Mexico City /
The peso closed the last day of the year at 19.95 pesos per dollar, posting a 1.06 peso depreciation compared to late 2019, culminating in the worst year since 2016 hit by the impact of the coronavirus pandemic.
Last April, the exchange rate reached a maximum price of 25,306 pesos per dollar, the month when emergency health measures for the Covid-19 pandemic kicked off tougher.
Dollar in banks
At banks, the US currency closed the year at 20.38 pesos, as is the case Citibanamex. While, BBVA Mexico did it in 20.14 units and Banorte at 20.25 pesos.
Banco BASE’s director of economic-financial analysis, Gabriela Siller, emphasized that the peso’s depreciation against the dollar last April was the highest since 2016, when it lost 20.45 percent, after the US presidential election, in which Donald Trump was the winner, emphasizing that the Mexican peso had gained ground for three consecutive years from 2017 to 2019.
It estimates less volatility for 2021, because after a year full of ups and downs it usually follows a quiet year. In terms of the pandemic, vaccine distribution is likely to continue mainly in advanced economies, and even if global availability is not available, it would lessen investors’ risk aversion, he said.
Dollar in real time.
Lvm