Economy

Mexican peso depreciates against dollar during Holy Week vacations

The Mexican currency once again broke the 18 pesos per dollar barrier after Holy Week ended

By Roman Franco2023-04-10T19:00:00+00:00

After the Holy Week vacation period, the Mexican peso starts the week losing against the dollar.

According to information by Bloomberg, the exchange rate today is $18.18 pesos per dollar, exceeding the 18-unit barrier. This means that the Mexican peso depreciated by 0.24% during this vacation period.

CIBanco specialists assume that this exchange rate could vary between $18.17 to $19.32 units throughout the day.

Dollar prices in banks

BBVA- Buying Rate: 17.53 Selling Rate- 18.44
BANAMEX- Buying Rate: 17.63 Selling Rate:18.63
HSBC- Buying Rate: 17.49 Selling Rate: 18.34
Banco Azteca- Buying Rate: 17.25 Selling Rate: 18.39
Banorte- Buying Rate: 17.05 Selling Rate: 18.45

Traders are awaiting inflation data to be published by the United States, with little expectation that it could be decreased.