Mexico City. Today, Sunday, April 12, 2020, the dollar is listed on $ 23.37 pesos, according to the investing.com platform. This price is 33 cents less compared to the one that had the US currency yesterday Saturday. Despite the fact that the stock exchanges do not work today, and the Banxico has not worked since Holy Thursday, the price of the currency may change. In this case, the peso continues to appreciate and the price of the dollar has gradually decreased, which in past days exceeded the 25-peso barrier. Read Five myths about your afore and pension that you should leave behind
The ups and downs in the exchange rate between the peso and the dollar in recent months have been mainly due to the effects of the coronavirus globally, which has generated uncertainty among investors and caused them to take refuge in the massive purchase of dollars, gold or other assets considered to be safer.
Exchange rate for sale in the interbank market (spot) today, Wednesday April 8:
09.00 hrs .: 24.2560 p / d
13.30 hrs .: 24.0100 p / dhttps: //t.co/LaOklzuAeE– Banco de México (@Banxico)
April 8, 2020
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In addition to the above, the dispute between Russia and Saudi Arabia over cuts in oil production, in which Mexico was also involved last week. As part of the conditions for reaching an international agreement, the country was required to reduce its daily production by 350,000 barrels.
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However, Mexico agreed to reduce it only by 100,000. Subsequently, in the words of President AMLO, an agreement was established so that it would be the United States that would reduce those 250,000 barrels a day in its production and thus compensate for those that Mexico would not stop producing.
Notwithstanding the foregoing, Mexico made the decision to withdraw from the negotiation to increase oil prices. According to the Reformation, this has been criticized and the Chamber of Deputies themselves have urged him to take his first world decision as president.
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Regarding the exchange rate in different banks in Mexico, as published by dollar.info on various financial entities, the price of the dollar reaches its highest level for sale in the $ 25.50 in Affirm, While the lowest to purchase is in $ 22.00, also in Affirm.
Regarding the euro, it is quoted at $ 25.54 pesos, for $ 29.04 pesos of the pound sterling in general average.
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