Understanding the dollar price in Mexico is crucial for travelers, businesses, and anyone involved in international transactions. As of Monday, February 24, 2025, the average exchange rate is 1 US Dollar = 20.3671 Mexican Pesos. This represents a slight increase of 0.31% from the previous day. For those looking to buy dollars, the average price is around 19.9724 pesos, while selling dollars will fetch approximately 20.7618 pesos.
This daily fluctuation is part of a broader trend. Looking at the week-to-date, the dollar has appreciated by 0.31%. However, over longer periods, the Mexican Peso has shown some strength. Month-to-date, the dollar is down by 0.89%, and both quarter-to-date and year-to-date figures show a decrease of 1.35%. Since President Biden took office, the dollar has gained 3.82% against the Peso, while since President AMLO assumed office, the dollar has appreciated by 1.37%.
For practical purposes, it’s essential to compare exchange rates offered by different financial institutions. Below is a comparison table from various banks and Mexican government entities, showing the buying and selling rates for US dollars today:
| Entity | Buy (Pesos) | Sell (Pesos) |
|---|---|---|
| Afirme | 19.50 | 21.10 |
| Banco Azteca | 19.45 | 20.64 |
| Banco de México, FIX | – | 20.464 |
| Banco de México, Interbancario 48 hrs Apertura | 20.498 | 20.505 |
| Banco de México, Interbancario 48 hrs Máximo | – | 20.509 |
| Banco de México, Interbancario 48 hrs Mínimo | – | 20.381 |
| Bank of America | 19.3424 | 21.5983 |
| Banorte | 19.20 | 20.80 |
| BBVA Bancomer | 19.62 | 20.77 |
| Citibanamex | 19.84 | 20.97 |
| DOF, Diario Oficial de la Federación | – | 20.3448 |
| Grupo Financiero Multiva | – | 20.47 |
| Inbursa | 19.90 | 20.90 |
| Intercam | 19.983 | 20.9935 |
| Monex | 19.43 | 21.48 |
| Para pagos de obligaciones | – | 20.3733 |
| SAT, Servicio de Administración Tributaria | – | 20.3448 |
| Ve por mas | 19.8531 | 21.0681 |
| Average | 19.9724 | 20.7618 |
| Average Exchange Rate | – | 20.3671 |
It’s important to note that these rates are indicative and can change throughout the day. The information is updated every 7 minutes based on public data, and should be used as a reference only. The currencies in question are the US Dollar (USD) and the Mexican New Peso (MXN).
Image alt text: CNBC favicon linking to news about potential tariffs impacting Mexico and Canada.
Factors Influencing the Dollar to Peso Exchange Rate
Several factors can influence the dollar price in Mexico. Economic policies in both the US and Mexico, inflation rates, and global market conditions all play a role. Political events can also have a significant impact.
Recent news highlights potential factors that could affect the exchange rate. For instance, statements from political figures regarding trade and tariffs can create market volatility.
Image alt text: Donald Trump speaking at a podium, referencing news about US tariffs on Mexico and Canada.
According to CNBC, former President Trump stated that tariffs on Canada and Mexico “will go forward” when the delay on implementation expires next week. Such announcements can influence investor sentiment and currency values.
News and Events Affecting the Mexican Peso
Beyond tariffs, other news events can also impact the dollar price in Mexico. Domestic Mexican news, such as discussions around crime and politics, can subtly shift investor confidence.
Image alt text: Claudia Sheinbaum speaking at a press conference, related to Mexico News Daily article about El Mayo Zambada.
Mexico News Daily reported on Friday that El Mayo Zambada’s repatriation request and discussions on combating organized crime were key topics at President Sheinbaum’s press conference.
Image alt text: General CQ Brown in military uniform, picture from Fox News article about US-Mexico border review.
Additionally, Fox News reported that the Joint Chiefs of Staff Chairman is reviewing troops at the US-Mexico border, reflecting ongoing attention to border security and immigration policies.
Staying Updated on the Dollar Price in Mexico
For anyone needing to exchange dollars to pesos or vice versa, staying informed about the current exchange rate is vital. Monitoring financial news sources and using comparison tools can help secure the best rates. Remember that the rates provided are for informational purposes and real transaction rates may vary slightly. Always check with your bank or exchange service for the exact rate before making a transaction.
