Exchange rate June 7, 2021

When starting operations, the price of the dollar on Wednesday was up to 20.26 pesos in banks. Meanwhile, the interbank exchange rate is 19.77 pesos per dollar, with a gain of 0.91 percent compared to 19.95 of the reference price on Friday.

Citibanamex sells the dollar at 20.26 pesos, while BBVA Mexico does it in 20.06, Banorte in 20.00 pesos, Santander at 19.78 and Azteca Bank in 19.85 units.

The Mexican peso He won while projections on the results of the elections on Sunday, June 6, showed that the opposition would have snatched seats from the ruling party, Morena, in the Chamber of Deputies, although it would maintain a legislative majority along with its allies.

How is the exchange rate going?

Banco Base explained in its report that el peso starts the week with an appreciation, with the exchange rate trading close to 19.77 pesos per dollar and reaching a minimum of 19.74 pesos, a level not seen since May 18.

The weight is the best performing currency in the broad basket of major crosses, due to a reaction to the June 6 elections, in which the Morena party, led by President Andrés Manuel López Obrador, is expected to win just under 50 percent of the 500 seats in the Chamber of Deputies.

“Although it was not a presidential election, the preliminary result of the quick count suggests that the president will have a little more opposition in case of seeking more constitutional reforms, “said the Mexican financial group.

In recent months, some law initiatives have been proposed and / or approved that have generated uncertainty in the Mexican markets and that could scare away investment, which had been causing some episodes of upward pressure on the exchange rate.

Real time dollar

The euro is sold at the window at a maximum of 24.11 pesos and is bought at 24.11 pesos. For its part, the pound sterling is offered at 28.03 pesos and acquired at 28.03 pesos.

The Bank of Mexico (Banxico) registered the previous session an exchange rate of 20.06 pesos per dollar.

With information from Reuters

See also  Exchange rate: This is the price of the dollar during the morning of today, Friday, June 4

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