The Mexican peso has reached its best level so far this year, with an appreciation of 0.82% in the first few hours of Friday, with an exchange rate in banks of 16.45 units per dollar.

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Why is the peso appreciating?

According to the US Bureau of Labor Statistics, there was an increase in non-agricultural US income in March, which also means an increase in remittances to Mexico.

In other words, in March, there was a higher admission of dollars into Mexico than an exit of Mexican pesos.

Exchange rate in Tijuana

In Tijuana, dollars can be bought at 16.30 pesos with a slight 0.5 cent variation in exchange houses. Meanwhile, dollars can be sold at 16 units with a 0.5 cent variation.

There is a slight increase in sales compared to April 4 that showed a total of 16.27 units per dollar. This is the best appreciation of the Mexican peso since 2015.

It should be noted that in exchange houses in the United States, 1 dollar is being sold at 16.48 pesos.

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