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Daily Exchange: Dollar Up to 20.80 Pesos

Banxico raised interest rates from 4.75 percent to 5.25 percent
By The News · 17 of November 2016 14:55:33
Pesos and dollars, No available, photo: CAPITAL MEDIA/Alejandro Meza

The dollar rose seven centavos on Thursday to close at a selling price of 20.80 pesos at Mexico City currency exchanges. Banks purchased the dollar for 19.62 pesos.

The euro declined four centavos to close at 22.07 pesos, while the pound and yen closed at 25.71 pesos and 0.215 pesos, respectively.

Mexico’s Central Bank (Banxico) raised interest rates from 4.75 percent to 5.25 percent Thursday. This was the fifth interest rate increase since December 2015.

Banxico set the official exchange rate at 20.1898 pesos per dollar.