Mexican peso February 19, this is how the dollar sells today

Mexican peso falls against the dollar this February 19

The US currency sells for 20.53 pesos

The Aztec currency is the most depreciated currency of the day

Mexican peso falls against the dollar this February 19,

the US currency is sold at 20.53 pesos, according to the exchange rate, reports the news portal of The financial.

In this closing of the week the coin Aztec is found as the most depreciated of the day and week in the markets.

The currency hit a maximum of 20.44 pesos per dollar at 5:37 am; meanwhile the minimum of the session was observed in 20.25 pesos, at 11:26 hours.

Image taken from Twitter @Milenio

On the development of the Mexican peso, Gabriela Siller, director of economic and financial analysis at Banco Base, expressed her opinion.

“The performance of the peso in the foreign exchange market is evidence of a greater perception of risk with respect to Mexico, due to the effects of low temperatures in Texas on energy prices and their availability in Mexico, as well as the forthcoming discussion and approval of the Law of the electrical industry ”.

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 19

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: 20.12 Mexican pesos for every dollar.

MoneyGram takes the exchange rate at: 19.95 Mexican pesos for every dollar.

Transferwise takes the exchange rate at: 20.50 Mexican pesos for every dollar.

Remitly takes the exchange rate at: 19.90 Mexican pesos for every dollar.

Pangea Money Transfer takes the exchange rate at: 19.84 Mexican pesos for every dollar.

Filed Under: Mexican Peso February 19

Mexican peso February 19

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.