The Mexican peso begins the day today with a significant loss in its value against the dollar, which makes it the fourth-most depreciated currency globally this Friday.
The price of the dollar today Friday, January 22, 2021, is quoted at $ 19.95 Mexican pesos, according to investing.com. This morning the Mexican peso began the day with a depreciation of 19 cents, trading above 19.90 units per dollar in the exchange rate. In this way, the national currency loses much of the ground that it gained in its value compared to the United States currency during the last days, after the start of the Joe Biden government.
At the global level, most currencies are losing ground against the dollar this morning, due to a greater aversion to risk around the world, a situation that is related to the advance of the pandemic in several countries. Of all these losing currencies, the peso is the fourth globally that decreased its price the most. Yesterday the Mexican peso closed around 19.73 units.
Most of the currencies of emerging countries registered a fall against the dollar during the first hours of this Friday, due to the impact that the Covid-19 pandemic has had on the United States economy.
This sentiment of greater risk in the markets came after less optimistic economic data was published, which affected the good mood of the markets.
Dollar price in real time:
If this situation prevails, the dollar will continue to remain strong, although much of what happens in the coming days with the Joe Biden government may move the balance.
In the following graph you can see the behavior of the dollar in real time, in relation to the Mexican peso:
Regarding the euro , today, Friday, January 22, it is listed at $ 24.19 Mexican pesos, for $ 27.16 pesos of the British pound, in general average.
Oil price in real time:
In recent days, the price of West Texas Intermediate crude has fallen, due to doubts about demand in the coming months, given the establishment of new travel restrictions in several countries, due to the outbreak of the pandemic of the Covid-19.