Mexico City /
At the beginning of operations the price of dollar Today Tuesday is up to 21.12 pesos in banks. Meanwhile, the interbank exchange rate amounts to 20.66 pesos per dollar, with a loss of 0.11%.
Citibanamex sells the dollar at 21.12 pesos per dollar, while BBVA Mexico does it at 20.92, Banorte at 20.90, Santander at 20.66 and Azteca Bank in 20.46 units.
The peso depreciated slightly to a strong dollar, which rose for the fourth day in a row after a recent rise in bond yields.
How is the exchange rate going?
Basic bank explained in a report that the peso started the session with a depreciation, trading the exchange rate between a low of 20.62 and a high of 20.78 pesos due to the fact that the US dollar is consolidating again, whose weighted index advances by 0.10% compared to its main crossings, due to the upward trend in interest rates on treasury bonds.
“On the money market, the rate of return of 10-year Treasury bonds shows an increase of 2.2 basis points, reaching 1.44 percent, increasing for the second consecutive session.
The above confirms that the downward movement of the exchange rate during Monday’s session was mainly a correction, but the risk remains that the exchange rate will return to the resistance of 21.00 pesos per dollar in the short term.
In recent sessions, “exchange rate performance has mainly depended on external factors. However, there are internal risk factors that could increase volatility again. Last night, Mexican Senate committees approved by fast circuit the minute of the reform of the Electricity Industry Law, without making any changes. Now, the reform will be discussed in the plenary of the Senate and could be approved as soon as possible today. The legislative process would end with the promulgation of the law in the Official Gazette of the Nation.
During the session, the exchange rate is expected to trade between 20.62 and 20.89 pesos per dollar.
Dollar in real time
(…) euro It is sold at the window with a maximum of 25.37 pesos and is bought for 24.87 pesos. In turn, pound It is offered at 29.10 pesos and is purchased at 28.15 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.61 pesos for dollar.
With information from Reuters
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