Mexico City /
The peso closed the last day of the year at 19.95 pesos per dollar, which depreciated by 1.06 pesos compared to the end of 2019, culminating in the worst year of 2016, affected by the impact of the coronavirus pandemic.
Last April, the exchange rate reached a maximum price of 25,306 pesos per dollar, the month in which emergency health measures for the covid-19 pandemic began with greater rigor.
The dollar in the banks
In banks, the US currency closed the year up to 20.38 pesos, as is the case Citibanamex. While, BBVA Mexico did it in 20.14 units and Banorte the 20.25 pesos.
Banco BASE’s director of economic and financial analysis, Gabriela Siller, pointed out that the depreciation of the peso against the dollar in April last year was the highest since 2016, when it lost 20.45 percent after the US presidential election in which Donald Trump was the winner, pointing out that the Mexican peso has gained ground for three consecutive years from 2017 to 2019.
For 2021, it estimates lower volatility, because after a year full of ups and downs, there will generally be a quiet year. As for the pandemic, vaccine distribution is likely to continue mainly in advanced economies and even when global availability is not available, this would reduce investors’ risk aversion, he said.
Dollar in real time.
LVM