Mexican peso February 5, this is how the dollar sells today

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Video: Mundo Hispánico / Foto: Mundo Hispánico
  • The Mexican peso gains ground against the dollar this Friday, February 5
  • It is sold at 20.61 pesos during this weekend day
  • The currency appreciates 1.09 percent, to 20.17 units

According to the exchange rate, the Mexican peso gains ground against the US dollar this Friday, February 5 and sell at 20.61 pesos, according to information published by the news portal of The financial.

In the field interbank, according to data provided this morning by Bloomberg, the coin it appreciates 1.09 percent, to 20.17 units.

It was reported that on this weekend day, the currency reached a maximum of 20.4249 units at 9:23 p.m. yesterday Thursday, while the minimum is at 20.2206 units, seen at 7:39 a.m.

Image taken from Twitter @NTelevisa

Stock prices were on the rise at noon despite the jobs report showing the economy still struggling due to the pandemic.

The Standard% Poor 500 advanced 0.4% and is on track for a weekly rise of more than 4%, the highest since November. The Dow Jones Industrial advanced 96 points, or 0.3%, to 31,152, and the Nasdaq rose 0.4%.

The number of Americans claiming unemployment benefits fell to 779,000 last week, a still historically high figure that reveals that a significant number of people continue to lose their jobs due to the viral pandemic.

Last week’s total fell from 812,000 in the previous week, the Labor Department reported on Thursday and is the lowest in two months, this information is released as the Mexican peso gains the dollar on February 5.

But before the coronavirus hit the United States last March, weekly requests for help to the unemployed had never exceeded 700,000, even during the Great Recession.

In all, 17.8 million people received unemployment benefits in the week ending January 16, the most recent period for which data is available. That compares with 18.3 million the week before.

Mexican peso February 5

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: 19.98 Mexican pesos for every dollar.

MoneyGram takes the exchange rate at: 19.79 Mexican pesos for every dollar.

Transferwise takes the exchange rate at: 20.12 Mexican pesos for every dollar.

Remitly takes the exchange rate at: 19.81 Mexican pesos for every dollar.

Pangea Money Transfer takes the exchange rate at: 19.68 Mexican pesos for every dollar.

Filed Under: Mexican Peso February 5

Mexican peso February 5

This Friday the government report on employment will be released, which is expected to show an increase in hiring around 100,000, according to the data provider FactSet. The unemployment rate is forecast to remain at 6.7 percent for the third month

Although the year began with hopes of an economic reactivation due to the application of the coronavirus vaccine, some analysts predict that the Mexican peso will lose against the dollar in 2021, according to the El Universal news agency.

However, they do not see the whole picture in a diffuse way, since they trust that this year oil and the Mexican Stock Exchange will achieve profits.

The dollar achieved a close of 2020 at 19.91 pesos and accumulated a depreciation of 5.5% or 1.04 units during the year, this due to the high volatility in the markets due to the coronavirus.

In addition, they point out that it is very possible that the wholesale exchange rate will depreciate to 20.30 pesos by the end of 2021, according to the results of the most recent survey that CitiBanamex carried out with more than 29 banks.

Filed Under: Mexican Peso February 5

The post Mexican peso February 5, this is how the dollar sells today appeared first on Hispanic World.

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