The dollar declined 14 centavos to close at a selling price of 19.06 at Mexico City currency exchanges Tuesday. Banks purchased the dollar for 17.87 pesos.
The euro was sold at 20.88 pesos, a 37-centavo decline from the day before, while the pound and yen were sold at 23.34 pesos and 0.207 pesos, respectively.
Analysts from CI Banco told a Mexican news agency that recent increases in petroleum prices are reducing pressure on the peso.
Mexico’s Central Bank (Banxico) set the official exchange rate at 18.6726 pesos per dollar.