
Currency exchange centers in Piedras Negras raised their dollar selling rate to 18.30 pesos, from 17.30 pesos, during the week. This differed from the Mexican peso’s 1.44% appreciation against the dollar reported by the Mexican Stock Exchange; local exchange centers often raise rates in the second half of November as year-end payments boost demand.
A higher local dollar selling rate can raise the peso cost of imported feed and other commodities, although the article also reports broader peso appreciation. The seasonal increase in demand for dollars may put upward pressure on the local exchange rate.
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