As a top-15 oil-producing country, Mexico is tied to its natural. These are basically some of the reasons that define the importance that the US dollar has on the Mexican economy and especially the importance of knowing their current value. The USD/MXN currency pair accounts for the bulk of trading activity in the peso. The dollar is also the official currency in which the Bank of Mexico saves its international reserves. In this website, we show the price of the dollar in Mexico’s leading banks, updating its value every 30 minutes to keep you well informed about the current dollar value or commonly called "Dollar Today", the banks that we show are:īanamex, CitiBanamex, Santander, Monex, Banjercito, Banco de Mexico, HSBC, Banorte, BX+,īanco Azteca, Inbursa, Scotiabank, Banco del Bajio, Bancomer, IxeĪs extra information, it is noteworthy that the stock market of all countries use the dollar as an element on which various transactions are measure and guarantee. The dollar’s role in the Mexican economy is clearly one of the main elements of which depends on stability, and that is the main currency in which remittances are received from the United States, representing the second largest source of income in the country. ![]() The importance of this currency, especially lies to Mexico that this country belongs to the FTA (Free Trade Agreement) which is composed of Mexico, USA and Canada, and also 80% of its exports are to the United States, this being the main reason, which is important to know the price of the dollar and its behavior in the currency conversions. Since a long time the dollar is and remains the most widely used currency in the world economy, some countries like Panama, El Salvador and Ecuador adopted the US dollar as its official currency. In the international standard ISO 4217 is defined as USD (United States Dollar) or what is the same, "American Dollar". The US dollar is the most important currency in the world. If you are going to buy, your best option is: Banorte in $16.10 pesos per dollar. The dollar's value was cut in half.If you are going to sell, your best option is: Scotiabank in $18.20 pesos per dollar. could no longer pretend that the dollar was worth as much as it had been, so the value was officially reduced so that 1 ounce of gold was now worth $70. dollar suffered from inflation (its value relative to the goods it could purchase decreased), while other currencies became more valuable and more stable. Unfortunately, the real world of economics outpaced this system. A currency worth twice as much gold as a U.S dollar was, therefore, also worth two U.S. dollar was worth, then the value of any other currency against the dollar could be based on its value in gold. Banco de México headquarters: Currency exchange rate 23.83 MXN per US1 () Reserves US 176.579 billion (2013) Government budget US 196. The economy of Mexico is a developing mixed-market economy. After World War II, other countries based the value of their currencies on the U.S. All values, unless otherwise stated, are in US dollars. ![]() set the value of the dollar at a single, unchanging level: 1 ounce of gold was worth $35. That is, a piece of paper currency issued by any world government represented a real amount of gold held in a vault by that government. For centuries, the currencies of the world were backed by gold.
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