Understanding the dollar to Mexican Peso exchange rate is crucial for travelers, businesses, and anyone involved in US-Mexico transactions. As of Wednesday, February 26, 2025, the average exchange rate is 1 US Dollar = 20.3896 Mexican Pesos. This rate provides a general benchmark, but it’s important to note that the actual exchange rate can fluctuate throughout the day and vary depending on where you exchange your currency.
This average rate reflects a slight increase of 0.01% compared to yesterday. Looking at broader trends, the Peso has experienced:
- A 0.42% increase over the past week.
- A 0.79% decrease over the last month.
- A 1.24% decrease over the last quarter and year.
Compared to previous administrations, the Mexican Peso has seen changes:
- Since Biden took office, an increase of 3.93%.
- Since AMLO took office, an increase of 1.49%.
It’s worth noting these figures are based on averages and market movements. For the most up-to-date and precise exchange rate, it’s always recommended to consult financial institutions directly.
Current Dollar to Mexican Peso Exchange Rates from Banks in Mexico
To give you a clearer picture of where to exchange your dollars to Mexican pesos, here’s a comparison table of exchange rates offered by different banks and government entities in Mexico today. Keep in mind that these rates can change, and it’s advisable to check directly with the institution for their current rates before making any transactions.
| Entity | USD to MXN (Buy) | USD to MXN (Sell) |
|---|---|---|
| Afirme | 19.50 | 21.10 |
| Banco Azteca | 19.45 | 20.84 |
| Banco de México, FIX (Tuesday) | 20.4683 | |
| Banco de México, Interbank 48 hrs Opening (Tuesday) | 20.4455 | 20.452 |
| Banco de México, Interbank 48 hrs Maximum (Tuesday) | 20.55 | |
| Banco de México, Interbank 48 hrs Minimum (Tuesday) | 20.396 | |
| Bank of America | 19.4175 | 21.692 |
| Banorte | 19.20 | 20.70 |
| BBVA Bancomer | 19.60 | 20.76 |
| Citibanamex | 19.84 | 20.97 |
| DOF, Diario Oficial de la Federación | 20.4683 | |
| Grupo Financiero Multiva | 20.48 | |
| Inbursa | 19.90 | 20.90 |
| Intercam | 19.9473 | 20.9525 |
| Monex | 19.40 | 21.44 |
| Para pagos de obligaciones | 20.464 | |
| SAT, Servicio de Administración Tributaria | 20.4683 | |
| Ve por mas (Tuesday) | 19.8566 | 21.0716 |
| Average | 19.9918 | 20.7874 |
| Mean Average | 20.3896 |
It’s important to understand the difference between the “buy” and “sell” rates. The “buy” rate is the price at which banks and exchange houses will buy US dollars from you (meaning you receive pesos). The “sell” rate is the price at which they will sell you US dollars (meaning you pay pesos). Therefore, when exchanging dollars for pesos in Mexico, you’ll typically be interested in the “buy” rate.
Factors Influencing the Dollar to Mexican Peso Exchange Rate
Several factors can influence the USD to MXN exchange rate. These include:
- Economic Health of Both Countries: Economic indicators like GDP growth, inflation, and employment rates in both the US and Mexico play a significant role. Stronger economic data in the US can often strengthen the dollar, while similar data in Mexico can strengthen the Peso.
- Interest Rates: Differences in interest rates set by the central banks of both countries (the Federal Reserve in the US and Banco de México) can attract or deter foreign investment, impacting currency values.
- Trade Relations: As major trading partners, any shifts in trade agreements or trade tensions between the US and Mexico can cause fluctuations in the exchange rate.
- Political Stability: Political events and policy changes in either country can create uncertainty and affect investor confidence, leading to currency volatility.
- Global Market Sentiment: Global events and investor risk appetite can also influence the USD/MXN exchange rate, as investors may move towards safer currencies like the US dollar during times of uncertainty.
Tips for Getting the Best USD to MXN Exchange Rate
While the exchange rate fluctuates due to market forces, here are some tips to potentially get a better deal when exchanging dollars to Mexican pesos:
- Compare Rates: As seen in the table, exchange rates vary between different banks and institutions. Take a moment to compare rates before exchanging large sums.
- Avoid Airport Exchange Booths: Exchange booths at airports often offer less favorable rates due to convenience fees.
- Consider Bank ATMs: Withdrawing pesos directly from ATMs in Mexico can sometimes offer competitive exchange rates, but be mindful of potential ATM fees from both your bank and the local bank.
- Use Credit/Debit Cards Wisely: Credit and debit card transactions usually use competitive exchange rates, but be aware of foreign transaction fees charged by your card issuer.
- Stay Informed: Keep an eye on the exchange rate trends if you plan to make large exchanges, as timing can sometimes make a difference.
Alt Text: News headline from El Financiero: “Depression” indicating concerns about the Mexican economy in February 2025, potentially impacting the Peso exchange rate.
Stay Updated on the Exchange Rate
The dollar to Mexican peso exchange rate is a dynamic figure influenced by various economic and global factors. Staying informed about the current rate and understanding the trends can help you make informed decisions when dealing with currency exchange for travel, business, or remittances between the US and Mexico. Always consult reliable financial sources for the most current information and consider comparing options to find the most favorable exchange rate available.
Alt Text: News image from El Financiero showing Marcelo Ebrard meeting with US officials to discuss bilateral trade, a factor influencing the Mexican Peso’s value against the dollar.
Alt Text: El Financiero news article visual about Trump’s tariffs stressing the Mexican Peso and impacting the USD to MXN exchange rate on Tuesday, February 25, 2025.
