When starting operations, the price is of dollar today Friday it is up to 21.69 pesos in banks. Meanwhile, the interbank exchange rate is at 21.37 pesos per dollar, with a gain of 1.23 percent.
Citibanamex sells the dollar at 21.69 pesos per dollar while BBVA Mexico does it at 9:52 pm, Banorte at 9:35 pm, Santander at 21.23 and Azteca Bank in 21.05 units.
The peso was valued in a market awaiting a speech from US Federal Reserve President Jerome Powell, where he is likely to reiterate that the monetary stimulus will be maintained for an extended period of time.
How’s the exchange rate going?
Basic sofa explained in a report that the peso starts the session with an exchange rate hitting a minimum of 21.08 and a maximum of 21.41 peso per dollar, a level not seen since November 4, 2020. For a moment, the Mexican peso had depreciated the currency more. . The depreciation of the peso is due to 3 factors:
In U.SThe monthly employment report found that 379 thousand jobs were created in February, well above the 200 thousand expected by the market, showing an acceleration in the labor market recovery, driven by the relaxation of detention measures and progress in the vaccination campaign . Monthly job creation is the highest since November 2020.
The unemployment rate it fell slightly to 6.2 percent from the 6.3 percent in January. However, if we take underemployment into account, the percentage rises to 11.1 percent.
Overnight, the exchange rate reached levels above 21.25 pesos per dollar, before the dollar strengthened after the president of the Fed, Jerome Powell, acknowledged that inflationary pressures could be observed this year, so the market continues to speculate about the possibility of the Fed taking a more contracting monetary stance if inflation rises more strongly than expected.
Greater perception of risk about Mexico after Senate reform Electricity Sector Act, worsening the business environment in the country and creating the conditions for a slow recovery in investment. In the currency market, the Mexican peso remains one of the most depreciated currencies of the week.
Real time dollar
The euro It is sold at the window for up to 25.81 pesos and is bought for 25.29pThat. For his part, pound sterling It is offered at 29.65 pesos and acquired at 29.35 pesos
The Bank of Mexico (Banxico) recorded an exchange rate of 20.84 pesos in the previous session per dollar.
With information from Reuters
MRA