The Mexican peso remains in negative territory and adds its third day of losses, with which the price of the dollar today, August 5, 2024, is quoted at 19.62 units for each greenback; find out here what the exchange rate is in banks in Mexico.
The Mexican currency registers a decline of 2.4% compared to Friday’s reference price. On Sunday night it weakened 4.6% to 20.04 units, a level not seen since October 2022, dragged down by a collapse of Asian financial markets.
In the last three sessions, the Mexican currency accumulated a loss of 5.5%, after it was learned on Thursday that US manufacturing activity fell to its lowest level in eight months. Adding to the poor outlook on Friday was a weak labor market report.
The Mexican currency has been under heavy pressure since the June 2 elections, when Morena’s victory opened the door to a controversial reform of the justice system that raises concerns about the business environment in the Latin American country.
Since then, the Mexican peso has lost more than 15%, also hit by concerns about the upcoming elections in the United States.
The price of the dollar today, August 5, 2024, in Mexican banks* starts at:
BBVA Mexico – 18.73 pesos buy and 19.86 pesos sell
Citibanamex – 18.98 pesos buy and 20.07 pesos sell
Banco Azteca – 18.25 pesos buy and 19.95 pesos sell
Banorte – 18.40 pesos buy and 19.85 pesos sell
Banca Afirme – 18.50 pesos buy and 20.30 pesos sell
Scotiabank – 16.50 pesos buy and 20.00 pesos sell
Inbursa – 19.10 pesos to buy and 20.10 pesos sell
San Miguel Times
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