Euro: opening rate today April 14 in Mexico

the euro is traded in the open 21.54 Mexican pesos on averagewhich represents an increase of 0.46% from the previous day’s figure, when it averaged 21.44 Mexican pesos.

Last week the euro accumulates a decrease of 1.98% and in annual terms, it still maintains a decrease in 11.33%. As for past days, with this value the flat streak that marked the previous four days is interrupted. The volatility referring to the last week is significantly higher than the figures obtained for the last year (7.28%), so that the value experiences greater variations than the general trend.

In the annual photo, the euro it came to range at a maximum of 23.66 Mexican pesos on average, while its lowest level was 21.44 Mexican pesos on average. the euro it is positioned closer to its minimum than its maximum.

mexican peso

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.

a beaten weight

Currently, the Mexican peso has seen its stability achieved after the arrival of the SARS-CoV-2 pandemic in the world, as well as other events that have marked it as national and American electoral processes, one of Mexico’s main trading partners. .

the uncontrollable inflationalso in the wake of COVID-19, which keeps monetary policy on edge, has also left the peso in limbo against an almost always 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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