- For the second day, the dollar is sold for more than 21 pesos in windows
- In wholesale operations, the exchange rate is located this morning at 20.65 pesos per dollar
- For its part, the dollar remains strong
Mexican peso February 23. For the second consecutive day, the dollar is sold for more than 21 pesos in bank windows, which was not seen since the beginning of last November, according to information from the Agency The universal.
CitiBanamex opened offering the currency at 21.11 pesos this Tuesday, a decrease of seven cents compared to Monday. Banorte exchanges the dollar in 21 units, Scotiabank in 21.60 and BanRegio in 21.70 pesos.
In wholesale operations, the exchange rate is located this morning at 20.65 pesos per dollar, after closing yesterday at 20.73 units, according to information from the Bloomberg agency.
In an environment where government bond yields extend rises and international prices of raw materials rise, the dollar remains strong, Banorte analysts explained.
In a report published this morning, they point out that in Mexico the attention of investors will be focused on the process of discussion of the reform to the Electricity Industry Law, which will be presented this Tuesday in the plenary session of the Chamber of Deputies.
In the United States, they will be attentive to the testimony of the president of the Federal Reserve (Fed), Jerome Powell, before the Senate Banking Committee, whose appearance began at 09:00 hours, Mexico City time.
At Banorte, they expect Powell to reaffirm that the central bank will not withdraw monetary stimulus soon, although they also believe it will answer several questions about inflation, whose eventual rebound worries market participants.
With regard to vaccines against Covid-19, additional studies suggest that they are having more favorable results than expected in stopping the transmission of the virus. In particular, the one manufactured by AstraZeneca appears to be effective against other variants of the virus as well.
Mexican peso February 23
What is the best option to send money to Mexico from the United States?
This is the comparison of money transfer service providers, so that you can make a better decision when sending dollars to your relatives in Mexico:
Western Union takes the exchange rate at: 20.35 Mexican pesos for every dollar.
MoneyGram takes the exchange rate at: 20.21 Mexican pesos for every dollar.
Transferwise takes the exchange rate at: 20.31 Mexican pesos for every dollar.
Remitly takes the exchange rate at: 21.05 Mexican pesos for every dollar.
Pangea Money Transfer takes the exchange rate in: 20.15 Mexican pesos for every dollar.
Filed Under: Mexican Peso February 23
As reported by Agencia El Universal, the petroprices start the day in a positive way due to the greater expectation of tight balances in the following months as the demand for crude oil recovers in a context of reduced inventories and production cuts still present, explained in Banorte.
US oil, known as WTI and the main reference of the Mexican mix, rises 0.4% or 24 cents on the dollar and is trading this Tuesday at 61.94 units, its highest level since January of last year.
North Sea crude, a benchmark in Europe and known as Brent, rises 0.4% or 29 cents to 65.53 units, figures from the Bloomberg agency show.
This Monday, February 22, the Mexican oil mixture was sold for more than $ 60 for the first time in a year and a half, since September 26, 2019, when no case of Covid-19 (coronavirus) was confirmed in the world whole.
Filed Under: Mexican Peso February 23
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