid an inflationary impact.
This situation benefited the national currency, which was favored by the contrast between the monetary expectations of Banxico and the Federal Reserve, which anticipate an inflationary rebound related to the president-elect’s proposals.
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Throughout the day, The US dollar was quoted on average at 20.59 Mexican pesos at the beginning of the day, which represented a drop of 0.36% compared to the 20.66 pesos recorded the previous day. In terms of the last week, the dollar has experienced an increase of 1.29%, and in year-on-year comparison, it continues to accumulate an increase of 20.07%.
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).
EE