The exchange rate for this Monday, May 15 was set at $17.61 per dollar (Mexico City, 7:46 a.m.) according to the Official Gazette of the Federation. Last week the peso recorded its highest levels in six years, reaching $17.5499 to the dollar
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Purchase and sale of the dollar in the main banking entities of the country:
- to assert – Buy: 16.70 Mexican pesos Sell: 18.10 Mexican pesos
- Aztec Bank – Buy: 16.70 Mexican pesos Sell: 17.89 Mexican pesos
- CBanco – 17.69 Mexican pesos
- Banorte – Buy: 16.70 Mexican pesos Sell: 18.10 Mexican pesos
- BBVA – Buy: 16.71 Mexican pesos Sell: 17.92 Mexican pesos
- citibanamex – Buy: 17.04 Mexican pesos Sell: 18.02 Mexican pesos
- Scotiabank – Buy: 15.50 Mexican pesos Sell: 19.00 Mexican pesos
- inburse – Buy: 15.50 Mexican pesos Sell: 19.00 Mexican pesos
The US currency has fluctuated over the past 52 weeks between 17.90 and 21.05 MXM; So far in 2024, the national currency accumulates an appreciation of 8.64%.
According to speculation, the Mexican peso will increase its positions against the dollar.
What does the exchange rate depend on?
According to the Bloomberg portal and Banco Base chief economist Gabriel Siller, several factors are pushing the peso against the dollar: the first is that the Central Bank of the United States could raise the interest rate again in June; continued speculation about a possible recession in the United States; the uncertainty over the debt and a possible agreement between Joe Biden and the speaker of the Republican House of Representatives.
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