East Tuesday, February 23, 2021, the price of the dollar is at $ 20,5115 Mexican pesos, according to real-time information from the Investing.com platform. According to the Banxico record on today’s closing, the dollar FIX ended up trading at 20.5833, means it was down 9.5 cents.
For his part, Interbank Spot dollar ended in 20.5400, which represents a decrease of 10.20 cents from yesterday Monday. In this way, the Mexican peso breaks a streak of five sessions in a row losing ground. However, the currency of the United States remains above the psychological barrier of 20 pesos per unit.
According to economist Gabriela Siller, the appreciation of the Mexican peso in this session was generated by a partial correction, after the exchange rate went from a minimum of 19.8924 pesos on February 15 to a maximum of 20.8334 pesos. yesterday, February 22.
Siller indicates that the recovery of the local currency began with the appearance of Jerome Powell, president of the United States Fed, before the Senate Banking Committee. Powell confirmed that he will continue the support issued from his institution to the US economy, through the mechanism of injecting liquidity into the financial system. This, because they are not yet close to pre-pandemic levels.
Dollar price in real time:
In the national context, on this day the Chamber of Deputies discusses the reform of the Electricity Industry Law proposed by Andrés Manuel López Obrador. Also this Tuesday, the Banxico published that its international reserves fell 203 million dollars, to remain at 195 thousand 609 million dollars.
Regarding the exchange rate in the different banks in Mexico, the price of the dollar reaches its highest level for sale at $ 21.40 in Banregio, while the lowest for purchase is at $ 19.40 in Banregio, according to Dollar.info . With respect to the euro, it is priced at $ 24.93 pesos, for $ 28.96 pesos of the pound sterling in general average.
With respect to bitcoin and other cryptocurrencies fell during that day. A company that had significant million-dollar losses was Tesla. The company led by its founder Elon Musk would have lost around $ 215 billion in its market capitalization. At the beginning of the month, Musk announced an investment in bitcoin for one thousand five hundred million dollars, an action that was considered in the markets as a support mechanism for that currency. However, at the same time it has been inevitable to establish a relationship between Tesla’s shares and the movements that bitcoin presents.
This Sunday, bitcoin rose to its all-time high and was above $ 58,000. However, since Monday, it has lost ground and is currently at $ 48,676, with a downward trend.
Siller argues that as speculation increases that the US FED would moderate its highly expansionary monetary stance, the market could behave towards less risk, especially in assets whose fundamentals are ambiguous, such as cryptocurrencies.
Oil price in real time:
The price of a barrel of West Textas Intermediate (WTI) oil is currently at $ 61.34; while Brent oil is located at 64.19 dollars per barrel.
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