Cancún, Quintana Roo — The Mexican peso posted a slight gain against the US dollar during early trading Wednesday, extending a period of stability in the foreign exchange market.
The exchange rate stood at 17.4286 pesos per dollar, a change of -0.0094 units (-0.05%) from the previous close of 17.438 pesos, according to the latest data.
Although the move was modest, the Mexican currency maintained a favorable position against the greenback, with the dollar trading below the 17.50-peso threshold during the session.
Dollar rates at Mexican banks
Financial institutions reported varying buy and sell prices for the US dollar on Wednesday:
- Afirme: Buy $16.30, Sell $17.90
- Banco Azteca: Buy $17.00, Sell $18.64
- Banorte: Buy $16.80, Sell $18.30
- BBVA: Buy $16.96, Sell $18.51
- Ve por Más: Buy $16.841, Sell $18.041
- Bank of America: Buy $16.5289, Sell $18.4502
Analysts continue to monitor international markets and economic indicators from the United States and Mexico that could influence the peso’s exchange rate in the coming sessions.
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