When starting operations, the price is of dollar Today Monday it is down to 20.46 pesos in banks. Meanwhile, the interbank exchange rate stands at 19.96 pesos per dollar, with a loss of 0.04 percent.
Citibanamex sells the dollar at 20.42 pesos, while Banorte does it at 8:25 pm, BBVA Mexico at 8.21 pm, Santander at 19.94 and Azteca Bank in 19.76 units.
The peso operated with little change from its previous closing price due to a fall in the dollar and in a session where lower liquidity is expected due to a holiday that the financial markets of U.S
How’s the exchange rate going?
Basic sofa He explained in a report that the peso starts the session with little change from Friday’s closing price, while the forex market shows a weakening of the US dollar, with the dollar-weighted index losing 0.11 percent, pushing the downtrend. is resumed. The peso’s poor valuation is due to a combination of factors, including the following stand out:
1. Optimism is observed in the global financial markets, starting with the Asian session. In Japan, quarterly economic growth of 3 percent was released today during the fourth quarter, exceeding expectations of 2.4 percent.
This had a positive impact on the capital market with the Nikkei 225 index rising 1.91 percent. European capital markets have followed the trend with overall gains, with major indices gaining an average of 0.98 percent. In the United States, the financial markets (capitals and bonds) will remain closed for President’s Day, so a low volume of transactions is expected in the forex market.
2. Oil prices have risen in the commodity market. The WTI price starts with an advance of 1.90 percent and trades at $ 60.60 a barrel, reaching a maximum of $ 60.95, a level not seen since January 8, 2020. Oil prices are rising as a result of the cold front that hit the state of Texas. in the United States and that has slowed crude oil production in the region, which normally represents about 50 percent of US crude oil.
Oil production in the region has fallen by about 1 million barrels per day from the nearly 6 million barrels normally produced per day.
Finally, cases of Covid-19 continue to slow: 84,000 infections were recorded in the United States on Saturday, below the seven-day average of 97,000. The UK authorities have announced that they have already achieved their first goal of vaccinating all people over 70, as well as health workers. This also contributes to the optimism of the financial markets.
As for pertinent news, the vaccination plan for older adults in rural areas has started today in Mexico. The Ministry of Health pointed out that they currently only have 870 thousand doses, so the application of vaccines in urban areas would have no impact.
Dollar in real time
The euro It sells at the window for up to 24.55 pesos and is bought for 24.65 pesos. For its part, the British pound is on offer at 28.00 pesos and bought for 27.05 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 19.96 pesos the previous session per dollar.
With information from Reuters
MRA