Mexico City. Today Saturday March 21, 2020 the dollar listed on $ 24.42 pesos, according to the investing.com platform. During the day yesterday – Reuters highlights – the Mexican peso lost ground for the fourteenth consecutive day, after the Bank of Mexico announced a surprise cut in the key interest rate
Banco de México lowered its rate by 50 basis points in an off-calendar decision, taking into account the risks derived from the coronavirus outbreak in the economy, markets and inflation. The impact of coronavirus The world economy has been very strong and this has been resented by the Mexican peso.
Exchange rate for sale in the interbank market (spot) today Friday March 20:
09.00 hrs .: 23.8550 p / d
13.30 hrs .: 24.2480 p / dhttps: //t.co/8VhzXrmERn– Banco de México (@Banxico)
March 20, 2020
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As published by Reforma, at the Citibanamex windows, yesterday the dollar was offered at 25.11, a new record, and was purchased at 24.10 units, so between March 13 and 20 the American banknote increased 2.95 pesos to be its weekly rebound more significant since 2002, since fear of damage could cause covid-19 in the economy combined with weak oil prices.
Meanwhile, since the 2008 financial crisis, stock market indicators for Mexico and the United States have not registered such bad weekly results.
Regarding the exchange rate in the different banks of mexicoAs published by various financial institutions, the price of the dollar reaches its highest level for sale in the $ 25.50 in Affirm, While the lowest to purchase is in $ 20.00 at Scotiabank.
Read: When will the IMSS pay the April 2020 pension?
Regarding euro, it is quoted at $ 26.29 pesos, for $ 28.45 pesos from the pound sterling, in general average.
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