BTN News: The US dollar went up against the Mexican peso in the latest trading session. It closed at 18.16 pesos. This is a 1.22% increase from the previous day’s rate of 17.94 pesos. Over the past week, the dollar has been going up steadily, gaining 2.5%. On a yearly basis, the dollar’s value has grown by 5.94%. This recent rise has ended the flat trend of the past two sessions. Despite some market changes, the dollar’s ups and downs over the past week were lower than its yearly changes, showing a stable period in its trading.
Dollar’s Recent Performance and Market Changes
The dollar’s recent performance has been strong, especially in current market conditions. The dollar’s changes over the last week were 10.92%, which is lower than the yearly rate of 11.7%. This shows that the dollar’s price has been more stable lately. Market experts see this as a sign of strength since the dollar managed to rise despite a usually changing environment.
Safe Places to Buy or Sell Dollars and What to Consider
If you want to buy or sell dollars, use regulated places to avoid fraud. Each bank or exchange house has different rates and may charge different fees, so compare them before you trade. Here are some options:
- Banks: Customers can buy up to $4,000.
- Exchange Houses: The limit is $1,500.
- Online Platforms: Many websites also offer dollar trades.
- ETFs (Exchange-Traded Funds): These are another option for trading dollars.
Dollar Exchange Rates at Major Mexican Banks as of July 23, 2024
Here are the dollar exchange rates at some major Mexican banks as of July 23, 2024:
- BBVA México: Buy at 17.29 pesos, sell at 18.44 pesos.
- Citibanamex: Buy at 17.63 pesos, sell at 18.63 pesos.
- Banco Azteca: Buy at 17.40 pesos, sell at 18.55 pesos.
- Banorte: Buy at 16.95 pesos, sell at 18.40 pesos.
- Banca Afirme: Buy at 17.10 pesos, sell at 18.60 pesos.
- Scotiabank: Buy at 16.00 pesos, sell at 19.20 pesos.
- Inbursa: Buy at 17.50 pesos, sell at 18.50 pesos.
Looking at Current Trends and What to Expect in the Future
The current trends show a strong position for the US dollar, with gains both short and long term. Experts think if the dollar stays stable in a changing market, it might attract more investors. Factors affecting this trend include economic policies, global trade, and market feelings. Watching these factors will be key to predicting the dollar’s future.
Conclusion
The US dollar’s performance against the Mexican peso has been strong, with significant gains both short and long term. The current rate is 18.16 pesos, with steady upward trends showing the dollar’s stability and growth. Those looking to trade dollars should use regulated places and compare rates and fees. Staying informed about market conditions and trends is vital for making good financial decisions.
This detailed look at the dollar’s recent performance, changes, and current exchange rates gives helpful insights for traders and investors. The dollar’s stability and growth in a changing market show its potential as a strong currency in the global market.
