The Mexican peso extended its depreciation today, influenced by the volatile strengthening of the US dollar in international markets. The primary factor impacting the peso appears to be the approaching United States presidential election, scheduled for Tuesday, November 5, 2024.
On Thursday, October 17, the exchange rate for the US dollar stood at $19.93 pesos per unit, marking a 0.25% depreciation compared to Wednesday’s closing rate of $19.88 pesos per dollar. Earlier in the day, at 7:13 a.m., the exchange rate briefly touched $20 . . .
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