At the beginning of operations the price of dollar today Wednesday is up to 20.68 pesos in banks. In the meantime, Exchange rate the interbank rate amounts to 20.13 pesos per dollar, with a gain of 0.11 percent.
Citibanamex sells the dollar at 20.68 pesos, while BBVA Mexico does it at 20.40, Banorte at 20.40, Santander at 20.24 and Banco Azteca at 19.96 units.
The peso, after two days of gains in the face of a global dollar advance, keeps the attention of investors who are in view of approving a new support package in the United States to cope with the effects of the coronavirus epidemic.
How is the exchange rate going?
Basic bank He explained in a report that the peso maintains an appreciation with an exchange rate that shows a mixed performance of the currencies, without a defined pattern being marked among those who lose.
“However, the currencies that advanced the most are for the second consecutive session those of commodity-producing countries or emerging economies, noting the Russian ruble with an appreciation of 0.39 percent, the South African line with 0 , 25 percent, Turkish lira by 0.24 percent. , the South Korean won by 0.23 percent and the Brazilian real by 0.20 percent, “he said.
He said the appreciations of these currencies are related to the performance of the raw materials market, mainly energy.
Oil continues to rise, with the WTI reaching a maximum price of $ 55.28 per barrel, unseen since January 24, 2020, due to expectations of a decline in oil reserves in the US and China. Similarly, OPEC + said the oil is likely to be depleted by mid-2021 due to further cuts in Saudi Arabia.
In turn, in Mexico, in November, the Coincident Indicator of the System of Compound Indicators: Coincident and Advanced (SICCA), known as the classical approach, was located at 99 points, showing a monthly increase of 1.64 percent , after advancing 1.35 percent in October.
“According to this approach, the economy confirms six months in the recovery phase that began in June with the reopening,” he concluded.
During the session, the exchange rate is expected to trade between 20.08 and 20.28 pesos per dollar.
Real time dollar
(…) the euro is sold at the window at a maximum of 25.14 pesos and is purchased at 24.38 pesos. In turn, pound It is offered at 27.62 pesos and is purchased at 27.61 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.17 pesos per dollar.
With information from Reuters
MRA
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