When starting operations, the price is of dollar Today Monday it is up to 20.47 pesos in banks. Meanwhile, the interbank exchange rate stands at 19.98 pesos per dollar, with a loss of 0.67 percent.
Citibanamex sells the dollar at 20.47 pesos, while BBVA Mexico does it at 8.29 pm, Banorte at 8.20 pm, Santander at 19.98 and Banco Azteca at 19.81 units.
The peso depreciated in a mixed session for emerging currencies as investors formalized a stimulus plan in U.S, as well as the distribution of covid-19 vaccines worldwide.
How’s the exchange rate going?
Basic sofa explained in a report that the depreciation of the peso is partly due to a greater perception of relative risk over Mexico, following the Minister of Energy the duration of import and export permits for fuel by the private sector of 20 to 5 years, which will have a negative effect on investment in the country and thus on the pace of economic recovery.
It should be noted that during the last sessions of the year, the volume of transactions in the foreign exchange market decreases, which tends to cause quiet sessions, but increases the risk of periods of volatility in the face of news or other events.
“Most currencies are gaining ground against the dollar as risk perception declines after President Donald Trump signed the $ 900 billion stimulus package pegged to the fiscal 2021 spending budget of $ 1.4 trillion.”
He emphasized that the new stimulus package includes $ 300 per week in unemployment support which is available until March 14, a round of $ 600 per person direct checks is also included, as well as funding for schools, small businesses and for distribution. vaccines against covid19, among other aids to stimulate economic recovery.
“It is likely that Covid-19 will continue to be the source of adverse news globally, so the markets’ optimism could be temporary,” he said.
Dollar in real time
He euro It sells at the window for up to 24.75 pesos and is bought for 24.43 pesos. For his part, pound sterling It is being offered for 27.25 pesos and bought for 26.97 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 19.85 pesos in the previous session per dollar.
With information from Reuters
The fact is, you don’t have to worry.
MRA