Mexico City /
When starting operations the price of the dollar today Thursday is up to 20.78 pesos in banks. Meanwhile, the interbank exchange rate stood at 20.44 pesos per dollar, with a loss of 0.81 percent.
Citibanamex sells the dollar at 20.78 pesos, meanwhile BBVA Mexico does it at 20.58, Banorte at 20.45, Santander at 20.34 i Aztec Bank in 20.21 units. (
The peso depreciated to its weakest level since Dec. 21 due to increased investor interest in the dollar amid rising coronavirus cases and containment measures in several countries, including large economies.
How is the exchange rate going?
Base Bank explained in a report that the weight accumulates a depreciation of 2.29 percent or 45.8 cents a week and the exchange rate is at its highest level since December 21. In the foreign exchange market, the US dollar strengthened again, with the weighted index advancing 0.24 percent to its highest level since December 23, which seems to confirm a pause in the trend towards the decline in the dollar began in April 2020.
“For now, the Mexican peso ranks as the sixth most depreciated currency in the session and the third most depreciated in the week,” he detailed.
In global financial markets, the perception of risk due to the slow distribution of vaccines and the negative effect of the coronavirus pandemic on economic activity in the first quarter continues.
Although the chairman of the United States Federal Reserve, Jerome Powell, reiterated the need to maintain a highly accommodative monetary policy stance, he also said that economic activity in the United States has moderated, which far from sending a positive signal has contributed to strong downward corrections in the capital market, raising the perception of risk in other markets.
“Another factor influencing the negative performance of the capital market in the United States, has been the reaction of institutional investors to the operations of minority investors, which over the last year have increased their share in the volume of operations, “he concluded.
Dollar in real time
the euros is sold over the counter at a maximum of 25.15 pesos and is bought at 24.66 pesos. For its part, the pound sterling is offered at 27.89 pesos and is purchased at 27.90 pesos.
The Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.21 pesos per dollar.
With information from Reuters
MRA
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