El mexican peso will close the first month of 2021 with a loss of accumulated money against the dollar. El cambio type ended the last season session in 20.4410 units, compared to 19.9500 units of the 2020 city, with dates of the Bank of Mexico (Banxico).
The movement in parity means for the person a depreciation of 49.10 cents, which equals an accumulation of 2.46 per cent. Este viernes, la moneda local tocó su peor nivel en lo que va del año, con un maxim de 20.5497 unidades.
In that day, the Mexican currency moved 25.20 cents or 1.25% against a previous record of 20,1890 units per ticket. In the markets observed a nervousness related to increments in the contagios of Covid-19.
“The dollar is gaining ground in emerging market divisions throughout the week, and the world ticket is acting as a refuge instrument. Risk aversion has regressed to financial markets,” explains ActivTrades analyst Alexander Londoño.
This month it was announced that the economy of Mexico will show a quarterly increase of 3.08% and an annual contraction of 4.62% in the quarter quarter of 2020. In this year, an annual contraction of 8.52% was accumulated, the mayor of the Great Depression.
“With the contraction of the quarterly quarter, sums six consecutive quarterly periods of GDP and as the mayor’s period of regressions in register, of the third quarter of 1982 in the quarter of 1983”, explains Gabriela Siller, Director of Banking Analysis.