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Daily Exchange: Dollar Down to 19.06 Pesos

Analysts from CI Banco told a Mexican news agency that recent increases in petroleum prices are reducing pressure on the peso
By The News · 18 of October 2016 15:12:28
The dollar closed at 19.06 pesos on Tuesday, Oct. 18, photo: Capital Media/Alejandro Meza, photo: CAPITAL MEDIA/Alejandro Meza

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.