When starting operations the price of the dollar today Thursday is up to 21.22 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.67 pesos per dollar, with a gain of 1.53 percent.
Citibanamex sells the dollar at 21.22 pesos per dollar, meanwhile BBVA Mexico does it in 20.94, Santander at 20.77 i Aztec Bank in 20.51 units.
The weight depreciated despite the dollar fell to lows three years after the president of the United States Federal Reserve, Jerome Powell, He reiterated that the central bank will not tighten its monetary policy until it improves the world’s largest economy. 
How is the exchange rate going?
Base Bank explained in a report that the upward movement of the exchange rate is associated with external factors and greater risk aversion on the Mexican economy:
In the first of these, he reported, a contagion effect is observed from the South African rand and the Turkish lira which depreciate 2.07 per cent and 1.12 per cent respectively. On the one hand, the Turkish lira is losing ground to speculation that the country’s central bank could be pressured to avoid further raising the interest rate after the rate climbed to a month off adjusted to 675 basis points in the last four months. As the South African rand loses to a greater perception of internal risk by doubts that it may meet the targets of its fiscal budget presented this Wednesday, the rating agency Fitch Ratings said that for the South African government it will be a political challenge implement the budget.
Second, there is a strong upward movement in the rate of return on Treasury bonds, as there is still speculation that the Federal Reserve’s broadly flexible monetary policy measures could put upward pressure. on inflation.
The 10-year Treasury bond rate is up 7 basis points to close to 1.45 percent, reaching a high of 1.46 percent, a level not seen since Feb. 21, 2020.
Finally, a greater perception of risk about Mexico persists. “In the future, Mexico’s economic recovery is expected to be slow due to the vaccination process that has been limited and the implementation of policies and changes in laws that inhibit investment, highlighting the recently approved reform of the Law of the Electrical Industry in the Chamber of Deputies “.
Likewise, data published this morning by the IGAE in December show a stagnation in the economic recovery in December due to the effects of the pandemic during the month.
Dollar in real time
the euros sell yourself over the counter at a maximum of 29.38 pesos and is purchased at 29.37 pesos. For its part, the pound sterling is offered at 28.92 pesos and is purchased at 28.91 pesos.
The Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.47 pesos per dollar.
With information from Reuters
MRA
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