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Millennium Group Exchange Rate

When starting operation Today February 12th Dollar It sells for a whopping 18.20 pesos at the counter bank. at the same time, interbank exchange rate It is located 17.07 pesos per green banknotea slight increase of 0.02% from the reference price on Friday.

The Mexican peso was little changed in markets ahead of inflation data due later this week. USA Looking for clues as to when United States Federal Reserve (The Federal Reserve) is going to start cutting interest rates.

“Investors are still trying to determine when the Fed will start cutting interest rates,” the company said. Industrial Bank, in Analytical Notes. “In this sense, the U.S. January inflation data due tomorrow (Tuesday) will be crucial,” he added.

Why is the Mexican peso unchanged against the US dollar?

According to analysis basic bank, The peso opened with a slight appreciation of 0.22% or 3 cents, trading at about 17.04 pesos per US dollar. The exchange rate hit a maximum of 17.11 pesos and a low of 17.04 pesos per US dollar.

Markets await inflation data USA Starting in January. Annual inflation is expected to be 2.9% in January, slowing to 3.4% since December.

“If this expectation comes true, the U.S. dollar will weaken, which will push Mexico’s exchange rate above the psychological level of 17.00 pesos per U.S. dollar and towards the support level of 16.90 pesos,” he said.

For its part, in the Forex market, most currencies are falling.

Currency with the greatest depreciation

  • The New Zealand dollar rose 0.31%.
  • Hungarian Forint 0.22%.
  • Euro 0.10%.
  • The pound exchange rate is 0.10%.
  • The Danish krone rose 0.08%.
  • The Swiss franc rose 0.08%.

most appreciating currency

  • The Chilean peso rose 0.36%.
  • Norwegian Crown accounts for 0.32%.
  • The Swedish krona rose 0.29%.
  • Israeli Shekel 0.29%.
  • The Indonesian rupiah rose 0.26%.
  • The Mexican peso rose 0.22%.

From the perspective of economic indicators, Inagi published figures Heavy Vehicle Industry Administrative Registration Office Corresponds to January 2024.

This month, the retail sales of heavy-duty vehicles were 4,290 units, a record high in January, a year-on-year increase of 30.95%.

Wholesale car sales in the national market were 3,754 units, a year-on-year increase of 10.35%, and also a record high in January.

On the other hand, 15,587 cars were produced in January, a year-on-year decrease of 16.05%. Finally, exports amounted to 11,891 units, 21.88% lower than the peak reached in January 2023.

Data are also published in International Traveler Survey (EVI) Corresponding to December 2023, it shows that a total of 7.87 million international tourists entered the country in the last month of 2023.

Thus, the total number of visitors it receives Mexico In 2023, this number reached 74.4 million people, an increase of 12.76% compared to 2022. However, this number is 23.60% lower than in 2019 before the covid-19 pandemic began.

exist MexicoThe monthly manufacturing survey for December will be released on February 14.

The exchange rate is expected to fluctuate between 17.01 pesos to 17.13 pesos to the U.S. dollar during the trading period.

real time dollar

Euro and GBP prices

he EUR The highest selling price at the counter is 19.19 pesos and the purchase price is 17.90 pesos. In itself, GBP The quote was 21.95 pesos and the purchase price was 21.00 pesos.

he Banxico On the previous trading day, the peso exchange rate was 17.08 pesos against the US dollar.

According to information from Reuters.

MRA

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