Dollar today touches the 22; Mexican peso falls to a worse level in more than 3 years

The weight Mexican backed down to its lowest level against the dollar today Monday March 9, since January 26, 2017, amid global uncertainty over the progress of the coronavirus Covid-19 and after the sharp fall in oil.

The Mexican currency depreciated more than 5 percent compared to the official closing of the Bank of Mexico (Banxico) of Friday and exchange rate It was 21.17 units per dollar, according to the institution.

In banks the dollar touched 22 pesos and was offered at a maximum of 21.55 pesos in Banorte. For its part, Citibanamex He offered it at 21.39 pesos and BBVA Mexico in 21.37 units.

Exchange rate for sale in the interbank market (spot) today Monday March 9:
09.00 hrs .: 21.1570 p / d
13.30 hrs .: 21.1790 p / dhttps: //t.co/8VhzXrmERn

– Bank of Mexico (@Banxico) March 9, 2020

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Oil prices suffered their biggest daily collapse since the Gulf War in 1991, after the collapse of a pact of supply cuts between OPEC and Russia. In addition, they backed the Mexican Stock Exchange (BMV) and the main indices of Wall street.

“The financial and economic upheaval of the coronavirus of the last three weeks is now joined by the oil market tsunami, also devastated as a result of the epidemic and the price war between the main global producers,” CI Banco said in a report. .

GGA

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