This is how the weight lives on this historic day of elections

The peso wins after the first box closures

A key day has arrived for the Mexican peso and begins with gains: the election of Mexico's new president this Sunday.

The national currency advances this Sunday after the closing of boxes in part of the country at 18:00 local time, because for different time zones, the total number of boxes will end at 20:00 local time.

In international wholesale electronic transactions, the dollar is sold at 19.7955 pesos, which means a gain of 0.40% for the national currency compared to the official closing on Friday, data from Bloomberg ].

Just at 18:00, the national currency has hit a minimum of 19.7955 pesos.

The national currency also started the day as a leader in the ranking which measures the performance of a basket of 24 emerging currencies against the dollar of Bloomberg. In the last position is the Russian ruble.

Analysts cited by Bloomberg mention that low liquidity in the market at this time may be a key factor in peso movements.

Analysts claim that market participants have been paying attention to the Mexican electoral process since last April and that they have dismissed the triumph of a candidate who meant a shift in government direction federal.

The session of electronic operations in the world began at 14:00 Central Mexico time with a dollar to 19,9274 pesos.