Mexican peso February 18: This is how the dollar sells today

The dollar strengthens slightly this day

Frosts continue to affect the energy sector and raise prices

According to Bloomberg data, the currency appreciates 0.68 percent, to 20.36 units, in the interbank sphere.

Mexican peso February 18. As reported The financial, the dollar advanced this Thursday, with most currencies recovering after the strong depreciation, in an environment where frosts continue to affect the energy sector and raise prices.

According to data from Bloomberg, the currency appreciates 0.68 percent, to 20.36 units, in the interbank sphere, while at the bank window, the dollar is sold at 20.45 pesos, according to Citibanamex.

The Bloomberg index, which measures the strength of the greenback against a basket of ten currencies, falls 0.1 percent to 1,188.37 points.

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Foreign Direct Investment falls 11.7% in 2020

In 2020, in the midst of pandemic, Foreign Direct Investment that Mexico received registered a fall of 11.7%, said the Ministry of Economy.

According to preliminary figures, from January to December 2020, investment flows reached the figure of 29,979 million dollars, less than the 32,912 million dollars in 2019.

This reduction in investment came amid a 42% decline in global investment flows according to the United Nations Conference on Trade and Development (UNCTAD).

The agency announced that 55.4% of the capital received by Mexico was for reinvestment of profits, followed by 22.6% of intercompany accounts and 22% of new investments.

The capital of the United States was the country of origin of most of the investments with 39.1 percent, followed by Canada with 14.5%, Spain 13.7%, Japan 4.2%, Germany 3.5% and other countries.

Mexican peso February 18

What is the best option to send money to Mexico from the United States?

This is the comparison of money transfer service providers, so that you can make a better decision when sending dollars to your relatives in Mexico:

Western Union takes the exchange rate at: 20.01 Mexican pesos for every dollar.

MoneyGram takes the exchange rate at: 19.82 Mexican pesos for every dollar.

Transferwise takes the exchange rate at: 20.44 Mexican pesos for every dollar.

Remitly takes the exchange rate at: 20.94 Mexican pesos for every dollar.

Pangea Money Transfer takes the exchange rate at: 19.72 Mexican pesos for every dollar.

Filed Under: Mexican Peso February 18

Mexican peso February 18

This Friday, February 19, the government report on employment will be released, which is expected to show an increase in hiring around 100,000, according to the data provider FactSet. The unemployment rate is forecast to remain at 6.7 percent for the third month

Although the year began with hopes of an economic reactivation due to the application of the coronavirus vaccine, some analysts predict that the Mexican peso will lose against the dollar in 2021, according to the El Universal news agency.

However, they do not see the whole picture in a diffuse way, since they trust that this year oil and the Mexican Stock Exchange will achieve profits.

The dollar achieved a close of 2020 at 19.91 pesos and accumulated a depreciation of 5.5% or 1.04 units during the year, this due to the high volatility in the markets due to the coronavirus.

In addition, they point out that it is very possible that the wholesale exchange rate will depreciate to 20.30 pesos by the end of 2021, according to the results of the most recent survey that CitiBanamex carried out with more than 29 banks.