The Mexican peso backed away on the last day of contributions on February 4. The US dollar was quoted at 20.52 pesos, which represented a variation of 0.89% compared to the start of the day, when it was at 20.34 pesos. Despite this setback, the weight has had an increase of 20.97% in the last year.
Although the suspension of one month in the tariffs established by the former president of the United States, Donald Trump, contributed to the weight devaluing less after reaching 21.28 pesos per dollar on Monday, The closure of contributions of this day showed a fall close to 20 cents in the value of the Mexican currency.
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Commercial tensions between Mexico, the United States and Canada could be intensified in the coming months. A recent analysis indicates that new episodes of volatility derived from threats related to the revision of the treaty between Mexico, the United States and Canada (T-MEC) cannot be ruled out. This situation is aggravated by the study that Donald Trump requested on January 20, focused on the commercial deficits of his country.
According to Intercam’s analysis, recent events suggest that the imposition of rates could continue to be a punitive tool in commercial relations between the three countries. Marcos stressed that the tensions generated during the weekend reinforce this possibility, which creates uncertainty about the future of the treaty and its economic repercussions in the region.
Where to buy or sell the dollar?
It is recommended to attend places that are regulated by the authorities to avoid fraud. In addition, you must 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-Traced Funds or funds quoted in the bag).
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(tagstotranslate) dollar