The dollar has maintained incipient strength during the week, as it recovered part of its value against the Mexican peso, although in the last year it has recorded considerable losses. For now, if we compare the quotes of recent weeks, the price of the dollar today in Mexico, this Friday, June 19, is positive for migrant workers who send remittances to their families in their country.

For the opening of this Friday, June 19, the dollar was quoted at $17.32 pesos. However, although it is a redeemable figure, the Bank of Mexico (Banxico) reported that the dollar closed on Thursday with a price of $17.3613 pesos per greenback, which represented a decrease of -0.2%.

Meanwhile, in the last week, the dollar has registered an advance of 0.72%, according to Dow Jones data. Despite this sudden surge, the greenback has still not achieved the strength of yesteryear, as it shows a fall of 7.58% year-on-year.

Although the dollar has not fully recovered and continues to have a negative exchange rate trend with the Mexican peso, it registers a current volatility of 4.73%, below the reference volatility of 7.54%. This means that there is not as much daily fluctuation between the dollar and the peso (the price does not change as much), which suggests an environment of greater exchange stability and less uncertainty in the market.

On the other hand, Banxico also showed that the FIX exchange rate published in the Official Gazette of the Federation (DOF) for this Friday, June 19, was established at $17.3688 pesos per dollar. In addition, the exchange rate for the payment of obligations denominated in foreign currency was set at $17.1892 pesos per unit.

The FIX exchange rate is the official reference of the dollar in Mexico, calculated daily by Banxico from the average of the wholesale exchange market quotes. This indicator is used as a basis for contracts, financial obligations and operations that require an official exchange rate, although it may differ from the price offered by banks and exchange houses to the public.

Dollar exchange rate today in Mexican banks

Despite the official prices between the dollar and the peso, the purchase and sale quotes in the main banks in Mexico for this Friday, June 19, are the following:

When comparing the bank quotes of this day, BBVA Bancomer presents the lowest sales price, which makes it one of the most attractive options for those looking to acquire foreign currency. On the other hand, Banamex offers the best purchase price, positioning itself as the most convenient alternative for those who want to sell dollars over the counter.

Due to its proximity to the United States and the demand that this generates, dollar prices in Mexico on the northern border show a sale price of $17.64 pesos and a purchase price of $16.51 pesos.

In the exchange houses on the Tamaulipas border, the US currency is sold for around $17.50 pesos and purchased for approximately $16.50 pesos. For those who cross the border or carry out operations in Baja California, the price of the dollar in Tijuana for this Friday is around $17.35 pesos per unit.

If you send remittances through international money transfer companies, Western Union offers a price of $16.99 pesos per dollar, while MoneyGram quotes an exchange rate of $17.81 pesos per unit.

What affected the price of the dollar today?

Peace negotiations between the United States and Iran have stopped, creating uncertainty in the markets. However, the transit of ships through the Strait of Hormuz was resumed. Due to this situation, the stock market began the day with a considerable drop and oil prices rebounded this Friday.

Although the price of Brent oil stabilized this Friday, it maintained a weekly drop of more than 8%, while the July contract for West Texas Intermediate (WTI) crude oil from the United States rose 79 cents, or 1%.

This is how oil prices started this Friday:

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