The peso starts the session with high volatility, trading around 20.11 pesos per dollar, with the exchange rate touching a minimum level of 20.0860 and a maximum of 20.3680. The exchange rate began an erratic movement after 6:00 a.m., after knowing Mexico‘s GDP for 2020. The opportunity estimate
Exports maintain a growing share in Mexico‘s Gross Domestic Product (GDP), highlighted Daniel Arias, an analyst at Monex. Before the publication of the GDP figures for the last quarter of 2020, the expectation is that the economy will have registered an annual contraction of 5.2%, Arias said. In
Banorte‘s area of analysis highlighted this Thursday that the main impact on Mexico’s foreign trade could be concentrated in imports, mainly consumer goods -both oil and non-oil- in the face of generally downward mobility levels (reducing demand for gasoline) and shopping centers and other non-essential stores closed. In
Grupo México reported this Thursday that it took actions to expedite the movement of cargo in imports that are made through the Port of Manzanillo, Mexico. “Faced with the saturation crisis that has congested the operations of the Port of Manzanillo, in the state of Colima, and that
The peso closed the session with an appreciation of 0.33% or 6.6 cents, trading around 20.23 pesos per dollar, with the exchange rate touching a minimum of 20.1293 and a maximum of 20.4589 pesos. In general, the appreciation of the peso during the session was due to a
World tourism recorded its worst year in 2020, with a 74% drop in international arrivals, according to the latest data from the World Tourism Organization (UNWTO). Destinations around the world received 1 billion fewer international arrivals in 2020 than the previous year, due to an unprecedented slump in