Euro opening value in Mexico this April 13 from EUR to MXN

After logging in, the euro is traded in the open 21.44 Mexican pesos on averageso it represented a 1.15% drop from the previous day’s average of 21.69 Mexican pesos.

Considering the last seven days, the euro record a fall 1.61%for this reason, last year it still maintains a decrease in 11.3%. Compared to previous days, it adds four consecutive sessions in negative numbers. Over the past week, the volatility is 10.12%, which is a much higher figure than the yearly volatility figure (7.27%), so it shows larger swings than the general trend of the value.

In the annual photo, the euro It was paid at a maximum of 23.66 Mexican pesos on average, while its lowest level was 21.44 Mexican pesos on average.

The Mexican Coin

the mexican peso It is the legal tender of Mexico and it is the first currency in the world to use the $ sign, which was later taken over by the United States for the dollar.

The Mexican peso is fifteenth most traded currency in the worldthe first most traded in Latin America and the third at the continental level only behind the US dollar and the Canadian dollar.

Currently, the abbreviation MXN is used to talk about the Mexican peso, but before 1993 the acronym MXP was used.

Coins normally used in Mexico are semi-circular in shape and have the national coat of arms on the reverse. one mexican peso equals 100 cents. There are coins of 1, 5, 10 and 20 pesos; while in banknotes there are 20, 50, 100, 200, 500 and 1,000 pesos.

punches for weight

Currently, the Mexican peso has seen its firmness shaken after the arrival of the coronavirus pandemic in the world, as well as other events that have marked it as national and American electoral processes, one of the main trading partners from Mexico.

the uncontrollable inflationalso in the wake of COVID-19, which keeps monetary policy on edge, has also left the peso in limbo against a near-still-stable dollar.

In 2021, the Mexican peso closed with a depreciation of 2.72% against the dollar, although it remained largely stable at Trade flows and, above all, exports to the United States.

According to forecasts by the Bank of Mexico (Banxico), by 2022 the Mexican peso is expected to increase and reach 21:34. units per dollar.

Mexico declared a quarantine on March 23, 2020 before the Covid-19 pandemic and only kept essential activities open, which had a severe impact on the economy which failed to fully recover.

The economy of Mexico, the second in Latin America after Brazil, grew by 5% in 2021, according to figures from the National Institute of Statistics and Geography (Inegi).

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