Mexico City /
When starting operations the price of the dollar today Friday is up to 20.61 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.10 pesos per dollar, with a loss of 0.64 percent.
Citibanamex sells the dollar at 20.61 pesos, meanwhile BBVA Mexico does it in 20.42, Banorte at 20.35, Santander at 20.26 i Aztec Bank in 19.20 units.
The weight was seen after reaching its lowest level on the eve in more than five weeks, but outlined accumulated losses in both the week and January as the rise in coronavirus infections and the challenges in the vaccination process weigh on the spirit of investors.
How is the exchange rate going?
Base Bank explained in a report that the exchange rate started an erratic movement, after knowing the GDP of Mexico in 2020. The opportunity estimate showed a quarterly growth of 3.08 percent and an annual contraction of 4.62 percent, giving an annual contraction of 8.5 percent in 2020, being the largest fall in GDP since 1932 with the Great Depression, which recorded minus 14.92 per cent and the second year on the thread that the economy is contracting.
“It should be added that, with the annual fall of the fourth quarter, they add up to six consecutive quarters of falls in GDP, tying for the longest period of record declines, from the third quarter of 1982 to the fourth quarter of 1983.” , he referred.
Considering the latest information, BASE Financial Group estimates a rebound of 3.8 percent for 2021.
During the session, the exchange rate is expected to trade between 19.96 and 20.30 pesos per dollar. The euro started the session with an appreciation of 0.22 percent, while the pound lost 0.15 percent.
Dollar in real time
the euros is sold over the counter at a maximum of 24.98 pesos and is bought at 24.53 pesos. For its part, the pound sterling is offered at 27.72 pesos and is purchased at 27.71 pesos.
the Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.26 pesos per dollar.
With information from Reuters
MRA
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