Mexico City /
When starting operations, the price is of dollar Today Monday 20.66 pesos arrived banks. Meanwhile, the exchange rate The interbank exchange rate is 20.18 pesos per dollar, with a gain of 0.90 percent.
Citibanamex sells the dollar at 20.66 pesos, while BBVA Mexico does it at 8.46 pm, Banorte at 8:25 pm, Santander at 20.19 and Azteca Bank in 19.82 units.
The peso depreciated to its weakest level of the year for the third session due to renewed concerns about the progression of the coronavirus pandemic.
How’s the exchange rate going?
Basic sofa explained in a report that the depreciation of the peso is due to two main factors; First, because speculative positions in favor of the peso are undone in the market, something that also happens with other currencies.
In the Chicago futures market, net speculative positions (as of Jan. 5) were localized against the peso in 7,723 contracts, waiting three weeks for the Mexican peso to depreciate against the dollar. The above had not happened since June 2018.
“Positioning against the peso may be partly driven by the expectation of higher secondary market interest rates in the United States, given the possibility that the new Joe Biden administration will implement more aggressive fiscal stimulus. Over the year, the yield on 10-year government bonds is up 19.4 basis points to 1.11 percent, ”he said.
Second, because of the possibility that Banco de México will resume interest rate cuts on February 11. In their latest monetary policy minutes, two members of the Board of Directors highlighted the importance of an interest rate cut at the December meeting.
Dollar in real time
He euro It sells at the window for up to 25.03 pesos and is bought for 24.49 pesos. For his part, pound sterling It is offered at 27.25 pesos and will be acquired at 26:30 pesos.
He Bank of Mexico (Banxico) recorded an exchange rate of 19.97 pesos the previous session per dollar.
With information from Reuters
MRA
; 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.