Mexican peso starts the week with GROWS at the close of the day

Last week, The Mexican peso experienced difficulties as it lost value against the dollar. However, this Monday he showed signs of recovery, achieving that in the last session the US dollar closed at 20.48 pesos , which represented an increase of 0.47% compared to the 20.38 pesos of the previous day.

READ: Mexican stock market declines and registers its second consecutive fall

Overall, the dollar is expected to continue its upward trend in the short term, after having touched its lowest level in a month, at 20.18 pesos. The evolution of the exchange rate will depend mainly on the decisions made regarding tariffs and on how investors perceive economic stability in both countries.

Where to buy or sell the dollar?

It is recommended to go to places that are regulated by the authorities to avoid fraud. Also, you should take into account that the exchange rate varies according to each bank or exchange office, as well as check the commission they charge.

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