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The value of the Mexican peso against the dollar during 2022

everywhere 2022The Mexican peso exchange rate against dollar It has been influenced by various factors, among them forecasts of global…

By admin , in news , at May 11, 2022 Tags: , ,

everywhere 2022The Mexican peso exchange rate against dollar It has been influenced by various factors, among them forecasts of global economic growth.

According to Deloitte’s Economic Intelligence Service, in its May report, Mexican Peso It returned above its psychological level of $20 units per dollar, showing an upward trend, with expectations of a close of 20.4 pesos per dollar for the month.

“Monetary policy remains the most influential factor on the behavior of the USD/MXN exchange rate,” indicates the report.

it has been added that Dollar gains ground against most currenciesAs an effect of the expectation that the Federal Reserve will impose more and more restrictions in its monetary stance.

Mexican Peso vs Dollar Exchange Rate Expectations in 2022:

The Deloitte Report indicates that estimates for exchange rate Mexican peso against dollar 20.4 units for the end of this month of May, and 20.9 pesos for the end of December of the year 2022.

Read more: Mexico will be one of the first countries to have its own digital currency: SHCP

Economic analysts say that the policy of Kovid-Zero implemented by the Chinese government Slowing economic growth stemming from “disrupted supply chains and low global demand”.

Among the factors that determine the behavior of the Mexican peso’s exchange rate against the dollar, are the movements that can be made in the context of monetary policy in the United States.

Other aspects are added, such as Possible Adjustments of Bank of Mexico Interest in raisins, usually following in the footsteps of the United States Federal Reserve.

Read more: AMLO’s anti-inflation plan will not have desired scope, warns Copermex

Markets will continue to be affected by risk aversion from the potential repercussions of a war between Ukraine and Russia in Eastern Europe, even as synergies between the two countries progress.

Deloitte estimates that the unity in political affairs shown by the government’s opposition to power reform has created certainty among investors.

The value of the Mexican peso against the dollar during 2022

2022-05-11 22:09:06