Dollar Nears Record High in Mexico Amid Gains in Colombia and DR

The US dollar has been making significant moves in several Latin American countries, with Mexico being one of the most affected. As of this Friday, September 11, the dollar is nearing 17 pesos in Mexico and is approaching the 17-peso barrier for the first time since recent fluctuations. The reference exchange rate from Banxico, the country's central bank, is at 16.9722 pesos per dollar, with purchase prices ranging from $16.68 to $17.20, depending on the bank or establishment. For consumers, this means that the cost of purchases and travel will be affected by the strengthening US currency.

In Colombia, the decline of the dollar has slowed down, with official exchange rates remaining around 3,100 pesos per dollar. The Bogotá currency market is also seeing a similar trend, with purchase prices ranging from $3.103 to $3.223. While this may be beneficial for those who need US dollars for purchases or international payments, it could mean that families receiving remittances will get fewer Colombian pesos in exchange.

The dollar is also on the rise in the Dominican Republic, with exchange rates exceeding 59 Dominican pesos per US dollar in sales. This has significant implications for households that rely on remittances and consumers who make payments linked to the US currency.