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Business

Daily Exchange: Dollar Up to 20.74 Pesos as U.S. Fed Raises Interest Rates

The euro rose 13 centavos to close at 21.94 pesos, while the pound and yen closed at 26.10 pesos and 0.202 pesos, respectively

The dollar closed at 20.74 pesos on Wednesday, Dec. 14, photo: CAPITAL MEDIA/Alejandro Meza
By The News Whatsapp Twitter Facebook Share
1 year ago

The dollar rose five centavos to close at 20.74 pesos Wednesday at Mexico City currency exchanges. Banks purchased the dollar for a minimum of 19.56 pesos.

The euro rose 13 centavos to close at 21.94 pesos, while the pound and yen closed at 26.10 pesos and 0.202 pesos, respectively.

Wednesday’s currency trading was affected by a decision by the United States Federal Reserve to raise interest rates by a quarter of a percent, from 0.5 percent to 0.75 percent.

Mexico’s Central Bank (Banxico) set the official exchange rate at 20.2226 pesos per dollar.

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