The price of the dollar in Mexico continues to be of great interest, especially due to a recent increase that has caused concern among consumers. After a period in which the dollar remained stable at around $16.50 per unit, it is now increasing and has even reached $20.79 in some banks
What is the price of the dollar in Tijuana today?
The value of the dollar varies depending on location and exchange shop. San Diego Red recently went to several different exchange shops in Bulevar Agua Caliente, near the San Ysidro Port of Entry. Data reveal that on Tuesday, August 28, the dollar was being sold at $18.90, a significant increase compared to the $18.59 of yesterday. This has caused speculation that the dollar could soon exceed $19 in the region.
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Why is the dollar price increasing?
Several factors have caused the dollar price to increase. First, there is political uncertainty in Mexico due to the upcoming presidential administration which has caused market instability. In addition, US elections, which will take place on November 5, is also influencing the exchange rate creating a volatile environment for the Mexican currency.
Dollar prices at different banks
If you're planning on using a card from a Mexican bank in the United States, you should know the dollar prices from several different banking institutions. Here's a list of their prices:
- Banco Azteca: $20.05
- Banco de México, FIX: $19.6692
- Bank of America: $20.79
- Banorte: $20.10
- BBVA Bancomer: $19.74
- Citibanamex: $20.26
- Monex: $20.41
These are some examples, and it is recommended to compare prices before doing any sort of purchases with dollars.
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