Mexico City
At the start of operations, the price of the dollar was up to 20.71 pesos at banks on Monday. Meanwhile, the exchange rate the interbank rate is 20.25 pesos per dollar, with a gain of 0.21 percent.
Citibanamex is selling the dollar at 20.71 pesos, while BBVA Mexico does it at 20.50, Banorte at 20.70 pesos, Banco Azteca at 20.50 and Santander at 20.32 units.
The peso valued on Monday encouraged by an employment report in the United States and a multi-million dollar infrastructure plan from President Joe Biden, which has sparked global interest in risky assets.
How’s the exchange rate going?
Banco Base explained this in a report the valuation is attributed to a higher risk appetitebecause the US employment report reflects the economic recovery.
E.this too generates a weakening of the dollar against its major crosses in the exchange market, despite speculation in recent weeks that the recovery of the US economy could have accelerated enough to generate inflationary pressures, reinforcing speculation that the Federal Reserve could moderate its expansionary monetary stance.
Real time dollar
The euro is sold at the window for a maximum of 23.89 pesos and it is bought for 23.88 pesos. For its part, the pound sterling is offered at 28.15 pesos and bought at 28.14 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.44 pesos in the previous session per dollar.
With information from Reuters.
AMP