When starting operations, the price is of dollar today Thursday it is up to 21.22 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.67 pesos per dollar, with a gain of 1.53 percent.
Citibanamex sells the dollar at 21.22 pesos per dollar while BBVA Mexico does it in 20.94, Santander at 20.77 and Azteca Bank in 20.51 units.
The peso has been written off despite the fact that the dollar fell to a three-year low after the president of the Federal Reserve of the United States Jerome Powell, reiterated that the central bank will not tighten its monetary policy until the world’s largest economy improves. 
How’s the exchange rate going?
Basic sofa explained in a report that the exchange rate rise is linked to external factors and increased risk aversion to the Mexican economy:
In the first, he said, a contagion effect is seen from the South African rand and Turkish lira depreciating 2.07 percent and 1.12 percent respectively. On the one hand, the Turkish lira is losing ground on speculation that that country’s central bank could be under pressure to avoid further hikes after interest rates have risen to one month and have been revised by 675 basis points in the past month. four months. While the South African rand is losing to a greater perception of internal risk due to doubts as to whether it can meet its budget budget targets presented on Wednesday, rating agency Fitch Ratings reported it will be a political challenge for the South African government. are to implement the budget.
Second, there is a strong upward movement in government bond yields as there is still speculation that the Federal Reserve’s generally flexible monetary policies could put upward pressure on inflation.
The 10-year government bond yield is up 7 basis points and is close to 1.45 percent, to a maximum of 1.46 percent, a level not seen since February 21, 2020.
Finally, a greater perception of risk persists in Mexico. “Going forward, Mexico’s economic recovery is expected to be slow due to the vaccination process that has been limited and the implementation of policies and changes to laws that prevent investment, highlighting the recently approved reform of the electricity industry law in the Chamber of Deputies.”
Likewise, the data released this morning from the IGAE to December shows a stagnation in the economic recovery through December due to the effects of the pandemic during the month.
Dollar in real time
The euro sell yourself at the window for up to 29.38 pesos and bought at 29.37 pesos. For his part, pound sterling It is offered for 28.92 pesos and bought for 28.91 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.47 pesos in the previous session per dollar.
With information from Reuters
MRA