Mexico City
When starting operations, the price is of dollar Today Tuesday it is up to 21.12 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.66 pesos per dollar, with a loss of 0.11 percent.
Citibanamex sells the dollar at 21.12 pesos per dollar while BBVA Mexico does it in 20.92, Banorte at 20.90, Santander at 20.66 and Azteca Bank in 20.46 units.
The peso depreciated slightly on a strong dollar, which rose for the fourth day in a row following a recent rise in bond yields.
How’s the exchange rate going?
Basic sofa explained in a report that the peso started the session with a depreciation, with the exchange rate trading between a minimum of 20.62 and a maximum of 20.78 pesos due to the US dollar strengthening again, with the weighted index rising 0.10 percent relative to the major crosses, due to the upward trend in government bond interest rates.
“In the money market, 10-year government bond yields are up from 2.2 basis points to 1.44 percent, up for the second consecutive session.
The foregoing confirms that the downward movement in the exchange rate during Monday’s session was mainly a correction, but the risk remains that the exchange rate will resume resistance to 21.00 pesos per dollar in the near term.
In recent sessions, “the performance of the exchange rate has mainly depended on external factors. However, there are internal risk factors that can increase volatility. Last night, the Senate committees in Mexico approved through fast road the minute of the reform of the electricity industry law, without making any changes. Now the reform will be discussed in the full Senate and could be approved as soon as possible. The legislative process would end with the promulgation of the law in the nation’s official gazette.
During the session, the exchange rate is expected to trade between 20.62 and 20.89 pesos per dollar.
Real time dollar
The euro It will be sold at the window for up to 25.37 pesos and will be bought for 24.87 pesos pesos. For his part, pound sterling It is offered for 29.10 pesos and is bought for 28.15 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.61 pesos in the previous session in front of dollar
With information from Reuters
MRA