The Mexican Super Peso remained stable today, Monday, August 12, and was trading at 18.82 pesos per dollar United States.
After a fall in the Mexican Super Peso due to the “Black Monday” event on August 5, the national currency began to appreciate rapidly against the dollar.
This Monday, the exchange rate started at 18.8296 pesos per dollar in the foreign exchange market.
Mexican Super Peso Continues to Recover, Reaching 18.82 Pesos per Dollar
The Mexican Super Peso continues its recovery against the US dollar. Today, Monday, August 12, the exchange rate opened at 18.8296 pesos per unit.
By 15:20 UTC, the weight reached 18.9395 pesos per dollar; however, the national currency remains below 20 pesos per dollar.
Exchange rate: peso to dollar (Screenshot)
Mexican Super Peso Plummets on “Black Monday” and Reaches 20 Pesos per Dollar
On Monday, August 5th, the exchange rate collapsed the Mexican Super Peso that arrived at 20.0286 pesos per dollar, dealing a blow to the national currency.
This is due to the “Black Monday” event, where the stock markets of Japan and Europe registered a fall that also affected other currencies such as the euro and the dollar.
The Mexican Super Peso reported a fall to 20 pesos per dollar at 4:24 hours, UTC, and at 13:27 hours, that is, at 7:27 hours, local time in Mexico City. The currency managed to reach 19.65 pesos per dollar.
This value was even higher than the one recorded on Sunday, August 4, when it exceeded 19.50.
However, by August 8, the dollar reached 18,8722 pesos, representing its best value since March 2022.