Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Daily Exchange: Peso Continues Decline, Dollar Sold at 19.50 Pesos

The euro was sold at 21.88 pesos, a 21-centavo increase from the day before, while the pound and yen were sold at 25.74 pesos and 0.206 pesos, respectively

The dollar closed at a selling price of 19.50 pesos on Wednesday, Sept 14, 2016, photo: CAPITAL MEDIA/Alejandro Meza
By The News Whatsapp Twitter Facebook Share
11 months ago

Since Friday, Sept. 9, the Mexican peso has lost value at rates not seen since June 24 of this year. The price of the dollar broke the 19-peso ceiling on Friday, after remaining under that level for almost a month, and the peso has continued to lose ground against the dollar every day since.

As Mexico City currency markets closed Wednesday, the dollar was being sold for 19.50 pesos, 12 centavos more than on Tuesday, and banks were purchasing the dollar for a minimum of 18.68 pesos.

The euro was sold at 21.88 pesos, a 21-centavo increase from the day before, while the pound and yen were sold at 25.74 pesos and 0.206 pesos, respectively.

Mexico’s Central Bank (Banxico) set the official exchange rate at 19.2275 pesos per dollar, which represents a loss in value of 0.75 percent for the peso.

The phase of high volatility that began last Friday may last until the end of the year, and is related to speculation about an interest rate hike by the U.S. Federal Reserve, instability of international petroleum prices and the U.S. presidential election.

Comments Whatsapp Twitter Facebook Share
More From The News
World

Police Search for Spain Van Driver and M ...

1 day ago
World

Counter-protesters Block Neo-Nazi March ...

1 day ago
World

Venezuela Congress Defies Push to Take o ...

1 day ago
World

Physicist Hawking Criticizes UK Health S ...

2 days ago
Most Popular

Thousands to Be Evacuated From Lebanon-S ...

By The Associated Press
World

Infosphere: Art Reflects on the Digital ...

By César Cantú Hernández
Living

A New Spin on Curly Hair

By Thérèse Margolis
Living

UAEM Celebrates 45th Anniversary of Medi ...

By The News
Mexico

Police Search for Spain Van Driver and M ...

By The Associated Press
World