Mexico City. Today Monday May 11, 2020 the dollar listed on $ 23.87 pesos, according to the investing.com platform. After the publication of negative data on employment in the United States, the dollar showed signs of weakness, which benefited the peso in the exchange rate.
At the close of last week, the loss of 20.5 million non-farm payroll jobs was officially reported, worse than the Great Depression who lived in that country at the beginning of the last century. This due to the effects on the economy of the Covid-19.
Exchange rate: Real-time dollar price:
During the weekend that just ended, the exchange rate remained at 23.65 units and this morning the dollar has shown a slight recovery to settle at 23.87 units.
Specialists hope that the Federal Reserve of the United States cut their rates to levels below zero again. They are also looking forward to the reopening of the more aggressive economy and that the trade negotiations between China and the United States come to fruition.
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Regarding the exchange rate in the different banks of mexico, The price of the dollar reaches its highest level for sale in the $ 25.00 at Banbajio, while the lowest to buy is in $ 21.70 at Banco Azteca and Banregio.
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Regarding euro, it is quoted at $ 25.88 pesos, for $ 29.41 pesos from the pound sterling overall average.
