At the start of operations the price of the dollar on Tuesday was up to 20.65 pesos in banks. Meanwhile, the exchange rate interbank stands at 20.19 pesos per dollar, with a gain of 0.50 per one hundred versus Monday’s reference price.
Citibanamex sells the dollar at 20.65 pesos, While BBVA Mexico does so at 20.42, Banorte at 20.45 pesos, Banco Azteca at 20.20 and Santander at 20.17 units.
Mexican peso appreciated Tuesday after International Monetary Fund (IMF) raised its forecast for the growth of the global economy, Driving appetite for risky assets.
The Fund said the global economy would grow 6 percent this year, from a 5.5 percent expansion projected just three months ago.
For the rest of the day, the Mexican peso is expected to range in the range of 20.18 to 20.40 units, according to CI Banco analysts.
How is the exchange rate going?
Bank Base explained in a report that the log weight with an appreciation of 0.46 percent or 9.3 cents, With the exchange rate trading near 20.25 pesos per dollar, for a lower aversion to global risk, due to the fact that the International Monetary Fund (IMF) raised its forecast for the global economy for the second time in three months.
President Joe Biden is also expected to announce today that the general population will be eligible for vaccination as early as April 19, accelerating the vaccination process in the United States.
In the foreign exchange market, most currencies lose ground against the dollar, The weighted index advances 0.20 percent, being its largest increase in a week. The most depreciated currencies are the New Zealand dollar with 0.64 per cent, the pound sterling 0.53 per cent and the Turkish lira 0.46 per cent.
the dollar strengthens as speculation continues on economic recovery accelerated in the United States due to broad monetary and fiscal stimulus approved earlier this year.
Dollar in real time
the euro is sold over the counter at a maximum of 23.89 pesos and is bought at 23.88 pesos. For its part, the pound sterling is offered at 27.94 pesos and is purchased at 27.93 pesos.
The Bank of Mexico (Banxico) recorded the previous session an exchange rate of 20.24 pesos per dollar.
With information from Reuters.
AMP