Saturday 25 May 2013
In just one day the average US Dollar/Mexican Peso rate of exchange in Ciudad Juarez went up 16 cents, going from MXP$13.29/USD$1 to MXP$13.45/USD$1. According to a survey made by a local newspaper, US Dollars were offered for up to MXP$13.49 in Banamex and Banorte banks. The lowest price was offered by San Luis Bureau de Change: MXP$12.90/USD$1.
Specialists pointed-out that the reason for the fluctuation is related to political conflicts in Europe. Therefore, interbank rate of exchange closed in its highest level since January 17 –almost 4 months– and US Dollars were sold for MXP$13.3795.
Leticia Armenta Fraire, Head of Economic Analysis Center in Tecnologico de Monterrey, Mexico City Campus, said that the political factor is generating much uncertainty in financial markets.
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