Price of the dollar today, January 27: what is the exchange rate in Mexico

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We share the quote of the American dollarwhich this Friday, January 27, is offered at $18.83, according to information published in the Official Gazette of the Federation (DOF). Next, we share everything you need to know if you are looking to make a financial operation that is related to this currency.

Price of the dollar buy and sell – January 27

  • affirm – Buy: 17.90 mexican pesos Sale: 19.30 Mexican pesos
  • Azteca Bank – Buy: 17.95 mexican pesos Sale: 18.89 mexican pesos
  • Base Bank – Buy and sell: 19.81 Mexican pesos
  • Banorte – Purchase: 17.70 Mexican pesos Sale: 19.10 Mexican pesos
  • BBVA – Buy: 18.14 Mexican pesos Sale: 19.04 Mexican pesos
  • citibanamex – Buy: 18.24 Mexican pesos Sale: 19.28 mexican pesos
  • Scotiabank – Buy: 17.00 Mexican pesos Sale: 19.90 mexican pesos

How is the price of the dollar defined?

The exchange rate of each country is determined by the exchange regime, that is, it is the way in which you decide to manage the value of your currency with respect to others.

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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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