The dollar to Mexican Peso exchange rate is a crucial financial indicator for individuals and businesses involved in transactions between the United States and Mexico. As of Tuesday, February 25, 2025, the exchange rate stands at 20.43 Mexican pesos per US dollar, according to the latest data from the Banco de México (Bank of Mexico) at the close of the previous business day’s transactions.
This official rate provided by Banco de México serves as a benchmark, but it’s important to note that the actual exchange rate can fluctuate throughout the day and vary across different financial institutions. For those looking to exchange currency, understanding these variations is key to securing the best possible rate.
For instance, CitiBanamex, a major Mexican bank, is currently listing the dollar at 19.84 pesos for buying and 20.97 pesos for selling. This difference between the buy and sell rates is a common practice among financial institutions and represents their profit margin on currency exchange.
Similarly, Elektra – Banco Azteca, another prominent financial services provider in Mexico, shows a dollar exchange rate of 19.40 MXN for buying and 20.79 MXN for selling today. These figures highlight the rate differences even within Mexico’s banking sector.
For international money transfers, companies like Western Union also play a significant role in currency exchange. Today, Western Union is quoting the dollar at 20.50 MXN. Another major player in this sector, MoneyGram, lists the exchange rate at 20.85 MXN per dollar. These rates often include fees and charges associated with international money transfer services.
It’s worth noting that the Mexican Peso has experienced some volatility recently. While it had shown resilience against the dollar over the past year, recent political developments, particularly the presidential election and the victory of Claudia Sheinbaum, have introduced fluctuations. Following Sheinbaum’s election, the dollar briefly surpassed the 20 Mexican pesos mark, reflecting market reactions to political transitions.
The official exchange rate, as determined by Banco de México, is calculated based on an average of wholesale market quotations for transactions payable on the second following business day. These quotations are sourced from currency trading platforms and other electronic means representative of the foreign exchange market, as explained by the institution.
Staying informed about the dollar to Mexican Peso exchange rate is essential for anyone dealing with cross-border finances between the US and Mexico. Monitoring rates from different banks and money transfer services can help individuals and businesses make informed decisions when exchanging currency or sending money internationally.
