Mexico, exchange rate today: how much will the dollar cost on Wednesday March 24, 2021? Banamex | Exchange rate | Quotation | Mexican peso | SAT | MEXICO

The exchange rate traded in Mexico on Wednesday following the appreciation of the peso against the dollar, after four consecutive sessions of losses and a report on local inflation that bolstered bets that the central bank will leave the benchmark interest rate unchanged in its monetary policy announcement on Thursday .

In the morning hours the price is from dollar It was listed at 20.7590 pesos in the Mexican market, down 0.35% from the Reuters reference price’s 20.8310 on Monday.

Annual inflation in Mexico accelerated more than expected in the first half of March to its highest level in nearly two years, crossing the upper end of the central bank’s target range of 3% +/- one percentage point for the first time since October .

Mexico’s consumer price index registered an increase of 4.12% year-on-year, the INEGI statistical institute said, compared to 3.68% in the second half of February and more than the 3.91% predicted in a Reuters poll.

“With this inflation rate and current external financial conditions, the decision whether or not to lower the funding rate tomorrow at the monetary policy meeting of the Mexican monetary authority will be complicated”CI Banco said in a report.

With information from Reuters

IT MAY BE INTERESTING