This Sunday we closed financial operations, although there is no harm in knowing the exchange rate dollarwith which he graduated this Friday. US currency At 17.96, it continues to position itself below 18 Mexican pesos. It should be noted that this has not happened since April 2018. Below you can check what the offer to buy and sell looks like.
Price of Dollar Buying and Selling – Sunday, March 5th
- confirm – Purchase: 17.00 Mexican pesos. Sale: 18.40 Mexican pesos
- Azteca bench – Purchase: 17.05 Mexican pesos. Sale: 18.29 Mexican pesos
- base bank – Buy and sell: 19.81 Mexican pesos
- banorts – Purchase: 17.00 Mexican pesos. Sale: 18.40 Mexican pesos
- BBVA – Purchase: 17.34 Mexican pesos. Sale: 18.25 Mexican pesos
- citibanamex – Buy: 17.42 Mexican pesos Sell: 18.44 Mexican pesos
- Scotiabank – Purchase: 16.20 Mexican pesos. Sale: 19.30 Mexican pesos
How is the dollar moving?
According to the information published in the DOF, The equivalence of the Mexican peso with other foreign currencies is calculated on the basis of the rate that determines the latter against the US dollar, in international markets on the day of payment. These quotations are made available by the country’s credit institutions at the request of interested parties.
It may interest you: when should you buy and sell dollars?
According to the Bank of Mexico, The most well-known exchange rate regimes are fixed, flexible and exchange rate bands. Next we explain each of them:
- Continuous: In this system, the monetary authority sets an exchange rate level and undertakes to maintain that exchange rate at that level by intervening in the market by buying or selling currencies.
- Flexible or floating: The currency price is determined by market supply and demand without any intervention from the monetary authority.
- Replacement Bands: An intermediate system between a fixed exchange rate regime and a flexible one. The monetary authority sets a band within which it allows the exchange rate to move freely. When the exchange rate hits the upper or lower limit of the band, the authority intervenes by selling or buying foreign currency to keep it within the band.