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The Mexican peso was appreciated in the first international operations before knowing the results of the local presidential election.
The currency traded at 19,789 per dollar, gaining 0.63%, or 11.0 cents, against the 19.71 Reuters reference price on Friday. Analysts pointed out that, although the profit is minimal, there is a "great volatility" in the functioning of the peso.
The implied volatility of the exchange rate was 22,774 points, a level never seen since Donald Trump's victory in the US elections in November 2016.
On the morning of polling day, the The free dollar was quoted at 19.81 pesos on average and 19.08 pesos to be purchased at the exchange offices located at Mexico City's international airport, Benito Juárez.
The greenback is sold up to 20 pesos; while the lowest price at the purchase is 18.55 pesos
In turn, the euro is sold at a maximum of 25.65 pesos and bought at a minimum of 23.96 pesos; while the yen is offered in 0.25 per unit and is bought in 0.16 per unit
In the operations of Friday, June 29, the peso closed with a depreciation due to the increase in speculative bets against the national currency. , the contagion of other currencies of emerging economies such as the Brazilian real and the South African rand, as well as the electoral process next Sunday in the country.
According to Banco Base, the last day of this week, the currency The national currency recorded a depreciation of 0.72% or 14.2 cents, reaching a minimum of 19.5622 pesos and a maximum of 19.9783 pesos for a dollar.
He explained that during the last three presidential elections of 2000, 2006 and 2012, the peso lost an average of 4.96% in the second quarter, which compares with a depreciation of 9.23% in during the quarter ended.
In the year 2000, the peso depreciated by 3.4% In 2006, the loss at the end of the month was only 0.06%, whereas in 2012 it recorded a recovery of 7.06%, which explains that, contrary to the quarterly observations, the movements of
In this month which is about to end, the Mexican currency displays a moderate appreciation of 0.26% or 5.2 cents, trading close to 19.86 pesos for a dollar
. conclude the trading day, the free dollar was sold up to 20.22 pesos, nine hundred more than the fence of yesterday, and was purchased at a minimum price of 18.80 pesos in the banks of the country's capital.
(With information from Reuters and Notimex)
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