Price of the dollar, March 5: what is the exchange rate in Mexico

This Sunday we have closed financial operations, although it does not hurt to know what the exchange rate of the dollarwith which he closed this Friday. US currency It continues to position itself below 18 Mexican pesos, with 17.96. It should be noted that this has not happened since April 2018. Below, you can check what the purchase and sale offer is.

Price of the dollar buy and sell – Sunday March 5

  • affirm – Buy: 17.00 Mexican pesos Sale: 18.40 Mexican pesos
  • Azteca Bank – Buy: 17.05 Mexican pesos Sale: 18.29 Mexican pesos
  • Base Bank – Purchase and sale: 19.81 Mexican pesos
  • Banorte – Buy: 17.00 Mexican pesos Sale: 18.40 Mexican pesos
  • BBVA – Buy: 17.34 Mexican pesos Sale: 18.25 Mexican pesos
  • citibanamex – Buy: 17.42 Mexican pesos Sale: 18.44 Mexican pesos
  • Scotiabank – Buy: 16.20 Mexican pesos Sale: 19.30 Mexican pesos

How does the price of the dollar move?

According to information published in the DOF, the equivalence of the Mexican peso with other foreign currencies is calculated based on the price that governs the latter against the United States dollar, in international markets the day the payment is made. These quotes will be made known, at the request of the interested parties, by the country’s credit institutions.

It may interest you: When should you buy and sell dollars?

According to information published by the Bank of Mexico, the best-known exchange regimes are the fixed, flexible and exchange rate bands. Next, we explain each of them:

  • Permanent: In this system, the monetary authority establishes a level of the exchange rate, and undertakes, by intervening in the market by buying or selling currencies, to guarantee that this exchange rate remains at that level.
  • Flexible or floating: The currency price is determined by market supply and demand, without the intervention of the monetary authority.
  • exchange bands: An intermediate scheme between a fixed exchange rate regime and a flexible one. The monetary authority sets a band in which it allows the exchange rate to move freely. When the exchange rate reaches the ceiling or floor of the band, the authority intervenes by selling or buying foreign currency to keep it within the band.

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