When starting operations, the price is of dollar Today Monday it is up to 20.38 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.20 pesos per dollar, with a loss of 0.62 percent.
Citibanamex sells the dollar at 20.59 pesos while Banorte does it at 8.40 pm, BBVA Mexico at 8.38 pm, Santander at 20.10 and Azteca Bank in 19.20 units.
The peso depreciated at the start of a week when relevant economic information will be available, such as local inflation data and the monetary policy announcement of the Bank of Mexico, while the market awaits news of a new tax support program in U.S.
How’s the exchange rate going?
Basic sofa explained in a report that the peso started the session with a depreciation due to a moderate strengthening of the US dollar which rose against most currencies, with the Mexican peso depreciating the second most after the South African rand, which lost 0.71 percent, followed by the Hungarian forint which lost 0.51 percent and the Swedish krona with 0.50 percent.
“In United States, Janet Yellen He pointed out the importance of approving strong fiscal stimuli to stimulate the economic recovery, especially the recovery of the labor market. The Minister of Finance indicated that with appropriate support, full employment could be returned in 2022. However, if the necessary incentives are not provided, it may take a while for the labor market to recover until 2025, ”he explains.
Therefore, Yellen’s comments raise the likelihood that the Biden government will promote expansionary fiscal policies in the coming months as capital markets start the week on an upward trend.
In relevant news, the Ministry of Finance reported that from Friday, the stimulus in the collection of the Special tax on production and services (IEPS) from gasoline. The incentive is 2.79 percent per liter for gasoline below 91 octane, so consumers are now paying about 4.9719 pesos per liter, instead of 5.1148 pesos.
On the other hand, it is circulated in the media that the Bank of Mexico, the Ministry of Finance and the Bank of Mexico Association will today submit a proposal to support migrants and their families in addressing the problem that has arisen in the reform of the Bank of Mexico. Mexico law.
“It is a mechanism for Mexican families to exchange dollars for cash in the national territory through the Banco del Bienestar. It is important to remember that the proposal to reform the Bank of Mexico law has created a greater perception of relative risk to the Mexican economy as it undermines the autonomy of the Central Bank. In that sense, today’s proposal will be relevant as it could reduce or eliminate the likelihood that Banxico’s autonomy will be violated, ”he recalled.
Dollar in real time
The euro It sells at the window for up to 24.75 pesos and is bought for 24.24 pesos. For his part, pound sterling It is offered for 28.20 pesos and is acquired for 27.61 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.13 pesos the previous session per dollar.
With information from Reuters
MRA
The fact is, you don’t have to worry.
The fact is, you don’t have to worry.
The fact is, you don’t have to worry.