Mexico City /
When starting operations the price of the dollar today Monday was up to 21.08 pesos in banks. Meanwhile, the interbank exchange rate stands at 20.69 pesos per dollar, with a loss of 0.99 percent.
Citibanamex sells the dollar at 21.08 pesos, meanwhile Banorte it makes 20.90 pesos, BBVA Mexico does it in 20.87, Santander at 20.51 i Aztec Bank at 20.50 units.
The weight depreciated as investors opted for safer assets, following the abrupt decision of Turkey to replace the head of its central bank, a decision that caused concern in other financial markets. 
How is the exchange rate going?
Base Bank explained in a report that in the foreign exchange market there is a mixed exercise against the dollar, because market participants are waiting for new signals on the future of US economic policy.
“Today Fed Chairman Jerome Powell will take part in a panel of the Bank for International Settlements, where he could once again address the issue of the path that monetary policy will take, while Tuesday and Wednesday will be presented, as well as the secretary of the Treasury, Janet Yellen, Before committees of the House of Representatives and the Senate, “he said.
Other relevant events will be the bond auctions of the Treasure in the United States next Wednesday, a day when $ 61 million in 5-year bonds will be auctioned, while on Thursday $ 62 million in 7-year Treasury bonds will be auctioned, which will be followed with special attention.
“A significant part of the upward pressure on the dollar occurred after the last 7-year Treasury bond auction on February 25, when a drop in demand for the instrument was observed. Demand for debt instruments has fallen in the last month, in an effort by investors to reduce their exposure to future monetary policy adjustments towards a less flexible stance, “he said.
So far in the session, the exchange rate has traded between a low of 20.6085 and a high of 20.8813 pesos per dollar. The depreciation is a direct result of a greater perception of risk about Turkey, after President Recep Tayyip Erdogan fired central bank governor Naci Agbal, who was at the helm of the bank for four months in which the monetary policy rate was adjusted upward by 875 basis points to 19 percent.
“Uncertainty in Turkish markets is expected to continue as the Istanbul stock market loses 9.52 per cent, while in the bond market the rate of 10-year Turkish bonds issued in dollars rises 150 basis points to 7.46 per cent.
Dollar in real time
(…)the euros it is sold over the counter at a maximum of 25.06 pesos and is bought at 24.57 pesos. For its part, the pound sterling is offered at 28.95 pesos and is purchased at 28.51 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 20.48 pesos per dollar.
With information from Reuters
MRA
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