Mexican peso February 26 this is how the dollar is sold today

• Mexican peso falls at the end of the week on February 26
• According to the exchange rate, the dollar is sold at 21.32 pesos and depreciates 0.18 percent
• The currency reached a maximum of 21.05 pesos per dollar

Amid information that American consumers increased their spending at a solid 2.4% in January, after months of contractionAccording to the exchange rate, the Mexican peso falls on February 26, according to information from the news portal The financial and the AP news agency.

Data issued by Citibanamex indicate that at the bank window, the dollar is sell at 21.32 pesos.

It was also detailed that the currency reached a maximum of 21.05 pesos per dollar at 5:50 am; the minimum of the day remains at 20.78 pesos, at 2:57 hours.

Image taken from Twitter @NTelevisa

Faced with this movement of the Mexican peso on February 26, Gabriela Siller, director of economic and financial analysis at Banco Base, explained:

«It should be remembered that there is an inverse relationship between the interest rate and the price of a bond, so that increases in the rate imply losses in the value of the portfolios in the short term.»

The increase in spending is the biggest increase in seven months, offering a sign that the economy may be poised to sustain a recovery from the pandemic recession.

According to a report released Friday by the Commerce Department, personal income, which is the fuel for spending, increased by 10% last month, the biggest gain in nine months, driven by cash payments than most Americans received from the government.

The rise in consumption in January came after two consecutive monthly declines in spending that had raised concerns that shoppers, who drive most of the economy, were paralyzed, too preoccupied to travel, shop and spend. .

After the Mexican peso falls against the dollar on February 26, they report that inflation, according to the measure preferred by the Federal Reserve, rose a moderate 0.3% in January.

Mexican peso February 26

What is the best option to send money to Mexico from the United States?

This is the comparison of money transfer service providers, so that you can make a better decision when sending dollars to your relatives in Mexico:

Western Union takes the exchange rate at: 20.52 Mexican pesos for every dollar.

MoneyGram takes the exchange rate at: 20.39 Mexican pesos for every dollar.

Transferwise takes the exchange rate in: 20.95 Mexican pesos for every dollar.

Remitly takes the exchange rate at: 20.40 Mexican pesos for every dollar.

Pangea Money Transfer takes the exchange rate in: 20.29 Mexican pesos for each dollar.

Filed Under: Mexican Peso February 26

Mexican peso February 26

Economic activity in the United States grew at an annual rate of 4.1% in the fourth quarter of 2020, slightly more than previously calculated, but for the year as a whole it suffered a fall of 3.5%, the Office of Economic Analysis (BEA ).

In the second of its three calculations of gross domestic product (GDP), the agency added a tenth of a percentage point to its preliminary estimate of growth for the fourth quarter of the year, published in January, but kept the annual result unchanged.

The world’s largest economy experienced ups and downs in 2020 caused by the coronavirus pandemic, and GDP, which fell at an annual rate of 5% in the first quarter, fell by 31.4% in the second and rose to 33.4% in July. and September.

Filed Under: Mexican Peso February 26

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