Today Tuesday 23 of February 2021 the price of the dollar is at $ 20.65 Mexican pesos, according to real-time information from investing.com about the exchange rate. During the last few days, the price of the dollar against the Mexican peso has been well above 20 units, a behavior that seems to continue throughout this week.
According to analysts, this loss of value of the Mexican peso is related to an increase in the perception of Mexico and how this country is facing the Covid-19 pandemic.
Something that worries the markets about Mexico is its vaccination campaign against the pandemic, which is far behind the total population of the country and compared to what other nations similar to ours do.
Investors do not lose sight of the approval of the opinion on the reform of the Electricity Industry Law, which has generated a series of controversies both nationally and abroad, because they criticize damage to investment and losses in the competitiveness.
Dollar price in real time:
During the last few days, Mexico has experienced blackouts due to insufficient natural gas to generate electricity. This crisis also showed that Mexico has very low installed capacity for natural gas storage.
At a general level, during the trading session yesterday the markets had an unfavorable behavior due to concerns about the economic growth of the United States and the world.
There is fear about a scenario that triggers inflation at the global level, in turn significantly impacting interest rates.
Regarding the euro, this is priced at $ 25.12 pesos, for $ 29.11 pesos of the pound sterling overall average.
Oil price in real time:
The price of a barrel of West Textas Intermediate (WTI) oil has fallen in recent days, however this morning it is again above the $ 61 barrier.
For more information about the Dollar, visit the News section of MyBags.com daily.