When starting operations the price of the dollar today Friday is up to 20.65 pesos in banks. Meanwhile, the exchange rate interbank is located at 20.40 pesos per dollar, With a loss of 0.59 percent.
BBVA Mexico sells the dollar at 20.65, Banorte at 20.60, Santander at 20.42 i Aztec Bank in 20.26 units.
The currency depreciated on Friday for the fifth day in a row due to persistent concerns about the impact on the local industry of the disruption in natural gas supply from Texas in the face of unusual weather conditions. In the last five sessions, the local currency has weakened 2.4 percent.
How is the exchange rate going?
Banco Base explained in a report that the Mexican peso ranks as the most depreciated currency in the session and as the most depreciated in the week, as it has lost ground for five consecutive sessions and is accumulating a 2.20 percent decline. The second most depreciated currency in the week is the Colombian peso with 0.84 percent, followed by the Brazilian real with 0.66 percent.
The performance of the peso in the foreign exchange market is evidence of a greater perception of risk in relation to Mexico, due to the effects of low temperatures in Texas on energy prices and their availability in Mexico, as well. as the next discussion and passage of the Electrical Industry Act.
A proposal for an approval opinion for the reform of the Electricity Industry Act proposed by the President of the Republic a few weeks ago will be discussed today in the Energy Committee of the Chamber of Deputies.
Once approved in committee, the opinion will be sent to the plenary of the Chamber of Deputies for discussion and eventual approval, which, to be a reform of a secondary law, will require a simple majority. This law reform would cause: 1) increases in electricity prices to consumers, 2) pressure on public finances and 3) more uncertainty regarding the T-MEC as it complies with it.
In the rest of the financial markets there is optimism, allowing most currencies to gain ground against the dollar.
Dollar in real time
the euros is sold over the counter at a maximum of 25.22 pesos and is bought at 25.05 pesos. For its part, the pound sterling is offered at 28.90 pesos and is purchased at 28.50 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 20.41 pesos per dollar.
With information from Reuters
MRA
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