After a crucial week for the global economy, during which the US Federal Reserve (Fed) announced an interest rate hike, the Mexican peso is showing another rebound from Friday’s volatile close. For this monday august 1stthe national currency depreciated again in the main banks of Mexico and has an average of 20.32 units in the different exchange rates; this translates to four hundred compared to how much was it worth on Sunday.
The most important banking institutions in Mexico published on their websites how much does it cost the dollar for those interested in buying and selling transactions. Banorte offers the lowest price in this monday august 1st, while Scotiabank has the highest costs. Similarly, the Bank of Mexico trades with a FIX exchange rate of 20.34 pesos, making a profit of only three cents.
Dollar rate at the various exchange rates this Monday, August 1
Affirm: the dollar value 19.40 buy and 20.90 sell in Mexico.
Banco Azteca: for today monday august 1st It is quoted at 19.25 pesos for buying and 20.29 for selling.
Core Bank: the the price from dollar It is 20.43 Mexican pesos in buy and sell.
Banorte: the exchange rate in Mexico It’s 19.25 pesos to buy and 20.65 to sell.
BBVA: the dollar value 19.74 pesos to buy and 20.65 to sell.
Banamex: it is quoted at 19.73 pesos for purchase, at 20.87 for sale this monday august 1st.
HSBC: the the price from dollar It is 19.86 for buying, for 20.54 for selling in Mexico.
Scotiabank: the dollar It has an exchange rate of 19.90 to buy and a sell of 20.66 pesos.
The Official Gazette of the Federation (DOF) and the Tax Administration Service (SAT) also announced how much does it cost the dollarswap that 1st of August with an average exchange rate of 20.32 pesos for buying and selling.
The national currency finds its good sequence according to the price of the dollar
The national currency recorded a depreciation of 0.32% against the the price from dollar according to Reuters information for today monday august 1st. The Mexican peso broke its five-day positive streak of gains last Friday, taking it to its best level in nearly four weeks following the Fed’s decision to raise the rate by 75 points.
According to Banco Base, the peso is expected to trade below 21 units this week as the domestic market awaits the monetary policy decision from the Bank of Mexico. Mexico. Analysts predict that it will also raise its benchmark interest rate by 75 basis points.
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