Monday, February 26, 2024

Dollar price today, February 8, 2024, what is the exchange rate in Mexico?

Loss markets in Mexico withdrew on Thursday after the Bank of Mexico (Banxico) decided to go ahead with its interest rate as expected, where the dollar price on February 8, 2024, starts at 17.14 units per greenback. Find out here what the exchange rate of banks in Mexico is.

Analysts agreed that the issuer’s less stringent message fueled expectations that it would start reducing rates starting in March after keeping it for a year at its current record high of 11.25%, which would eliminate most of the beauty of local properties. weight Mexican.

The Mexican pesos were quoted at 17,1419 units near the end of the business, with a 0.68% depreciation compared to the Reuters reference price on Wednesday, following the weak performance of most of the main currencies in the region against the dollar.

“It is possible that if the speculation continues that the Banco de México will cut the interest rate in March while the Federal Reserve (Fed) may wait until June (…), the exchange rate may be forced upwards, “said Gabriela Siller, head of Banco Base analysis.

In the morning, Richmond Fed President Thomas Barkin said the US central bank has time to decide on the next step in monetary policy as it awaits further assurances that inflation in the world’s largest economy will return. to its target.

The Differential stock index S&P/BMV IPC.MXX It gained 1.62% to 57,762.44 points, snapping a streak of four consecutive days of gains that led it to record a new all-time high the previous day.

The dollar price in Mexican banks today February 8, 2024

The price of dollars today, February 8, 2024, in Mexican banks* is close at:

  • BBVA Mexico: 16.28 pesos for buying and 17.42 pesos for sale
  • Citibanamex: 16.64 pesos for purchase and 17.59 pesos for sale
  • Banco Azteca: 16.10 pesos for buying and 17.55 pesos for selling
  • Banorte: 16.00 pesos for purchase and 17.40 pesos for sale
  • Confirm the bank: 16.10 pesos for buying and 17.60 pesos for selling
  • Scotiabank: 15.00 pesos for purchase and 18.20 pesos for sale
  • Investment – 16.80 pesos for buying and 17.80 pesos for selling
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