El Dollar American It is one of the most traded currencies in the world, becoming a reference currency for the value of things around the world. Do you want to know how the dollar is positioned against the Mexican peso?
Keep reading to learn more about the dollar exchange rate, where to buy this currency and how to easily send dollars from the United States to Mexico.
What is the exchange rate of the dollar to the Mexican peso
The price of the Mexican peso has increased recently: compared to the last year, the Mexican peso increased by 6.54%, while in the week of July 21, 2024, it grew by 1.51%.
The truth is that the Mexican economy has been showing positive growth trends since 2021. And for this reason, in the first half of the year 2024, its currency remained stable, showing small growth rates.
As of today, July 2024, the Exchange rate of the dollar to the Mexican peso It is in $18 pesos per US dollar (cents vary each day with market activity).
What factors influence your quote?
Over the decades, Latin American economies compared to the United States have suffered from high volatility, which influences the growth or depreciation of local currencies.
But, in addition to this, there are a series of Factors that determine what direction the dollar's price will take. Some of these are:
- Policies of the U.S. Central Bank and its federal reserves,
- Price of oil,
- Income and outflow of dollars into the country through companies and producers,
- Foreign investment.
Where can you buy and sell dollars?
The purchase and sale of foreign currencies is a fairly common financial transaction, so there are a series of requirements and regulations to be able to acquire currencies legally and safely.
Primarily for the purpose of preventing fraud, it is recommended buying and selling dollars in banks And serious financial institutions and believable. There are also the authorized exchange offices by the government.
Finally, dollars can also be purchased or sold through other financial instruments, such as publicly traded investment funds, or titles such as actions.
How to send dollars from the United States to Mexico?
Sending dollars from the United States to Mexico is a very common financial transaction. The most traditional way to do this is to transfer money from one bank account to another. However, operating between different banks in different countries can be complicated, slow and even costly.
This is why Félix Pago created a super simple system, affordable and accessible to everyone, to be able to send dollars from the United States to Mexico, and also to Guatemala and Honduras.
In order to facilitate the processing of immigrant workers, Félix designed a remittance system that works using only one account of WhatsApp. The sender will only need a few details of their recipient to deposit the money.
The procedure is very simple and fast, the transaction is effective immediately and at a very low cost. It's that simple to send money with Felix!
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