This Friday, March 29, Easter holiday, The Mexican super peso was quoted at 16.57 units per dollarmaintaining its strength against the US currency, despite a minimal loss.
In global financial markets, the dollar has gained ground against other key currencies such as the euro and the pound sterling. In Mexico, the Exchange Rate favored the US currency in the last hours, but the peso recovered ground.
This appreciation of the dollar has had repercussions on the imports and exports of several countries, as well as on production costs and the purchasing power of consumers.
The US dollar or US dollar is the legal currency of the United States, its dependencies and other countries.
The dollar is the most important international reserve currency in the world and also the most used in international transactions.
According to the Bank of Mexico, in congruence with what has been observed internationally, financial markets have shown generally stable behavior and operating conditions.
Banxico pointed out that The Mexican peso has continued to register strength and accumulates a slight appreciation in recent days.
Meanwhile, interest rates on short-term government securities have decreased slightly throughout the last quarter, while increases, albeit moderate, have been recorded in the middle and long part of the curve.
In recent days, President Andrés Manuel López Obrador expressed his position on the superiority of the Moral Economy against neoliberalism, highlighting the strength of the Mexican peso as evidence of this approach.
In a message on social networks, the president highlighted that the peso reached its highest level in nine years.
López Obrador emphasized that the Mexican peso is the currency that has strengthened the most in the world compared to the dollar, which he considers a significant achievement for the national economy.
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