As of Monday, February 24, 2025, the average exchange rate between the US Dollar and the Mexican Peso in Mexico stands at 1 Dollar = 20.3284 Pesos.
This represents a slight increase of 0.0237 pesos or 0.12% compared to the previous day.
Here’s a breakdown of today’s exchange rate:
- Average Exchange Rate: 20.3284 MXN per 1 USD
- Buying Rate: 19.9284 MXN per 1 USD
- Selling Rate: 20.7283 MXN per 1 USD
This data reflects the average rate for the business banking day.
Exchange Rate Trends Over Time:
- This Week: The rate has slightly increased by 0.02 pesos or 0.12% compared to February 23, 2025.
- This Month: There has been a decrease of -0.22 pesos or -1.08% compared to January 31, 2025.
- This Quarter: The exchange rate has decreased by -0.32 pesos or -1.54% compared to December 31, 2024.
- This Year: The year-to-date change shows a decrease of -0.32 pesos or -1.54% since December 31, 2024.
- Since Biden Administration Began: The Peso has weakened against the Dollar by 0.71 pesos or 3.62% since January 19, 2021.
- Since AMLO Administration Began: The Peso has also weakened against the Dollar by 0.24 pesos or 1.18% since November 30, 2018.
Exchange Rates from Mexican Banks and Government Entities:
Below is a comparative table showing the Dollar to Mexican Peso exchange rates published today by various banks and Mexican government entities. These rates can vary slightly depending on the institution and are intended as a reference.
| Entity | USD to MXN (Buy) | USD to MXN (Sell) |
|---|---|---|
| Afirme | 19.30 | 20.90 |
| Banco Azteca | 19.35 | 20.74 |
| Banco de México, FIX Friday | – | 20.3448 |
| Banco de México, Interbank 48 hrs Open Friday | 20.311 | 20.318 |
| Banco de México, Interbank 48 hrs Max Friday | – | 20.427 |
| Banco de México, Interbank 48 hrs Min Friday | – | 20.307 |
| Bank of America | 19.3424 | 21.5983 |
| Banorte | 19.20 | 20.75 |
| BBVA Bancomer | 19.62 | 20.76 |
| Citibanamex | 19.79 | 20.97 |
| DOF, Diario Oficial de la Federación | – | 20.3448 |
| Grupo Financiero Multiva | – | 20.47 |
| Inbursa | 19.90 | 20.90 |
| Intercam | 19.975 | 20.9855 |
| Monex | 19.45 | 21.50 |
| For Obligation Payments | – | 20.3733 |
| SAT, Tax Administration Service | – | 20.3448 |
| Ve por mas | 19.8616 | 21.0766 |
| Average (n=18) | 19.9284 | 20.7283 |
| Median | 20.3284 |
Key Factors Influencing the USD to MXN Exchange Rate:
The Dollar to Mexican Peso exchange rate is constantly fluctuating due to a variety of global and local economic factors. Some of the primary drivers include:
- Interest Rate Differentials: The difference in interest rates between the US Federal Reserve and Banco de México can significantly impact currency flows. Higher interest rates in Mexico can attract foreign investment, strengthening the Peso.
- Inflation Rates: Inflation levels in both countries play a crucial role. Higher inflation in Mexico compared to the US can weaken the Peso as its purchasing power decreases.
- Economic Growth and Performance: The overall economic health of both Mexico and the US influences investor confidence and currency valuation. Stronger economic growth in Mexico can boost the Peso.
- Trade Balance: Mexico’s trade balance with the US and other countries affects the demand for the Peso. A trade surplus can strengthen the currency.
- Political Stability and Risk: Political events, policy changes, and overall stability in Mexico can impact investor sentiment and the exchange rate.
- Global Market Sentiment: Risk appetite in global markets and international events can also drive fluctuations in the USD/MXN rate.
Today’s Dollar News in Mexico:
- El Financiero: Kathia Ramos: Perspectives on the Economy and International Trade
“The GDP growth expectation for 2025 decreased from 1.2% to 0.6%, considering a range of –0.2% to 1.4%.” (Link to Article)
- El Financiero: Acería Ramos Achieves Savings of 300 Million Pesos with “Green Office”
“The program seeks to develop a participatory culture among employees and promote responsible environmental practices.” (Link to Article)
- El Financiero: Radiography of the Economic Downturn
“Among the three major sectors, two showed declines: agriculture and industry, while the tertiary sector managed to remain in positive territory.” (Link to Article)
Disclaimer:
Updated with public information every 7 minutes. The amounts are reference data only. The dollar currency expressed is the ‘US Dollar’ with the ISO4217 alphabetic code ‘USD’ and the numeric code ‘840’. The peso currency expressed is the ‘Mexican New Peso’ with the ISO4217 alphabetic code ‘MXN’ and the numeric code ‘484’. 20250224092334486
