Mexico City
When starting operations, the price is of dollar today Monday it was up to 21.08 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.69 pesos per dollar, with a loss of 0.99 percent.
Citibanamex sells the dollar at 21.08 pesos, while Banorte it makes 20.90 pesos, BBVA Mexico does it at 20.87, Santander at 8:51 pm and Azteca Bank at 20.50 units.
The peso depreciated as investors opted for safer assets, following the abrupt decision of Turkey to replace the head of the central bank, a decision that raised concern in other financial markets. 
How’s the exchange rate going?
Basic sofa explained in a report that the foreign exchange market is performing mixed against the dollar, as market participants wait for new signals about the future of US economic policy.
Today, Fed President Jerome Powell will participate in a panel of the Bank for International Settlements where he could again discuss the issue of the path monetary policy will take, while it will be presented on Tuesday and Wednesday. , as well as the Secretary of the Treasury, Janet Yellen, on committees of the House of Representatives and the Senate, ”he said.
Other relevant events are the bond auctions of the Treasury in the United States next Wednesday, the day when $ 61 billion in 5-year bonds will be auctioned, while $ 62 billion in 7-year government bonds will be auctioned on Thursday, which will be followed with special attention.
“Much of the upward push on the dollar came after the last 7-year government bond auction on February 25, when demand for the instrument declined. Demand for debt instruments has fallen over the past month in an effort by investors to reduce their exposure to future monetary policy adjustments to a less flexible stance, ”he said.
So far this session, the exchange rate has traded between a minimum of 20.6085 and a maximum of 20.8813 pesos per dollar. The write-down is a direct result of a higher risk perception of Turkey after President Recep Tayyip Erdogan fired central bank governor Naci Agbal, who was in charge of the bank in which the monetary policy rate was revised for four months. 875 basis points to 19 percent.
The uncertainty is expected to continue in the Turkish markets as the Istanbul stock market loses 9.52 percent, while in the bond market the rate of 10-year Turkish bonds issued in dollars rises 150 basis points to 7.46 percent hundred.
Real time dollar
The euro It sells at the window for up to 25.06 pesos and is bought for 24.57 pesos. For his part, pound sterling It is offered for 28.95 pesos and can be bought for 28.51 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 20.48 pesos in the previous session per dollar.
With information from Reuters
MRA