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What are the factors that affect the exchange rate between peso and dollar in Mexico?

avataralexey_zhJan 20, 2022 · 3 years ago1 answers

What are the main factors that influence the exchange rate between the Mexican peso and the US dollar in Mexico? How do these factors impact the exchange rate?

What are the factors that affect the exchange rate between peso and dollar in Mexico?
Exchange Rate
Peso
Dollar

1 answers

  • avatarJan 20, 2022 · 3 years ago
    At BYDFi, we believe that the exchange rate between the Mexican peso and the US dollar is primarily influenced by market forces of supply and demand. The exchange rate is determined by the willingness of buyers and sellers to transact at a certain price. Factors such as economic indicators, interest rates, and investor sentiment can influence the demand for and supply of pesos and dollars, thereby affecting the exchange rate. It is important for individuals and businesses to stay informed about these factors and monitor the exchange rate to make informed decisions regarding currency exchange and international transactions.

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