This is how the dollar closed against the peso on December 27

In the last session American dollar Paid at closing for 16.91 pesosWhich represents a change of 0.35% compared to the previous day's price when it reached 16.97 pesos.

In reference to last week's profitability, the American dollar represents a decrease in 0.69%so that it still maintains the decline of last year 8.91 percent.

If we compare the number to the previous days, it represents the accumulation of three consecutive sessions of decline. The volatility over the past seven days is noticeably lower than the data achieved for the past year (9.95%), so its price shows less changes than usual recently.

the Economy of Mexico It has witnessed a series of contradictions in recent years. With a slight increase – even before the pandemic – it has recently begun to recover.

from her side, Inflation began to increase Since the beginning 2021It reached an all-time high of 8.7% in September 2022. It has been on the decline since then. This is largely due to the monetary policy of the Bank of Mexico (Panxico), which chose to increase Reference price.

Although Banxico itself confirms that general inflation has already reached low levels according to its historical behavior, this “does not mean that general inflation has already reached low levels according to its historical behavior.” Shrinkage process “It should be taken for granted, because the levels are still above the target.”

Banxico's board estimates that “inflation expectations will be complex and uncertain” and “with upside risks”, and therefore – to maintain the 3% target – “it will be necessary to maintain the reference rate at its current level for an extended period.” a period.”

For its part, the peso saw a better scenario. Since mid-2022, the Aztec currency has remained so strong against the dollar that it has come to be nicknamed the “Overweight”.

The dollar reached its lowest level in July 2023when it was priced at just over 16 pesos per unit, a number not seen since 2015. A quote that was repeated at the end of the year.

In addition, the Mexican currency broke the level Banxico forecast. At the beginning of the year, he confirmed that the dollar would close 2023 above 20 pesos per unit on average, and although he adjusted his forecasts as the months passed, the reality is that exchange rate And it was less than that.

at the moment, Banxico predicts that during 2024 the dollar will trade between 17.68 pesos And up to 18.67 pesos per unit.

The Mexican peso is the legal tender of Mexico and is the first currency in the world used by Mexico $ signwhich was later taken up by the United States against the dollar.

The Mexican peso is The fifteenth most traded currency in the worldIn addition, it is the most traded dollar in Latin America and the third largest on the continent after the US and Canadian dollars.

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

Coins commonly used in Mexico are semicircular in shape and have the national coat of arms on the reverse side. One Mexican peso is equivalent to 100 cents. There are coins of 1, 5, 10 and 20 pesos; While banknotes contain 20, 50, 100, 200, 500 and 1000 pesos.