michael2595 Posted December 24, 2017 Report Share Posted December 24, 2017 The Mexican peso slumped to its lowest level in nine months today, falling 1% to 19.725 pesos to the U.S. dollar just before midday. News agency Reuters cited high inflation, the threat to investment posed by fiscal reform in the United States and corruption scandals in the ruling Institutional Revolutionary Party (PRI) — that could play into the hands of leading presidential contender Andrés Manuel López Obrador — as reasons for the drop. https://mexiconewsdaily.com/news/peso-falls-to-19-725-lowest-since-march/ Link to comment Share on other sites More sharing options...
johanson Posted December 24, 2017 Report Share Posted December 24, 2017 I like the daily spot rate set by Banco de Mexico each business day at noon. It is the official site used by Notaries etc. It does not show that one very high or very low blip but the daily noon average high, whatever that means. the official high on Friday noon was 19.5848. It is showing a peso that is loosing value in comparison to the US dollar. The Webpage can be seen at Banco de Mexico Now if I only new when the dollar was going to be strongest so that I could send down my US founds for the next few months. I missed it last time when it reached almost 22 to 1. I ended up paying 19.1 Link to comment Share on other sites More sharing options...
tomgates Posted December 24, 2017 Report Share Posted December 24, 2017 19.44 Visa exchange rate for Dec 24. https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html/ Link to comment Share on other sites More sharing options...
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