When starting operations the price of the dollar today Wednesday is up to 20.68 pesos in banks. Meanwhile, the exchange rate interbank is located at 20.13 pesos per dollar, With a gain of 0.11 percent.
Citibanamex sells the dollar at 20.68 pesos, meanwhile BBVA Mexico does it at 20.40, Banorte at 20.40, Santander at 20.24 and Banco Azteca at 19.96 units.
The peso, after two days of gains in the face of a global dollar advance, keeps the attention of investors who are in the sights of approving a new support package in the United States to deal with the effects of the coronavirus epidemic.
How is the exchange rate going?
Base Bank explained in a report that the weight maintains an appreciation with an exchange rate shows a mixed exercise of currencies, without being marked a definite pattern among those who lose.
“However, the most advanced currencies are for the second consecutive session those of producing countries of raw materials or emerging economies, highlighting the Russian ruble with 0.39 percent appreciation, the South African rand with 0.25 percent, the Turkish lira with 0.24 percent, the South Korean won with 0.23 percent and the Brazilian real with 0.20 percent, “he said.
He referred that the appreciations of these currencies are related to the exercise of the market of raw materials, mainly of the energetic ones.
Oil continues to rise with the WTI reaching a maximum price of $ 55.28 per barrel, not seen since January 24, 2020, in anticipation of declining US and Chinese oil reserves . OPEC + also said the excess oil supply is likely to run out by mid-2021, due to further cuts by Saudi Arabia.
For its part, in Mexico, in November the Coincident Indicator of the Compound Indicator System: Coincident and Advanced (Sicca), known as the classical approach, stood at 99 points, showing a monthly growth of 1.64 per one hundred, after advancing 1.35 percent in October.
“Under this approach, the economy confirms six months in the recovery stage that began in June with the reopening,” he concluded.
During the session, the exchange rate is expected to trade between 20.08 and 20.28 pesos per dollar.
Dollar in real time
(…)the euro is sold over the counter at a maximum of 25.14 pesos and is purchased at 24.38 pesos. For its part, the pound sterling is offered at 27.62 pesos and is purchased at 27.61 pesos.
The Bank of Mexico (Banxico) Recorded the previous session an exchange rate of 20.17 pesos per dollar.
With information from Reuters
MRA
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