As of Wednesday, February 26, 2025, the US dollar is trading at 20.46 Mexican pesos, according to the Bank of Mexico (Banco de México) at the close of the previous business day’s transactions. For those looking to understand the dollar to Mexican Peso exchange rate today, it’s crucial to consider various sources to get the best understanding of the current market.
Different financial institutions offer varying exchange rates. Here’s a snapshot of where the dollar stands at some key locations across Mexico:
At CitiBanamex, the dollar is currently listed at 19.84 pesos for buying and 20.97 pesos for selling. These rates can be useful for individuals performing transactions through major banks in Mexico.
For customers of Elektra – Banco Azteca, the exchange rate today is quoted at 19.45 MXN for buying and 20.84 MXN for selling. Banco Azteca, with its widespread presence, offers another important point of reference for the dollar’s value in pesos.
If you are using international money transfer services, Western Union is currently quoting the dollar at 20.53 MXN. This reflects the rates available for sending money internationally, providing a benchmark for remittances and global transactions. Similarly, MoneyGram lists the exchange rate at 20.89 MXN per dollar. These rates from money transfer companies are particularly relevant for individuals sending or receiving funds across borders.
It’s important to remember that the official exchange rate is determined by the Bank of Mexico. This rate is based on an average of wholesale market quotes for transactions payable on the second following business day. These quotes are gathered from currency trading platforms and other electronic means that are representative of the foreign exchange market.
In recent times, the Mexican Peso had shown resilience against the dollar compared to other global currencies. However, following the presidential election where Claudia Sheinbaum of the ruling party emerged victorious, the Peso has experienced some fluctuations. The dollar has since surpassed the 20 Mexican pesos mark after Sheinbaum’s election, succeeding Andrés Manuel López Obrador. This recent movement highlights the dynamic nature of currency exchange rates and their sensitivity to political and economic events.
For anyone tracking the dollar to Mexican Peso exchange rate today, consulting multiple sources, including the Bank of Mexico, major banks like CitiBanamex and Banco Azteca, and international money transfer services like Western Union and MoneyGram, provides a comprehensive view of the market. Staying informed on these rates is essential for financial planning, business transactions, and personal money management in Mexico.
