At the beginning of operations the price of dollar Today Monday is up to 20.47 pesos in banks. Meanwhile, the interbank exchange rate rose to 19.98 pesos per dollar, with a loss of 0.67 percent.
Citibanamex sells the dollar at 20.47 pesos, while BBVA Mexico does it at 20.29, Banorte at 20.20, Santander at 19.98 and Banco Azteca at 19.81 units.
The peso depreciated in a joint session for emerging market currencies, while investors assessed the formalization of a stimulus plan in US, as well as the worldwide distribution of covid-19 vaccines.
How is the exchange rate going?
Basic bank explained in a report that the depreciation of the peso is due, in part, to a higher perception of the relative risk to Mexico, after Secretary of Energy reduced from 20 to 5 years the duration of fuel import and export authorizations by the private sector, which will have a negative effect on investment in the country and therefore on the recovery rate of the economy.
It should be noted that during the last sessions of the year there is a decrease in the volume of transactions in the foreign exchange market, which tends to cause quiet sessions, but increases the risk of episodes of volatility in the face of news or other events.
“Most currencies are gaining ground against the dollar as risk perceptions decline after President Donald Trump signed a $ 900 billion stimulus package over the $ 1.4 trillion 2021 fiscal year. of dollars ”.
He pointed out that the new incentive package includes $ 300 per week in unemployment benefits available until March 14, and includes a round of direct checks of $ 600 per person, as well as funding for schools, small businesses and vaccine distribution. covid19, among other things to stimulate economic recovery.
“Covid-19 is likely to continue to be a source of unfavorable news globally, so market optimism could be temporary,” he said.
Real time dollar
He euro It is sold at the window with a maximum of 24.75 pesos and is bought with 24.43 pesos. In turn, pound It is offered at 27.25 pesos and is purchased at 26.97 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 19.85 pesos per dollar.
With information from Reuters
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