Mexico City. Today Tuesday March 31, 2020 the dollar listed on $ 23.48 pesos at the beginning of the day, according to the investing.com platform. During yesterday’s session, investors continued to fear new cuts in the rating of the country’s sovereign debt and that of Pemex, after S&P lowered its notes last week.
Banco Base specialists believe that the depreciation of the peso was the result of a return of nervousness in the exchange market after the number of cases of coronavirus globally, mainly in the United States, indicates Reforma.
Exchange rate for sale in the interbank market (spot) today Monday, March 30:
09.00 hrs .: 24.2280 p / d
13.30 hrs .: 24.1290 p / dhttps: //t.co/LaOklzuAeE
– Banco de México (@Banxico)
March 30, 2020
President Donald Trump’s statement last Sunday, about the possibility that between 100 and 200 thousand people die in his country as a result of the pandemic, caused the currencies of emerging economies to register losses on Monday.
However, the peso managed to recover after the Foreign Exchange Commission announced the activation of the “swap” mechanism to support the provision of liquidity in US dollars in the country’s interbank market, analysts said.
Regarding the exchange rate in the different banks of mexicoAs published by various financial institutions, the price of the dollar reaches its highest level for sale at $ 25.50 in Scotiabank while the lowest price for purchase is at $ 20.00 in Scotiabank.
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Regarding euro, it is quoted at $ 26.12 pesos, for $ 29.51 pesos from the pound sterling overall average.