2023-03-01 08:00:00
The US dollar starts the month with a slight downward trend.
On the morning of this Wednesday, March 1, the US currency fell slightly against various emerging currencies, including the Mexican peso, which marks its best two-month period in the last decade.
The currency’s performance is the result of a market that is waiting for the next monetary policy decision of the United States Federal Reserve (Fed). In recent months, the Central Bank has adopted an aggressive stance with the aim of bringing inflation down to two percent.
Currently, the inflation rate in relation to last January was positioned at 6.4 percent; being the lowest figure since June 2022; This shows that the Fed’s hawkish stance has paid off and suggests that further hikes will continue through much of 2023.
According to Minneapolis Fed President Neel Kashkari, the Bank is “keeping” an “open mind” about a further hike of 25 or 50 basis points. “I think my colleagues agree with me that the risk of not pushing too hard is greater than the risk of pushing too hard,” Kashkari said at a Sioux Falls Business CEO event.
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Price of the dollar today, March 1: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
Next, how much is the US dollar in Mexico and parts of Central America today, Wednesday March 1, according to the most recent update of Investing.comrecognized financial website with high impact globally.
Mexico: 18.1197 Mexican pesos (MXN)Costa Rica: 558.35 Costa Rican colon (CRC)Guatemala: 7.8100 quetzales (GTQ)Honduras: 24.6586 lempiras (HNL)Nicaragua: 36.5400 córdobas (NIO)BuyMexico: 18.1108 Mexican pesos (MXN) )Costa Rica: 555.00 Costa Rican colon (CRC)Guatemala: 7.8000 quetzales (GTQ)Honduras: 24.5173 lempiras (HNL)Nicaragua: 36.0800 córdobas (NIO)For SaleMexico: 18.1300 Mexican pesos (MXN)Costa Rica: 561.71 Costa Rican colon (CRC)Guatemala: 7 .8200 quetzales (GTQ) Honduras: 24.8000 lempiras (HNL) Nicaragua: 37.0000 córdobas (NIO)
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