He Mexican peso and the bag recorded its steepest quarterly decline since the first quarter of nineteen ninety five, when the second economy in Latin America was hit by a deep economic crisis known as “Tequila effect” Read Marriott Hotels: data from 5.2 million customers leaked
Local assets, like international financial markets, have suffered major setbacks in recent weeks due to the rapid spread of the coronavirus which has caused the economic activity and the collapse of international oil prices.
Exchange rate for sale in the interbank market (spot) today Tuesday, March 31:
09.00 hrs .: 23.4880 p / d
13.30 hrs .: 23.7980 p / dhttps: //t.co/LaOklzuAeE
– Banco de México (@Banxico)
March 31, 2020
The local currency ended at 23.7140 per dollar, with a gain of 0.31%, compared to 23.7880 units of the . reference price on Monday. The cumulative decline in currency between January and March was 25.3%.
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The peso won on Tuesday after a positive report on Chinese factory production and that the Mexican Foreign Exchange Commission announced the first auction of credit in dollars for up to 5 billion dollars on Tuesday as part of a series of measures to endow liquidity to the local interbank market.
He government of mexico He declared the health emergency on Monday after reaching 1,094 infected and 28 deaths from coronavirus, a decision that includes deepening measures to prevent the spread of the one that has claimed the lives of some 37,500 people around the world.
“The measure is probably late compared to the response from other countries and, although the official number of reported cases is still relatively low, the health and economic cost for Mexico will probably be one of the highest on the planet,” wrote Monex analysts. Europe.
The benchmark S & P / BMV IPC share index rose 1.04% on Tuesday to 34,554.53 points, with a volume of 377.8 million of traded securities.
The square registered a cumulative drop in the first quarter of 20.64%. During March it lost 16.38%, its worst month since October 2008.
“The coronavirus has moved its epicenter from China to Europe, and restrictive measures to tackle the crisis have caused panic. The uncertainty about the effect of these restrictions on the economy remains, “CI Banco said in a report.
In the debt market, the yield on the 10-year bond fell 21 basis points to 7.14%, while the 20-year rate dropped eight, to 7.88%.
Exchange rate in Mexico
According to the Investing.com platform, the dollar is trading at $ 23.73 pesos. In Banxico, at closing time the dollar was at $ 23.79.
The dollar in different banks this Tuesday, March 31, 2020. Source: Dollar.info
Regarding the exchange rate in the different banks of mexicoAccording to what has been published in dollar.info on various financial institutions, the price of the dollar reaches its highest level for sale at $ 25.00 in Banbajío and Scotiabank, while the lowest price for purchase is at $ 20.00 also in Scotiabank.
Regarding euro, it is quoted at $ 26.16 pesos, for $ 29.44 pesos from the pound sterling, in general average.