Mexican peso January 26, this is how the dollar is sold today

• Mexican peso advances against the dollar this January 26
• According to data from Citibanamex, the dollar is sold at 20.56 pesos
• News of the covid and the economic stimulus in the United States, keep the dollar «under pressure»

According to the exchange rate,

the Mexican peso advances against the dollar this January 26, amid the coronavirus and economic stimulus in the US, reported the news portal of The financial.

Days before the end of January 2021, the news of the covid and the economic stimulus in the United States, they keep the dollar «under pressure.»

However, on this Tuesday session, the Mexican peso strengthened a bit and achieved move along against the dollar, while people wait for positive information.

The portal reported that Citibanamex data indicates that the dollar is sell at 20.56 pesos, according to reports from the bank window.

In turn, the Bloomberg index, which indicates the strength of the US currency against a basket of ten currencies, fell 0.18 percent, to 1,222.90 points.

President Joe Biden said he was willing to modify his $ 1.9 trillion proposal and said the process for a deal is just beginning.

Americans are waiting for how much and when the third economic stimulus check would arrive so that they can face the coronavirus pandemic.

Since the COVID appeared, millions of citizens lost their jobs and have had to avoid paying for services as well as renting their houses.

That is why the US government, since Donald Trump and now that Joe Biden has arrived, have applied to provide this type of support so that the inhabitants can get ahead with their families as the economy reestablishes and the business.

Mexican peso January 26

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: 19.80 Mexican pesos for every dollar.

MoneyGram takes the exchange rate at: 19.54 Mexican pesos for every dollar.

Transferwise takes the exchange rate at: 19.97 Mexican pesos for every dollar.

Remitly takes the exchange rate at: 19.67 Mexican pesos for every dollar.

Pangea Money Transfer takes the exchange rate at: 19.48 Mexican pesos for every dollar.

Filed Under: Mexican Peso January 26

Mexican peso January 26

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 have losses against the dollar in 2021, according to the agency El Universal.

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.

The coronavirus pandemic caused economic activity to practically paralyze for weeks in most of the world and now at the beginning of the year it seems that it will take time to rebound because cases are increasing in many nations.

Flights, sales and services were stopped as a strict measure to try to stop the spread of the coronavirus around the world.

Filed Under: Mexican Peso January 26

Filed Under: Mexican Peso January 26

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