Mexico’s currency and exchange recovered ground for the second day in a row on Wednesday, fueled by expectations of an impending investment plan. fiscal stimulus in Washington who revived the global appetite for risky assets. Read Panic Shopping Price Foods
US senators were preparing to vote on a $ 2 trillion bipartisan package to alleviate the devastating impact on the world’s largest economy of the coronavirus outbreak that has so far left nearly 20,000 people dead worldwide.
Exchange rate for sale in the interbank market (spot) today Wednesday March 25:
09.00 hrs .: 24.3500 p / d
13.30 hrs .: 23.9880 p / dhttps: //t.co/8VhzXrmERn
– Banco de México (@Banxico)
March 25, 2020
The benchmark S & P / BMV IPC stock index jumped 2.81% to 35,536.70 points, after sinking in the week to levels not seen since October 2011.
The titles of the miner Grupo México were the ones that contributed the most to the movement with an additional 9.21% at 43.30 pesos, followed by those of the financial group Banorte that added 4.83% to 72.75 pesos.
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In the last two days, the stock market added an advance of 7.8%. The currency was trading at 23.9469 per dollar near the end of business, up 3.54% from .’ benchmark price on Tuesday, when it hit a new all-time low of 25,444 units.
The peso has recovered 5.5% of its value between Tuesday and Wednesday.
In the debt market, the yield on the 10-year bond fell 14 basis points to 7.89%, while the 20-year rate fell 20, to 8.55%.
On the other hand, according to the Investing.com platform, the dollar is trading at $ 23.97 pesos. In Banxico, at closing time the dollar was at $ 24.98.
Price of the dollar in different banking institutions. Source: Dollar.info
Regarding the exchange rate in the different banks of mexico, as published in dollar.info on various financial institutions, the price of the dollar reaches its highest level for sale at $ 25.50 in Scotiabank, While the lowest to purchase is at $ 20.00 also in Scotiabank.
Regarding euro, it is quoted at $ 26.10 pesos, for $ 28.46 pesos from the pound sterling, in general average.