The Mexican peso closed this Friday with a weekly appreciation of 2.11% trading at 21.37 units per dollar in a correction week.
The data implies a weekly appreciation of 46 cents against the exchange rate of 21.83 units of the previous Friday, reported by the Bank of Mexico (Banxico).
The rebound It is a “correction” after last week the Mexican currency had its worst level since September 2020, given the fear of the new variant of the coronavirus and the uncertainty around Banxico, explained Gabriela Siller, director of economic analysis at Banco Base.
“This is the first weekly appreciation after three consecutive weeks of depreciation, in which it accumulated a loss of 7.63%,” said the analyst.
Throughout the week, the exchange rate touched a minimum of 12.21 and a maximum of 21.99 pesos per dollar, according to Banco Base.
The conference was marked by the ratification process of Victoria Rodríguez Ceja, nominated by President Andrés Manuel López Obrador (AMLO), as a member of the Governing Board of Banco de México.