Mexican peso continues to rise after G7 summit

After a day influenced by President Claudia Sheinbaum 's trip as a special guest to the G7 summit , the US dollar closed at 18.92 Mexican pesos on average , which represented a 0.22% drop compared to the previous session's value, when it stood at 18.96 pesos.

Over the past seven days, the US currency has seen a 0.64% decline, although compared to the same period last year, it still shows an increase of 3.04%.

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Regarding today's fluctuations compared to previous days, the dollar reversed the 0.16% increase it had experienced the previous day, failing to consolidate a clear trend in recent days. Volatility over the past seven days has been significantly lower than that observed over the past year, resulting in less volatile prices during this period.

The Mexican peso has appreciated nearly 9% this year, driven by factors such as the interest rate differential, controlled domestic inflation, and political stability stemming from the judicial elections. This environment has kept investors long the peso, also supported by the president's strong popularity.

Where to buy or sell the dollar?

It's recommended to visit places regulated by the authorities to avoid fraud. Also, keep in mind that the exchange rate varies depending on the bank or exchange office, and you should also check the commission they charge.

Banks: If you are a customer, you can purchase up to four thousand dollars.
Currency Exchange: The purchase limit is $1,500.
Online platforms.
ETFs (Exchange-Traded Funds).