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Last News
  • Pepsico invests US$56.6 millions in treatment plant
  • Chihuahua will manufacture an airplane by 2023
  • The first machines for Audi plant have arrived
  • Interjet reports the results of Mexico-Bogota route a year after it started operating
  • Altamira Port will receive investments for US$75.5 million in 2014
  • OMA will invest US$26.5 million in the new Acapulco terminal
  • Audi, BMW and Mercedes looking for suppliers in Mexico
  • Auto parts company starts operations in Parral
  • Cesar Duarte will travel to China to “secure” assembly plant
  • Guanajuato Inland Port grows with new tenants
  • A new Hyundai plant may be installed in Nuevo Leon
  • Aeromexico and Mexico City Government inaugurate the first "CDMX" airplane to promote tourism
  • Jalisco attracts German investment in the automotive and aerospace industries
  • Kostal Group will build a second plant
  • The Minister of the Economy inaugurated 2 new plants in Bafar Complex
  • Amistad Welcomes Mahle and TitanX
  • Zacatecas, with everything to have an Automotive Cluster
  • Collaboration Agreement entered by the SLP Government and the company BMW, S.A. de C.V.
  • The Mexican and German Ministers of Foreign Affairs inaugurated an industrial plant in Mexico
  • Nemak will invest US$200 million in two plants
  • US Dollar and Euro rate of exchange down

    Mexico.- The rate to exchange Mexican Pesos for US Dollars and Euros dropped 13 cents and 2 cents respectively, and were sold for MXP$13.86 and MXP$17.64 at banks in Mexico City. Upon closing the business day last Tuesday, the minimum rate to buy those currencies were MXP$13.29 for US$1 and MXP$17.16 for €1. According to Monex, the measures expected to be announced by the Fed next Wednesday encouraged capitals to enter the Mexican debt market, which in turn caused an appreciation of Mexican Peso against the US Dollar. Banco de Mexico (Banxico) set the rate of exchange to settle obligations in foreign currency payable in Mexico in MXP$13.7033.
    Source: Notimex | Date: 21/06/2012