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Notimex / The Voz of Michoacan
Mexico. The peso ended this Friday with a depreciation due to an increase in speculative bets against the national currency, the contagion of other emerging market currencies like the Brazilian real and the South African rand, as well as the process election next Sunday in According to Banco Base, on the last day of this week, the national currency has depreciated by 0.72% or 14.2 cents, reaching a low of 19.5622 pesos and a maximum of 19.9783 pesos by
He explained that during the last three presidential elections, in 2000, 2006 and 2012, the peso lost on average 4.96% in the second quarter, against a depreciation of 9.23% in
In 2000 , the peso depreciated 3.4% against the dollar, while in 2006, the loss at the end of the month was 0.06%, while in 2012 you will see recovery of 7.06 pigiento, so different from the quarterly observations, in this quarter the movements in the rate of change have not been consistent.
In this month that is about to end, the Mexican currency shows a moderate appreciation of 0.26 percent or 5.2 cents, trading around 19.86 pesos for a dollar.
In this context, at the end of the trading day, the free dollar was sold up to 20.22 pesos, nine hundred more than the fence of yesterday, and it was bought at a minimum price of 18.80 pesos in the banks of the national capital
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