The Mexican peso and the US dollar have a long and intertwined history. Understanding the current exchange rate is crucial for anyone traveling to Mexico, investing in Mexican businesses, or sending money across the border. This article will provide you with the most up-to-date information on the dollar-peso exchange rate and explore the factors that influence it.
Current Exchange Rate (Tipo de Cambio)
As of Friday, February 28, 2025, the average exchange rate for the US dollar in Mexico was:
1 USD = 20.4078 MXN
This represents a slight increase of 0.1% (0.0203 MXN) from the previous day. The buying (compra) price was 20.0319 MXN, and the selling (venta) price was 20.7838 MXN. This information reflects the exchange rate during banking hours.
Exchange Rate Fluctuations (Fluctuaciones del Tipo de Cambio)
The dollar-peso exchange rate is constantly fluctuating due to a variety of factors, including:
- Economic conditions in both countries: A strong US economy generally leads to a stronger dollar against the peso. Conversely, a weaker Mexican economy can depreciate the peso.
- Interest rate differentials: Higher interest rates in Mexico can attract foreign investment, strengthening the peso.
- Political events: Political instability or uncertainty in either country can affect the exchange rate. For example, trade agreements or policy changes can impact investor confidence.
- Global market trends: Global events, such as changes in oil prices or international crises, can also influence the exchange rate.
The exchange rate has seen the following changes over different time periods:
- Weekly: Increase of 0.51% (0.10 MXN) since February 23, 2025.
- Monthly: Decrease of 0.7% (-0.14 MXN) since January 31, 2025.
- Quarterly: Decrease of 1.15% (-0.24 MXN) since December 31, 2024.
- Yearly: Decrease of 1.15% (-0.24 MXN) since December 31, 2024.
It’s important to note that these are average rates, and the actual exchange rate you receive can vary depending on the bank or exchange house you use.
Where to Find Exchange Rate Information (Dónde Encontrar Información del Tipo de Cambio)
You can find up-to-date exchange rate information from various sources, including:
- Banco de México (Banxico): The central bank of Mexico publishes daily exchange rates.
- Commercial banks: Banks in Mexico display their current buy and sell rates for the US dollar.
- Online currency converters: Websites and apps provide real-time exchange rate information.
- Financial news outlets: News organizations often report on currency movements and market trends.
The following table shows a comparison of dollar-peso exchange rates from different Mexican banks and government entities:
| Entity | Dollars | Pesos | Buy | Sell |
|---|---|---|---|---|
| Banco Azteca | 19.50 | 20.84 | ||
| Banco de México (FIX) | 20.4722 | |||
| Banco de México (Interbank) | 20.5075 | 20.514 | ||
| Bank of America | 19.3424 | 21.5983 | ||
| Banorte | 19.25 | 20.80 | ||
| BBVA Bancomer | 19.62 | 20.77 |
Conclusion
Knowing the current exchange rate for the US dollar in Mexico is essential for various financial transactions and planning purposes. By staying informed about the factors influencing the exchange rate and consulting reliable sources for up-to-date information, you can make informed decisions about your money. Remember that exchange rates are dynamic and can change frequently, so it’s always best to check the latest information before making any transactions.
