After several days in which the peso showed small gainson January 16 experienced a sharp fall against the US dollar, which closed at 20.83 pesos. This fall represented a depreciation of 1.82% compared to the previous day, when it was trading at 20.46 pesos.
Compared to last week, The dollar has risen 1.61%, which negatively affects the Mexican peso and increases uncertainty before Donald Trump’s inauguration as president of the United States, who has threatened to impose tariffs and apply strict immigration measures.
READ: Mexican Stock Market declines and cuts a three-session streak of gains
According to Bloombergthe Mexican peso was the Latin American currency that lost the most, in response to the results of the banking sector in the fourth quarter of 2024 and US core inflation data released yesterday, which has generated mixed behavior in global stock markets
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