Mexico City /
At the beginning of operations the price of dollar Today, Monday, up to 20.33 pesos in banks. Meanwhile, the interbank exchange rate rose to 19.85 pesos per dollar, with a loss of 0.43 percent.
Citibanamex sells the dollar at 20.33 pesos, while BBVA Mexico does it at 20.13, Banorte at 20.00, Santander at 19.81 and Azteca Bank at 19.00 units.
The peso depreciated against a strong dollar before taking possession Joe Biden as president of US this week amid growing cases of coronavirus SARS-CoV-2, which causes covid-19 disease, even though the Chinese economy has recovered faster than expected in the fourth quarter of 2020 
How is the exchange rate going?
Basic bank explained in a report that the peso starts the session with a depreciation like other currencies, due to the greater caution among market participants due to the following factors:
The first. Joe Biden’s administration will begin in two days, so there are doubts that Congress can quickly promote last week’s stimulus package, as it requires the full support of Senate Democrats.
“It is normal to observe caution in the days before a change of government, so the depreciation of the peso at the beginning of the week does not necessarily indicate the beginning of an upward trend in the exchange rate,” he says.
Second. The covid-19 pandemic continues to pose a threat to the global economic recovery, so the optimism of financial markets in previous weeks has been based on the availability and initial distribution of vaccines and therefore on the expectation that they will allow the pandemic to end. Coronavirus cases worldwide have exceeded 95 million, with the United States continuing to be the country with the highest number of infections, followed by India, Brazil, Russia and the United Kingdom.
Real time dollar
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He euro It is sold at the window for a maximum of 24.46 pesos and is bought at 23.95 pesos. In turn, pound It is offered at 27.25 pesos and is purchased at 26.90 pesos.
The Bank of Mexico (Banxico) recorded an exchange rate of 19.78 pesos in the previous session per dollar.
With information from Reuters
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