When starting operations, the price is of dollar today Friday it is up to 20.65 pesos in banks. Meanwhile, the exchange rate interbank stands at 20.40 pesos each dollar, with a loss of 0.59 percent.
BBVA Mexico sell the dollar for 20,65, Banorte at 20.60, Santander at 8.42 pm and Azteca Bank in 20.26 units.
The currency depreciated for the fifth day in a row on Friday amid ongoing concerns about the impact on local industry of the disruption of natural gas supplies from Texas in the face of unusual weather conditions. In the past five sessions, the local currency has weakened 2.4 percent.
How’s the exchange rate going?
Banco Base explained in a report that the Mexican peso is the most depreciated currency in the session and the most depreciated in the week as it has lost ground in five consecutive sessions and accumulated a 2.20 percent decline. The second most depreciated currency of the week is the Colombian peso at 0.84 percent, followed by the Brazilian real at 0.66 percent.
The performance of the peso in the foreign exchange market is evidence of a greater perception of risk with regard to Mexico, due to the effects of low temperatures in Texas on energy prices and their availability in Mexico, as well as the upcoming discussion and approval of the Electric Industry Act .
Today, the Chamber of Deputies’ Energy Commission is discussing a proposal for an approval opinion for the reform of the electricity law proposed by the President of the Republic a few weeks ago.
After approval by the committee, the opinion will be sent to the plenary session of the Chamber of Deputies for discussion and final approval, which, as it is a reform of a secondary law, requires a simple majority. This legislative reform would lead to: 1) increases in electricity prices for consumers, 2) pressure on public finances and 3) greater uncertainty about the T-MEC as it does not comply with it.
The rest of the financial markets are optimistic, with most currencies gaining ground against the dollar.
Dollar in real time
The euro It is sold at the window for up to 25.22 pesos and was bought for 25.05 pesos. For his part, pound sterling It is offered for 28.90 pesos and bought for 28.50 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.41 pesos in the previous session per dollar.
With information from Reuters
MRA