Mexico City. Today Sunday May 10, 2020 the dollar listed on $ 23.65 pesos, according to the investing.com platform. At the end of the week, the Mexican peso advanced against the dollar, which weakened in recent days.
The weakness of the dollar is mainly due to the publication of employment data in the United States, which indicates the loss of 20.5 million jobs in non-farm payrolls, 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:
Against this background, it is expected that the Federal Reserve of the United States cut their rates to levels below zero again. This is what has pushed the value of the dollar globally.
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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 $ 25.97 pesos, for $ 29.37 pesos from the pound sterling overall average.
These reopening signals generate confidence that oil demand will soon start to increase again. Therefore, the price of the West Texas Intermediate mix has increased. In the week that ended, he accumulated earnings of over 25 percent.
