Mexico City /
At the beginning of operations the price of dollar today Friday is up to 20.61 pesos in banks. Meanwhile, the interbank exchange rate is at 20.10 pesos per dollar, with a loss of 0.64 percent.
Citibanamex sells the dollar at 20.61 pesos, while BBVA Mexico does it at 20.42, Banorte at 20.35, Santander at 20.26 and Azteca Bank in 19.20 units.
Peso appreciated after reaching the lowest level in the last five weeks of the previous day, but highlighted the accumulated losses both in the week and in January, while the increase in coronavirus infections and the challenges of the vaccination process weigh on the disposition of investors.
How is the exchange rate going?
Basic bank explained in a report that the exchange rate started an irregular movement, after knowing the GDP of Mexico for 2020. The estimate of the opportunity showed a quarterly increase of 3.08 percent and an annual contraction of 4.62 percent , giving an annual contraction of 8.5 percent. percentages in 2020, being the largest decline in GDP since 1932 with the Great Depression, which recorded minus 14.92 percent and the second consecutive year in which the economy contracts.
“It should be added that with the annual decline in the fourth quarter, there are six consecutive quarters of GDP declines, which coincides with the longest period of setbacks, from the third quarter of 1982 to the third quarter of 1982. the fourth quarter of 1983, “he said.
Based on the latest information, Grupo Financiero BASE estimates a return of 3.8% for 2021.
During the session, it is estimated that the exchange rate will trade between 19.96 and 20.30 pesos per dollar. The euro starts the session with an appreciation of 0.22 percent, while the pound loses 0.15 percent.
Real time dollar
euro It is sold at the window with a maximum of 24.98 pesos and is bought at 24.53 pesos. In turn, pound It is offered at 27.72 pesos and is purchased at 27.71 pesos.
Bank of Mexico (Banxico) registered in the previous session an exchange rate of 20.26 pesos per dollar.
With information from Reuters
MRA
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