When starting operations the price of the dollar today Monday is up to 21.09 pesos in banks. Meanwhile, the exchange rate interbank is located at 20.66 pesos per dollar, With a loss of 0.91 percent.
Citibanamex sells the dollar at 21.09 pesos per dollar, while BBVA Mexico does it at 20.90, Santander at 20.87 i Aztec Bank in 20.51 units.
the weight gained after a stabilization in the global bond market, and that the United States House of Representatives approved a package of aid to tackle the crisis in the world’s largest economy caused by the coronavirus pandemic.
How is the exchange rate going?
Base Bank explained in a report that the exchange rate reflects lower volatility relative to what was observed last week. In the rest of the foreign exchange market there is also calm, as most currencies show moderate variations. The factors that allow the appreciation of the weight this morning and the stability of the market.
The above is due to the fact that upward pressures on Treasury bonds have been reduced, with the 10-year rate hovering around 1.44 per cent this morning, after reaching a high of 1.60 percent last Thursday.
Globally, several central banks have acted in response to increases in interest rates in the secondary market, mainly the Reserve Bank of Australia which raised bond purchases without notice and the European Central Bank, where a official noted that monetary stimulus could be extended in the event of rate hikes affecting economic growth.
Also, the currencies with the highest gains are mainly from commodity-producing or emerging economies, such as the Turkish lira which appreciated 2.69 percent, after being the most depreciated currency last week, when it lost 6.63 percent. Today the most appreciated currencies after the Turkish lira are the Chilean peso with 0.87 percent, the Norwegian krone with 0.85 percent, the Russian ruble with 0.67 percent and the Canadian dollar with 0.51 percent.
“The Mexican peso ranks 9th among the most prized,” he referred to.
Finally, in the United States, on Saturday morning the House of Representatives approved the new stimulus package, which includes the extension of unemployment benefits, as well as funding for local governments, among other supports. Now, the discussion takes place in the Senate where it is expected to be approved before March 14, when the current unemployment benefits expire.
Dollar in real time
(…)the euros is sold over the counter at a maximum of 25.37 pesos and is bought at 24.82 pesos. For its part, the pound sterling is offered at 28.72 pesos and is purchased at 28.71 pesos.
The Bank of Mexico (Banxico) The previous session recorded an exchange rate of 20.93 pesos per dollar.
With information from Reuters
MRA
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