Mexican peso February 9, this is how the dollar is sold

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Video: Mundo Hispánico / Foto: Mundo Hispánico
  • The Mexican peso remains practically immobile this February 9
  • According to the exchange rate, the dollar is sold at 20.57 pesos
  • The national currency reached a minimum level of 20.0148 units

According to the exchange rate, the Mexican peso remains practically immobile this February 9 against the dollar, amidst the markets that analyze the consequences of higher inflation in risk assets, reported the news portal of The financial.

According to the first data published this Tuesday by Citibanamex, at the bank window, the US currency is sell at 20.57 pesos.

The coin The national level reached a minimum level of 20.0148 units, standards that were recorded at 3:45 am and a maximum of 20.1295 at 4:23 pm on Monday.

Image taken from Twitter @NTelevisa

Stock prices fell at noon Tuesday on the New York Stock Exchange, amid hopes that the US government will pass more stimulus measures to counter the havoc the coronavirus pandemic has wreaked on the economy.

The S&P 500 index fell 0.3% while the Dow Jones industrial average fell 0.3%, the Nasdaq technology remained almost unchanged and the Russell 2000 index of small companies contracted 0.1%.

It is not uncommon for stocks to fall slightly after six consecutive days of rises, when investors often pause to review the latest economic reports for signs of where the market is heading.

Shares of various companies rocked as they released their latest financial results. Hanesbrands soared almost 20% reporting strong results. This information is given when the Mexican peso is immobile on February 9.

The International Monetary Fund on Monday raised the expectation of economic growth for 2021 in Latin America to 4.1%.

But he warned that the recovery continues under the threats of the pandemic and that it could roll back if governments fail to contain the transmission of COVID-19.

Mexican peso February 9

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: 19.85 Mexican pesos for every dollar.

MoneyGram takes the exchange rate at: 19.65 Mexican pesos for every dollar.

Transferwise takes the exchange rate at: 20.09 Mexican pesos for every dollar.

Remitly takes the exchange rate at: 19.64 Mexican pesos for every dollar.

Pangea Money Transfer takes the exchange rate in: 19.58 Mexican pesos for every dollar.

Filed Under: Mexican Peso February 9

Mexican peso February 9

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 9

The post Mexican peso February 9, this is how the dollar is sold appeared first on Hispanic World.

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