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

1 answers

• Nov 26, 2021 · 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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