At the beginning of operations the price of dollar today Thursday is up to 21.22 pesos in banks. Meanwhile, the interbank exchange rate amounts to 20.67 pesos per dollar, with a gain of 1.53 percent.
Citibanamex sells the dollar at 21.22 pesos per dollar, while BBVA Mexico does it in 20.94, Santander at 20.77 and Azteca Bank in 20.51 units.
The peso depreciated despite the fact that dollar fell to three-year lows after the president United States Federal Reserve, Jerome Powell, reiterated that the central bank will not strengthen its monetary policy until the world’s largest economy improves. 
How is the exchange rate going?
Basic bank explained in a report that the exchange rate increase is associated with external factors and a greater risk aversion to the Mexican economy:
In the first of them, he said, there is a contagion effect among the South African and the Turkish lira which depreciates by 2.07 percent and 1.12 percent, respectively. On the one hand, the Turkish lira is losing ground due to speculation that the country’s central bank may be under pressure to avoid further interest rate hikes after the rate rose one month and was adjusted upwards by 675 basis points in last four months. While the South African side is losing ground due to a higher perception of domestic risk due to doubts that it can meet its fiscal budget targets presented on Wednesday, the rating agency Fitch Ratings reported that it will be a political challenge for the South African government to implement budget implementation.
Second, there is a strong upward movement in the rate of return on Treasury bonds, as there is still speculation that the generally flexible monetary policy measures of the Federal Reserve could generate upward pressures on inflation.
The rate of 10-year treasury bonds increases by 7 basis points and approaches 1.45 percent, reaching a maximum of 1.46 percent, a level not seen since February 21, 2020
Finally, a higher perception of risk persists in Mexico. “In the future, Mexico’s economic recovery is expected to be slow due to the limited vaccination process and the implementation of policies and changes in laws that inhibit investment, highlighting the recently approved reform of the Electricity Law in the Chamber of Deputies.”
Also, data released this morning from the IGAE until December shows a stagnation of the economic recovery until December due to the effects of the pandemic during the month.
Real time dollar
euro Sell yourself at the window at a maximum of 29.38 pesos and bought at 29.37 pesos. In turn, pound It is offered at 28.92 pesos and is purchased at 28.91 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.47 pesos per dollar.
With information from Reuters
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