The Mexican peso depreciated on the last day of 2022, but presented its best annual performance in a decadesupported by the increase in interest rates of the Bank of Mexico (Banxico), remittances and foreign direct investment.
The Mexican coin registered a depreciation of 0.53 percent at the close of the day this Friday and compared to its previous closure. Meanwhile, the exchange rate It is located at 19.5089 pesos per dollar, indicate data from the Bank of Mexico (Banxico).
Our national currency reported positive data towards the end of this 2022, withn a total appreciation of 4.87 percentor 1 peso. This is his best annual result since 2012when it appreciated 7.89 percent.
On a weekly basis, the peso depreciated 0.72 percent. And on a monthly basis, the peso lost 1.04 percent.
In bank windows, the dollar it is sold at 19.95 pesos each, according to information from Citibanamex.
The dollar index (dxy), which measures the strength of the US currency against a basket made up of six currencies from developed countries, shows a decrease of 0.35 percent, at a level of 103.48 integers.
Similarly, the Bloomberg dollar index (bbdxy), reflected a decline of 0.39 percent and is around 1,246.52 points.
“We emphasize that las remittanceswhich have increased and are also used as a potential reason to explain the strength of the Mexican pesothey went from 30 billion dollars per year before the pandemic to 50 billion dollars a year now”, Citibanamex analysts mentioned.
“The increase in exports by 50 billion dollars would be almost double this improvement. Another point to note is that large FDI deals in the past have led to an appreciation of the peso Mexican,” they added.
The WTI oil rose 2.08 percent and trading at 80.44 dollars per barrel, while the Brent it loses 2.72 percent and trades at 85.72 dollars per barrel.
In the United States, the rate on 10-year Treasury notes rises 5.4 basis points to 3.8 percent. In Mexico, the 10-year M bond rate shows an increase of 2.1 basis points, settling at 9.06 percent.