Understanding the exchange rate between the US dollar and the Mexican Peso is crucial for individuals and businesses in Mexico. As of Friday, February 21, 2025, the average exchange rate stands at 1 US Dollar = 20.3024 Mexican Pesos. This figure provides a general benchmark, but it’s important to note that exchange rates can fluctuate throughout the day and vary across different financial institutions. For those specifically looking at Banco Azteca, it’s essential to get the most up-to-date information.
The average exchange rate reflects a slight increase of 0.0313 pesos or 0.15% compared to the previous day. Looking at broader trends, the Peso has shown minimal change over the past week, appreciating slightly by 0.01%. However, over longer periods, the Mexican Peso has seen a decrease in value against the dollar, with a 1.21% depreciation over the last month, 1.66% over the last quarter, and 1.66% year-to-date. When considering longer political timelines, since Biden’s presidency began, the dollar has increased by 3.49% against the Peso, and since AMLO’s administration started, there’s been a 1.05% increase.
To get a clearer picture of where to exchange your dollars or pesos, it’s vital to compare rates offered by different banks and financial entities. The following table provides a snapshot of the dollar exchange rates offered by various Mexican banks and government institutions today:
| Entity | Buy Rate (Pesos per USD) | Sell Rate (Pesos per USD) |
|---|---|---|
| Afirme | 19.30 | 20.90 |
| Banco Azteca | 19.30 | 20.69 |
| Banco de México, FIX | – | 20.3448 |
| Banco de México, Interbank 48 hrs (Opening) | 20.311 | 20.318 |
| Banco de México, Interbank 48 hrs (Maximum) | – | 20.427 |
| Banco de México, Interbank 48 hrs (Minimum) | – | 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 | – | 20.31 |
| Inbursa | 19.90 | 20.90 |
| Intercam | 19.91 | 20.969 |
| Monex | 19.37 | 21.41 |
| For Obligations Payments | – | 20.4208 |
| SAT, Servicio de Administración Tributaria | – | 20.3733 |
| Ve por mas | 19.8098 | 21.0248 |
| Average | 19.898 | 20.7069 |
| General Average | 20.3024 |
As you can see from the table, Banco Azteca is currently offering a buy rate of 19.30 pesos per dollar and a sell rate of 20.69 pesos per dollar. It’s positioned competitively within the range of Mexican banks listed. However, it’s important to note that these rates are subject to change and can vary even within the same bank depending on location and transaction volume.
For those tracking the Mexican economy and the dollar’s performance, several news headlines are relevant today. Economic analysis from El Financiero suggests uncertainty, with articles discussing whether Mexico is facing a recession or stagnation in 2025. Concerns are raised about low growth expectations reported by Banxico’s quarterly report.
Global economic factors also play a role. The financial results and economic uncertainty in Brazil are impacting companies like Nu Holdings Ltd., demonstrating the interconnectedness of Latin American economies.
Furthermore, potential US trade policies under discussion, such as tariffs proposed by Donald Trump, are casting a shadow over the economic outlook. A billionaire investor warns that these tariffs could significantly slow down US economic growth, which in turn would affect Mexico.
Domestically, news regarding Pemex and questions about the destination of over 1 billion pesos highlight internal economic challenges that can influence investor confidence and currency valuation.
Recent data indicating that Mexico’s GDP grew only 0.5% in 2024, less than initially estimated, and a contraction in the last quarter of the year, has also contributed to the Peso’s performance against the dollar.
Global market reactions, such as Wall Street’s concerns over China-US trade relations and their impact on the Dow Jones, indirectly affect the Mexican Peso as part of broader market sentiment.
The looming threat of tariffs from the US, and the agreements being sought by Mexican officials like Marcelo Ebrard, remain a significant factor influencing the economic outlook and the Peso-Dollar exchange rate.
In conclusion, while the average dollar to Mexican Peso exchange rate today is around 20.3024, Banco Azteca is offering buy and sell rates of 19.30 and 20.69 respectively. However, numerous economic factors, both domestic and international, are currently influencing the exchange rate. It is advisable to stay informed about these factors and to always check with your specific bank or exchange institution for the most current and accurate rates before making any transactions. Remember that these figures are for informational purposes and constantly updated market data should be consulted for real-time decisions.
