USD/MXP rate of exchange shoots up due to Greek crisis
Mexico.- Under pressure due to political trouble in Greece and the risk this country will fail to meet their commitments on reforms to be made, stock exchanges were ‘painted’ in red and the Mexican currency suffered a slight setback.
Operations with US Dollars showed a trend up in the main bureaus de change.
For example, in Banamex the US Dollar was sold 14 cents over the day before, MXP$13.79 for US$1, the highest rate since January 9 and the US Dollar was bought for MXP$13.24.
In BBVA Bancomer, the US Dollar was purchased for MXP$13.24 and sold in MXP$13.80, which means 12 cents over the previous trading day.
Source: Reforma | Date: 16/05/2012