He Mexican peso depreciated on Monday amid a global rise in the dollar, due to concerns about the potential impact of a series of controversial reforms promoted by the government, with which the dollar price today August 26, 2024 closes at 19.39 units for each greenback; know here the exchange rate in Mexican banks.
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He INE confirmed on Friday that Morena and allies will have a large majority in the next Congress, paving the way for quick approval of constitutional changes, including a controversial reform of the Judiciary, which has made the markets very nervous.
The domestic currency MXN= 19.3984 units were quoted almost at the end of the business, with a a decrease of 1.59%, Monday’s worst performance against the dollar among a basket of global currencies. On Friday, the peso rebounded 2.2% after four consecutive sessions of losses.
“The peso was affected by local volatility and investor caution regarding the issue of judicial reform in Mexico,” said Monex Grupo Financiero, in an analysis note. “Towards overnight, we would expect the peso to fluctuate in a range between 19.23 and 19.45,” he added.
The benchmark S&P/BMV stock index IPC .MXX fell 0.60% to 53,171.31 points, although it rose 0.45% on the day.
Dollar today August 26, 2024 in Mexican banks
He dollar price today August 26, 2024 in Mexican banks* closing in:
- BBVA Mexico – 18.54 pesos to buy and 19.68 pesos to sell
- Citibanamex – 18.83 pesos to buy and 19.90 pesos to sell
- Azteca Bank – 18.20 pesos to buy and 19.75 pesos to sell
- Banorte – 18.20 pesos to buy and 19.70 pesos to sell
- Bank Confirmation – 18.40 pesos to buy and 19.90 pesos to sell
- Scotiabank – 17.00 pesos to buy and 20.60 pesos to sell
- Inbursa – 18.80 pesos to buy and 19.80 pesos to sell
* Exchange rate at 4:00 pm
With information from Reuters
