Understanding the Cost of the Dollar in Mexico: A Comprehensive Guide

As of Tuesday, February 25, 2025, the average exchange rate for the U.S. Dollar to Mexican Peso in Mexico stands at 1 USD = 20.3859 MXN.

This represents a slight increase of 0.0194 or 0.1% from the previous day. For individuals and businesses dealing with currency exchange in Mexico, understanding these fluctuations is crucial. This article provides a detailed look at the current dollar to peso exchange rate, recent trends, and where to find the most competitive rates.

The data indicates the following trends over different time frames:

These figures highlight the dynamic nature of the foreign exchange market and the various factors that can influence the cost of the dollar in Mexico.

Below is a comparative table showing the buy and sell rates offered by different banks and government entities in Mexico today:

Entity Buy (Pesos per USD) Sell (Pesos per USD)
Afirme 19.50 21.10
Banco Azteca 19.45 20.84
Banco de México, FIX 20.4683
Banco de México, Interbank 48 hrs Open 20.4455 20.452
Banco de México, Interbank 48 hrs Max 20.55
Banco de México, Interbank 48 hrs Min 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 20.464
Grupo Financiero Multiva 20.52
Inbursa 19.90 20.90
Intercam 19.9508 20.9933
Monex 19.40 21.44
For Obligations Payments 20.3448
SAT, Tax Administration Service 20.464
Ve por mas 19.8566 21.0716
Average (n=18) 19.9871 20.7848
Mean Rate 20.3859

It’s important to note that these rates are indicative and can fluctuate throughout the day. For the most accurate and up-to-date information, it is always recommended to consult directly with the financial institution before making any transactions.

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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 ‘840’. The peso currency expressed is the ‘Mexican New Peso’ with the ISO4217 alphabetic code ‘MXN’ and the numeric ‘484’. 20250225162319766

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