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Monday, July 15, 2019
06:08 PM
Mexico Central Time
MARKETS AND DATA: US Dollar: $12.65 Euro: $16.78 Gold: US$1,327 Silver: US$20.39 Mex Crude: US$102.50 Cetes 28: 3.85%

posted 2009-05-29
Positive May for financial data.
The peso recovered 5% to the U.S. Dollar. The Mexican Crude Oil gained 22% scoring above the US$60 barrier. The Mexican Stock Exchange experienced an 11% rise. The gold and silver increased 6% and 19%.

posted 2009-04-18
Hectic week for the markets!
The Mexican Stock Exchange BMV index grew 8% compared to last week; the Peso retail parity to the US Dollar gained more than a 2%, and escalated a 1% compared to the Euro; the price of the Mexican Crude Oil rose almost 3%; and Obama visited Mexico ahead to the rest of Latin America.

posted 2009-03-05
Fueling the Mexican Peso
The Mexican Central Bank announced the modification of the existent policy for intervention to the exchange market. The aim is to revisit the Peso to a more unbiased parity. Beyond of the auction´s system established since October last year, a new auction´s system will be implemented to offer 100 million Dollars to the market on a daily basis.

posted 2009-02-23
Mexican Peso on $15 per US Dollar
The Mexican Peso is suffering again from an odd economic scenario; after a week of turbulence, the exchange rate is moving to a “non-convenient” $15 per US Dollar.

posted 2009-02-02
Mexican Peso reached $14.50
In spite of bank holiday, the Mexican Peso reached historic high at a rate of $14.50 per US Dollar; a 38% depreciation since the beginning of the economic crisis in September 2008.


Peso seems under control

July 13, 2009. 18:34

After several months of turbulence on the Mexican Peso parity, it seems that the market has started to get some steadiness in the range of $13 to $14 Pesos per $1 US Dollar.

Analysts from Citi-Banamex have estimated that by the end of 2009 the fixed exchange rate will be $13.50 Pesos per $1 US Dollar.

DoingBusinessInMexico Staff
Published: July 13, 2009. 18:34 | Last updated: July 13, 2009. 18:34
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