The Mexican peso appreciates against the dollar due to lower volatility after the US holiday.

At the close of the last day, The US dollar registered an average value of 18.63 Mexican pesos , which represented a slight variation of 0.06% compared to the 18.64 pesos observed the previous day.

During the week, the exchange rate fluctuated within a narrow range, fluctuating between 18.61 and 18.89 pesos per dollar. This stability was aided by lower market activity due to the US holiday, which reduced the usual volatility.

READ: Mexican Stock Market Gains and Links Two Upward Sessions

On a weekly basis, the US currency posted a cumulative loss of 1.04%. However, looking at its performance over the past year, it still maintains a gain of 3.85%.

As for recent behavior, The dollar has experienced two consecutive days of decline. Furthermore, volatility in recent days has remained below the average levels recorded over the past year, suggesting a calmer outlook for the markets.

Meanwhile, at the national level, economic indicators offered mixed signals. In particular, Mexico's consumer confidence index fell to 45.4 points in June, down from 46.5 in May. This decline reflects growing pessimism among households regarding the current economic situation and its prospects.

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).

EE