When starting operations, the US dollar price trades this Wednesday, December 29 at an average of 20.58 for sale and is bought at 20,223 in exchange houses located at the “Benito Juárez” International Airport in Mexico City.
The exchange rate At the window it is 20.84 pesos for sale at BBVA Mexico, while Banamex offers the dollar at 21.10 pesos and Banorte at 20.90 units.
Banco Azteca is the financial institution in Mexico that offers the cheapest dollar price at 20.29 pesos for sale, according to Investing.com. For its part, the bank that buys the most expensive greenback is BBVA, at 19.94 pesos.
Parity and peso-dollar exchange rate
Meanwhile, to make payments of obligations in official institutions, the peso-dollar exchange rate is valued at 20.6828 Mexican pesos. In the SAT the dollar is valued at 20,577
As we have mentioned in other informative notes from AmericanPost.News, Reuters reports that the currency of the second largest economy in Latin America, the Mexican peso closes with a price of 20.75. The currency is listed on Banco Base at 20.83.
The peso appreciated after touching its weakest level in more than five weeks the day before, but outlined accumulated losses both in the week and in January while the rise in coronavirus infections and the challenges in the vaccination process weigh on the mood of The investors.
Banco Base explained in a report that the exchange rate began an erratic movement, after knowing Mexico’s GDP for 2020. The opportunity estimate showed a quarterly growth of 3.08 percent and an annual contraction of 4.62 percent.
This growth gave an annual contraction of 8.5 percent in 2020, being the largest drop in GDP since 1932 with the Great Depression, which registered minus 14.92 percent and the second year in a row that the economy contracts.
“It should be added that, with the annual decline in the fourth quarter, there are six consecutive quarters of falls in GDP, matching the largest period of setbacks in the record, which goes from the third quarter of 1982 to the fourth quarter of 1983,” he said.
The euro was sold at the window according to Investing.com at a maximum of 23.35 pesos, while the purchase is at 23.33 pesos; the pound sterling was offered at 27.74 pesos and was purchased at 27.72 pesos.
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