Mexican peso achieves slight appreciation at the close of the day

He The Mexican peso appreciated slightly at the close of trading on Wednesday, February 26. The US dollar was quoted at 20.42 pesos, which represented a 0.16% decrease in its value compared to the previous day, when it reached 20.45 pesos.

This week has been marked by comments from US President Donald Trump, who said that the imposition of 25% tariffs on exports from Mexico and Canada remains in effect, after having suspended this measure for a month following agreements with the leaders of both countries.

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Regarding Mexico, Marcelo Ebrard, Secretary of Economy, announced that on February 27 he will travel to Washington DC to discuss the issue of tariffs with Howard Lutnick, Secretary of Commerce of the United States, and Jamieson Greer, Trade Representative of the White House. His objective will be to negotiate trade agreements between both countries.

Although the visit was confirmed after the closing of trading, it is anticipated that possible agreements between Ebrard and his American counterparts could have a positive impact on the Mexican peso. It is important to remember that the national currency is closely tied to US policies.

Where to buy or sell the dollar?

It is recommended to go to places that are regulated by the authorities to avoid fraud. Also, you should take into account that the exchange rate varies according to each bank or exchange office, as well as check the commission they charge.

Banks: If you are a customer you can buy up to four thousand dollars.
Currency exchange offices: The purchase limit is 1,500 dollars.
Online platforms.
ETFs (Exchange-Traded Funds).