The peso begins the session trading at 20.36 per dollar, showing a depreciation of 0.10% or 2 cents, with the exchange rate touching a minimum of 20.3390 and a maximum of 20.5124 per dollar.

The depreciation occurs alongside the general strengthening of the US dollar by 0.25%, according to the weighted index, the strength of the dollar is due to the increase in risk aversion with the appointments for the cabinet of Donald Trump, who is expected to have a strict immigration policy and a protectionist trade stance.

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International economic development is also a sensitive point that continues to be handled with the development of the new cabinet directions of the next president of the United States. It is expected that he will name Marco Rubio as secretary of state and Elise Stefanik as US ambassador to the United Nations, both have made strong comments against the Chinese government in the past.

Check here: Submarket Agua Caliente has the most competitive office prices in Tijuana

To cover a depreciation of the peso beyond 21.00 pesos per dollar, a call option, with an exercise date within one month, has a premium of 1.62% and represents the right, but not the obligation to buy dollars at the aforementioned level. On the other hand, the interbank forward for sale is at 20.52 at one month, 20.98 at 6 months and 21.53 pesos per dollar at one year.

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Monterrey.

Original Note.