As of the close of January 17, 2025, The US dollar was quoted on average at 20.77 Mexican pesoswhich represented a decrease of 0.38% compared to the previous session, where It was at 20.85 pesos.
In the last seven days, the dollar has experienced a slight increase of 0.26%, and in year-on-year terms, it still has an increase of 2.84%.
READ: Mexican Stock Market accumulates weekly advances and links two weeks higher
As Donald Trump’s inauguration as US president (January 20) approaches, investors are taking a cautious stance. According to the analyst, during the day, The Mexican currency showed fluctuations, depreciating to 20.95 pesos in the early morning, and then recover some ground, standing at 20.77 pesos. Traders remain attentive to Trump’s arrival at the White House and expectations of an interest rate increase by the Bank of Japan (BOJ) next week.
Compared to the previous day, where the Mexican peso registered an appreciation of 0.27%, the market seems to have failed to establish a clear trend in recent days. The volatility of the currency in the last week was 14.89%, a figure higher than the annual volatility, which is 12.53%, indicating that the peso is experiencing wider fluctuations than its general trend.
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