General News

Price of the dollar at the close in Mexico right now, Thursday, February 25

East Thursday, February 25, 2021, the value of the dollar is in $20.8785 Mexican pesos, in response to real-time info from the platform. In line with the Banxico file on right now’s closing, the dollar FIX ended up buying and selling at 20.8523 so it was up 37.71 cents.

In flip, the Interbank Spot dollar ended in 20.7590 which represents a rise of 33.20 cents since yesterday Wednesday. The Mexican peso misplaced once more after two days in which it had regained floor in opposition to the United States foreign money.

In line with economist Gabriela Siller, the peso ended the session with a 2.54% depreciation. The trade fee reached a minimal of 20.3714 and a most of 21.0363 pesos per dollar unit. This can be a value that has not been offered and has not been seen since November 5. At the similar time, it represents the largest drop on a day by day stage since September 23, 2020.

Dollar value in actual time:

Siller highlights the concern in the markets, evident in the fee of US Treasury bonds, which is dragging the foreign money market. The specialist argues that the market is discounting a « Taper Tantrum ». Taper Tantrum is the time period used to outline the violent response that markets current to decreases in liquidity injections from the US FED. Though the Fed has indicated on a number of events that it’s a great distance from eliminating the stimulus, the market reacts as if the reverse was anticipated.

Concerning the trade fee in the completely different banks in Mexico, the value of the dollar reaches its highest stage on the market at $ 21.50 in Inbursa, Banregio and Monex, whereas the lowest for buy is at $ 19.44 at Banco Base, from settlement with Dollar.information. With respect to the euro, it’s priced at $ 25.42 pesos, for $ 29.25 pesos of the pound sterling in normal common.

With respect to bitcoin, the value of the cryptocurrency fell and is presently at 47 thousand 740.7 {dollars}, with a downward pattern.

Oil value in actual time:

The worth of a barrel of West Textas Intermediate (WTI) oil is presently at $ 63.38; whereas Brent oil is situated at 66.12 {dollars} per barrel.

For extra details about the Dollar, go to the Information part of day by day.

About the author

Donna Miller

Donna is one of the oldest contributors of Gruntstuff and she has a unique perspective with regards to Science which makes her write news from the Science field. She aims to empower the readers with the delivery of apt factual analysis of various news pieces from Science. Donna has 3.5 years of experience in news-based content creation, and she is now an expert at it. She loves journalism, and that is the reason, she moved from a web content writer to a News writer, and she is loving it. She is a fun-loving woman who has very good connections with every team member. She makes the working environment cheerful which improves the team’s work productivity.

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