When starting operations, the price is of dollar Today Monday it is until 21.09 pesos in banks. Meanwhile, the exchange rate interbank stands at 20.66 pesos each dollar, with a loss of 0.91 percent.
Citibanamex sells the dollar at 21.09 pesos per dollar while BBVA Mexico does it at 20.90, Santander at 20.87 and Azteca Bank in 20.51 units.
The weight gained after stabilization in the global bond market, and that the United States House of Representatives approved an aid package to deal with the crisis in the world’s largest economy caused by the coronavirus pandemic.
How’s the exchange rate going?
Basic sofa explained in a report that the exchange rate reflects lower volatility compared to what was observed last week. The rest of the forex market is also calm as most currencies show moderate variations. The factors influencing the valuation of the weight this morning and the stability of the market.
This is because upward pressure on government bonds has eased, with 10-year yields hovering around 1.44 percent this morning, after peaking at 1.60 percent last Thursday.
Worldwide, several central banks have responded to interest rate hikes in the secondary market, mainly the Reserve Bank of Australia, which increased bond purchases without notice, and the European Central Bank, where an official noted that monetary stimulus could be expanded in the event that rate increases affect economic growth.
Also, the currencies with the highest gains mainly come from commodity producing or emerging economies, such as the Turkish lira, which appreciated 2.69 percent after being the most depreciated last week when it lost 6.63 percent. Today, the most valued currencies after the Turkish lira are the Chilean peso at 0.87 percent, the Norwegian krone at 0.85 percent, the Russian ruble at 0.67 percent and the Canadian dollar at 0.51 percent.
“The Mexican peso is ranked ninth among the most valued,” he said.
Finally, on Saturday morning in the United States, the House of Representatives approved the new stimulus package, which includes the extension of unemployment benefits and financing for local governments. Now the discussion is moving to the Senate, where it is expected to be approved before March 14, when current unemployment benefits expire.
Real time dollar
The euro It is sold at the window for up to 25.37 pesos and it is bought for 24.82. pesos. For his part, pound sterling It is offered for 28.72 pesos and bought for 28.71 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.93 pesos in the previous session per dollar.
With information from Reuters
MRA