Mexico City /
When starting operations the price of the dollar today Monday is up to 20.33 pesos in banks. Meanwhile, the interbank exchange rate stands at 19.85 pesos per dollar, with a loss of 0.43 percent.
Citibanamex sells the dollar at 20.33 pesos, meanwhile BBVA Mexico does it at 20.13, Banorte at 20.00, Santander at 19.81 i Aztec Bank at 19.00 units.
The weight depreciated against a strength of the dollar prior to the takeover of Joe Biden as president of United States this week and amid growing cases of SARS-CoV-2 coronavirus, which causes covid-19 disease, although the Chinese economy recovered faster than expected in the fourth quarter of 2020. 
How is the exchange rate going?
Base Bank explained in a report that the weight starts the session with a depreciation just like other currencies, because there is more caution among market participants due to the following factors:
First. The Joe Biden administration will begin in two days, so there are doubts that Congress will be able to quickly pass the stimulus package proposed last week, as full Democratic support in the Senate is required.
“It is normal to be cautious in the days leading up to a change of government, so that 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 said.
Second. The covid-19 pandemic continues to pose a threat to the global economic recovery, so the optimism of the financial markets in previous weeks was based on the availability and initial distribution of vaccines and, therefore, on the expectation that they will allow the pandemic to come to an end. Coronavirus cases worldwide exceeded 95 million, the United States remains the country with the highest number of reported infections, followed by India, Brazil, Russia and the United Kingdom.
Dollar in real time
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the euros is sold over the counter at a maximum of 24.46 pesos and is bought at 23.95 pesos. For its part, the pound sterling is offered at 27.25 pesos and is purchased at 26.90 pesos.
The Bank of Mexico (Banxico) recorded the previous session an exchange rate of 19.78 pesos per dollar.
With information from Reuters
MRA
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