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Mexican peso takes hard hit

Mexico City, Mexico — On Monday, at the close of operations at the Bank of Mexico (Banxico), the peso-dollar parity concluded at 21.1790, which meant the green bill advanced 1.06 peso.

The Mexican peso suffered a collapse of 5.31 percent on Monday, compared to last Friday in what is considered the worst fall since January 2017, when the exchange sale rate was at 21.1845 pesos per dollar.

Meanwhile, the sale to the public closed at 21.40 pesos per dollar in the windows of bank branches of CitiBanamex.

At noon in the international financial markets, the Mexican Stock Exchange (BMV) reported a 5.92 percent drop, while US stock indicators record losses of between 6.0 and 8.0 percent. The depreciation came as a result of the global fall of stock exchanges due to the war on oil prices.

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