Mexico City /
The peso closed the last day of the year at 19.95 pesos per dollar, with a depreciation of 1.06 pesos compared to its close of 2019, culminating its worst year since 2016 hit by the impact of the pandemic of the coronavirus.
Last April, the exchange rate reached a maximum price of 25,306 pesos per dollar, Month in which they initiated with greater rigor the measures of sanitary contingency by the pandemic of the covid-19.
Dollar in banks
In banks the US currency closed the year up to 20.38 pesos, as is the case of Citibanamex. Meanwhile, BBVA Mexico did so in 20.14 units and Banorte at 20.25 pesos.
Banco BASE’s director of economic and financial analysis, Gabriela Siller, pointed out that the depreciation of the peso against the dollar last April was the largest since 2016, when it lost 20.45 percent, after the elections presidential election in the United States, in which Donald Trump was the winner, and has highlighted that the Mexican peso had gained ground for three consecutive years from 2017 to 2019.
For 2021, he estimates lower volatility, as after a year full of ups and downs, it usually follows a quiet year. In terms of the pandemic, vaccine distribution is likely to continue primarily in advanced economies, and even if there is no global availability, this would reduce investor risk aversion, he said.
Dollar in real time.
Lvm