You are currently viewing What is the price of the dollar today May 10?

East tuesday may 10 the exchange rate and average price of the dollar in Mexico is 20.36 pesos. For purchase it is located at 20.35 pesos and for sale at 20.37.

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The Mexican peso against the dollar and the BMV fell on Monday dragged by a global wave of risk aversion due to concerns of further monetary tightening in the United States and growing uncertainty about the growth of the world economy.

In addition, in Mexico it was announced that inflation accelerated in April to levels not seen in more than 21 years, reinforcing expectations that the central bank will raise its key rate again this week.

In line with the performance of the main currencies in the region, the local currency closed at 20.3709 per dollar with a depreciation of 1.17% against the reference price on Friday, shaping up to register its worst day in two months.

“Expectations of a greater monetary tightening by the Federal Reserve to combat inflation and fears of a slowdown in world economic growth led investors to seek safety in the dollar,” said Janneth Quiroz, deputy director of analysis at Monex Grupo Financiero.

The benchmark S&P/BMV IPC stock index .MXX down 0.98% to 49,057.46 points, its level of closing lowest since late May 2021 and posting its third straight session of losses with a cumulative decline of 4.6%.

The titles of the low-cost airline Volaris VOLARA.MXwhich has become the largest airline in the country for passenger transportation, led the losses of the day, with 7.98% less at 27.66 pesos.

Previously, the company’s shares fell to 27.48 units, a level not seen since February last year.

In the debt market, the 10-year bond yield MX10YT=RR dropped five basis points to 9.15%, while the 20-year rate MX20YT=RR it fell one, to 9.38%.

This is how the dollar began the day

When starting operations, the dollar It was sold today, May 9, 2022, at 20.65 pesos in banks of the Mexico Citylike Citibanamex, while it was bought at a price of 19.52 pesos.

The Mexican peso depreciated this Monday before a global advance of the dollar and after news that local inflation accelerated to levels not seen in 21 years, reinforcing expectations that the central bank will raise its key rate again at its meeting this week.

The domestic currency was trading at 20.29 per dollar, with a loss of 0.81% against the reference price on Friday.

Previously, it fell 1.26% to 20.3885 units, at a time when the dollar hit a two-decade high.

In Mexico, the National Consumer Price Index (INPC) stood at 7.68% at the interannual rate, its highest level since January 2001, according to figures released by the statistics institute.

With information from Reuters/N+


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