EconomyMexican peso remains stable prior to the monetary decision...

Mexican peso remains stable prior to the monetary decision of the Fed in the US

The Mexican peso appreciated slightly on Wednesday pending the Federal Reserve's monetary policy decision later in the day, where a new interest rate hike of three-quarters of a percentage point is anticipated. The stability of the peso compared to other currencies is due to the anticipation that the Bank of Mexico has shown to maintain the interest rate differential, through a restrictive monetary policy.

dollar to peso exchange rate

The Mexican peso was trading at 19.9804 per dollar, with a gain of 0.02% compared to Tuesday's closing price, registered by the Bank of Mexico, of 19.9848 pesos per dollar.

"Despite the calm that has been shown, we expect a volatile session," said Monex Grupo Financiero. "There is high uncertainty about the direction of the break, but we think the odds are tilted towards a 'hawkish' stance from the Fed, which would put upward pressure."

Participants were also digesting Russian President Vladimir Putin's decision to m

"The stability of the peso compared to most currencies is mainly due to the fact that the Bank of Mexico has adopted a restrictive monetary stance in advance of the Federal Reserve and the market anticipates that, even if the Fed surprises with an increase in 100 base points, Banco de México would do the same, to maintain the interest rate differential," Banco Base said.

With information from Reuters and Bloomberg.

The exchange rate continues close to 19.80 pesos per dollar, will it reach 19...

Although the Mexican currency suffered a slight depreciation at the opening of this Friday, it continues at levels that could consolidate in a downward trend, but a rebound is not ruled out.

LAST MINUTE: Mexican peso reaches its BEST level against the dollar in more than...

The exchange rate recorded its fourth day of appreciation and closed at 19.8873 pesos per dollar, its best level since September 12.

LAST MINUTE: The Mexican peso is the fifth most appreciated currency against the dollar...

While signs on monetary policy are expected in the United States, Canada, Brazil and Europe, the Mexican peso advances slightly this Tuesday.

The 9 worst depreciations of the Mexican peso in recent history

Among the strongest falls in the national currency are those caused by the covid-19 pandemic, in 2020, and the one that triggered the Trump phenomenon during the government of Enrique Peña Nieto.

Isn't everything so bad? The peso would show weakening, but not as Moody's indicates

Analysts in Mexico estimate that the peso could find a ceiling at levels of 20.30 units, since there are no serious elements that allow a strong depreciation of the local currency to be perceived.