Dollar: opening rate today April 22 in Mexico

After the opening of the trading session, the American dollar is traded in the open 20.31 Mexican pesos on averagewhich implied an increase of 0.67% compared to the 20.17 Mexican pesos on average the previous day.

Compared to last week, the American dollar gets a raise 1.83%so that for a year it still maintains an increase of 2.16%. Compared to previous days, it adds two days in a row up. The volatility of the last seven days is higher than the data obtained for the last year (8.53%), so it is going through a phase of instability.

In the annual photo, the American dollar It was paid at a maximum of 21.36 Mexican pesos on average, while its lowest level was 19.75 Mexican pesos on average. the American dollar is closer to its minimum value than to its maximum value.

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 worldas well as the most traded in Latin America and the third continentally 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 back. 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.

Currently, the Mexican peso has seen its stability achieved 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 is keeping monetary policy on edge, has also left the peso in limbo against a near-still strong 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 kept only essential activities open, dealing a severe blow to 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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