As of Saturday, February 22, 2025, the average exchange rate for the US dollar to Mexican Peso in Mexico stands at 1 USD = 20.3087 MXN. This figure represents an increase of 0.0063 or 0.03% compared to the previous day’s rate.
This average rate is calculated from various banks and financial institutions across Mexico, providing a general overview for those looking to understand the dollar’s value in Mexican pesos today. Keep in mind that this is a non-banking business day, which can sometimes influence exchange rate movements and availability.
Today’s Exchange Rate Snapshot
Here’s a more detailed look at today’s exchange rate, including the average buying and selling prices:
- Average Exchange Rate: 20.3087 MXN per 1 USD
- Average Buying Rate: 19.9043 MXN per 1 USD
- Average Selling Rate: 20.7131 MXN per 1 USD
While the average provides a useful benchmark, it’s important to note that individual banks and financial services may offer slightly different rates. For those needing to exchange currency, checking specific bank rates can lead to more favorable deals.
Dollar to Peso Exchange Rates Across Mexican Banks
The table below compares the exchange rates offered by various banks and government entities in Mexico today. These rates can fluctuate, so it’s advisable to confirm directly with the institution for the most up-to-date information.
| Entity | Buying Rate | Selling Rate |
|---|---|---|
| Afirme | 19.30 | 20.90 |
| Banco Azteca | 19.30 | 20.69 |
| Banco de México, FIX (Friday) | – | 20.3448 |
| Banco de México, Interbank 48 hrs Opening (Friday) | 20.311 | 20.318 |
| Banco de México, Interbank 48 hrs Maximum (Friday) | – | 20.427 |
| Banco de México, Interbank 48 hrs Minimum (Friday) | – | 20.307 |
| Bank of America | 19.2678 | 21.5054 |
| Banorte | 19.15 | 20.70 |
| BBVA Bancomer | 19.50 | 20.83 |
| Citibanamex | 19.79 | 20.92 |
| DOF, Diario Oficial de la Federación | – | 20.3733 |
| Grupo Financiero Multiva | – | 20.47 |
| Inbursa | 19.90 | 20.90 |
| Intercam | 19.91 | 20.969 |
| Monex | 19.37 | 21.41 |
| For Obligations Payments | – | 20.3733 |
| SAT, Tax Administration Service | – | 20.3733 |
| Ve por mas (Friday) | 19.8098 | 21.0248 |
| Average | 19.9043 | 20.7131 |
| Median | 20.3087 |
Image alt text: Table comparing dollar to peso exchange rates from various Mexican banks and financial institutions, displaying buy and sell rates as of February 22, 2025.
This table highlights the range of exchange rates available. For instance, Bank of America shows a higher selling rate compared to some Mexican banks, while Banorte and Afirme offer lower buying rates. These differences can be attributed to various factors, including each institution’s operating costs, risk assessments, and desired profit margins.
Factors Influencing the USD to MXN Exchange Rate
Understanding the factors that influence the dollar to peso exchange rate can help in anticipating future movements and making informed financial decisions. Several key elements play a role:
- Global Economic Conditions: International economic events, particularly in the United States, significantly impact the Mexican peso. For example, changes in US interest rates, inflation figures, or overall economic growth can strengthen or weaken the dollar against other currencies, including the peso.
- Mexico’s Economic Performance: Domestic factors within Mexico are equally crucial. Mexico’s inflation rate, interest rates set by Banco de México (the central bank), economic growth, and political stability all affect the peso’s value. Strong economic performance generally supports a stronger peso.
- Bank of Mexico Policies: Banco de México’s monetary policy decisions, such as adjusting interest rates or intervening in the foreign exchange market, are designed to manage inflation and maintain financial stability, directly influencing the peso’s exchange rate.
- Market Sentiment and Risk Appetite: Global investor sentiment and risk appetite also play a role. During times of global economic uncertainty, investors may flock to safer assets like the US dollar, increasing its demand and potentially strengthening it against the peso. Conversely, positive global sentiment can lead to increased investment in emerging markets like Mexico, potentially strengthening the peso.
Staying Updated on the Dollar to Mexican Peso Rate
The currency exchange market is dynamic, and rates can change frequently throughout the day, even within a single day. For those needing the most current information, it’s recommended to:
- Consult Real-Time Rate Websites: Numerous financial websites provide live updates on currency exchange rates.
- Check Bank Websites Directly: If you plan to exchange currency at a specific bank, checking their website or contacting them directly will give you their precise current rates.
- Monitor Financial News: Keeping an eye on financial news outlets can provide context and analysis on factors driving exchange rate fluctuations.
Image alt text: El Financiero news excerpt highlighting factors influencing the Mexican Peso exchange rate, relevant to understanding USD to MXN fluctuations.
Conclusion
Today’s average dollar to Mexican peso exchange rate in Mexico is approximately 20.3087 MXN. However, this rate varies across different banks and is subject to change based on a multitude of economic factors. For anyone needing to exchange currency, it’s crucial to check current rates from specific providers and stay informed about the economic forces that can influence these fluctuations. Understanding these dynamics allows for more informed decisions when dealing with USD to MXN exchange rates.
Disclaimer: Exchange rates are for informational purposes only and are subject to change. Consult with financial institutions for the latest rates before making any transactions.
