Navigating currency exchange rates is crucial whether you’re traveling, managing international business, or simply keeping an eye on global economics. For those interested in the Mexican Peso and the US Dollar, understanding the daily exchange rate is essential. Today, Sunday, February 23, 2025, the average exchange rate stands at 1 US Dollar = 20.3039 Mexican Pesos. Let’s delve into the details of what this means for you and how to interpret the current exchange scenario in Mexico.
Current Dollar to Peso Exchange Rate in Mexico
As of today, the average exchange rate for the US Dollar to Mexican Peso is 20.3039. This figure is an average, and it’s important to note that the actual rates can fluctuate slightly depending on where you are exchanging currency. You’ll typically see two main rates: the buy rate and the sell rate.
- Buy Rate: This is the rate at which banks and exchange houses will buy US dollars from you. Today’s average buy rate is around 19.9009 Mexican pesos per dollar.
- Sell Rate: Conversely, the sell rate is what you’ll pay to purchase US dollars using Mexican pesos. The average sell rate today is approximately 20.707 Mexican pesos per dollar.
This difference between the buy and sell rates is how exchange services make a profit. It’s also worth noting that today is a bank holiday in Mexico, which can sometimes affect the availability and fluctuation of exchange services.
Daily and Historical Exchange Rate Trends
Understanding the daily fluctuations and historical trends can provide valuable context to the current exchange rate. Let’s examine how the dollar to peso rate has moved over different periods:
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Daily Change: Compared to yesterday, the rate has slightly decreased by -0.0048 pesos, or -0.02%. This indicates a very minor strengthening of the Mexican Peso against the US Dollar in the last 24 hours.
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Weekly Trend: Over the past week, the exchange rate has remained virtually unchanged ⇨ 0.00 0%. This suggests a period of stability in the dollar-peso exchange rate recently.
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Monthly Trend: Looking at the month-to-date figures ⇩ -0.25 -1.2%, we see a decrease of 0.25 pesos or 1.2% in the value of the dollar against the peso. This indicates a slight strengthening of the peso over the course of February.
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Quarterly and Yearly Trends: Both the quarterly ⇩ -0.34 -1.66% and year-to-date ⇩ -0.34 -1.66% changes show a decrease of 0.34 pesos or 1.66%. This longer-term perspective suggests a gradual strengthening of the Mexican Peso over the past few months and year.
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منذ Biden Administration: Since the beginning of the Biden administration ⇧ 0.69 3.5%, the dollar has appreciated by 0.69 pesos or 3.5% against the Mexican Peso.
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منذ AMLO Administration: Since the start of the AMLO administration in Mexico ⇧ 0.21 1.06%, there has been an increase of 0.21 pesos or 1.06% in the dollar’s value relative to the peso.
These historical comparisons provide a broader understanding of the current exchange rate within different political and economic contexts.
Exchange Rates at Major Banks in Mexico
While the average rate gives a general overview, the exchange rate can vary among different banks and financial institutions in Mexico. Below is a comparative table showing the buy and sell rates offered by various entities today:
| Institution | Buy Rate (Pesos) | Sell Rate (Pesos) |
|---|---|---|
| Afirme | 19.30 | 20.90 |
| Banco Azteca | 19.30 | 20.69 |
| Banco de México, FIX (Friday) | 20.3448 | |
| Banco de México, Interbank 48 hrs Opening (Friday) | 20.311 | 20.318 |
| Banco de México, Interbank 48 hrs Maximum (Friday) | 20.427 | |
| Banco de México, Interbank 48 hrs Minimum (Friday) | 20.307 | |
| Bank of America | 19.2678 | 21.5054 |
| Banorte | 19.15 | 20.70 |
| BBVA Bancomer | 19.50 | 20.83 |
| Citibanamex | 19.79 | 20.92 |
| DOF, Diario Oficial de la Federación | 20.3733 | |
| Grupo Financiero Multiva | 20.47 | |
| Inbursa | 19.90 | 20.90 |
| Intercam | 19.8487 | 20.8592 |
| Monex | 19.37 | 21.41 |
| Para pagos de obligaciones (Payments) | 20.3733 | |
| SAT, Servicio de Administración Tributaria | 20.3733 | |
| Ve por mas (Friday) | 19.8098 | 21.0248 |
n = 18 Institutions Listed
Average Buy Rate: 19.9009 Pesos
Average Sell Rate: 20.707 Pesos
Average Exchange Rate: 20.3039 Pesos
As you can see, exchange rates can differ slightly across institutions. For example, Bank of America shows a wider spread between buy and sell rates compared to some Mexican banks. It’s always advisable to compare rates from different sources before making a currency exchange to ensure you are getting the most favorable deal.
Factors Influencing the USD to MXN Exchange Rate
Several factors can influence the dollar to peso exchange rate. These include:
- Economic Indicators: Economic data releases from both the US and Mexico, such as inflation rates, GDP growth, and employment figures, can impact currency values.
- Interest Rates: Differences in interest rates between the US Federal Reserve and Banco de México can attract or deter foreign investment, affecting exchange rates.
- Political Stability: Political events and policy changes in either country can create uncertainty and volatility in the currency market.
- Global Market Sentiment: Global events and investor risk appetite can also play a role in currency fluctuations.
- Commodity Prices: As Mexico is a significant oil exporter, changes in global oil prices can impact the value of the Mexican Peso.
Conclusion: Staying Informed About the Dollar to Peso Rate
The dollar to Mexican Peso exchange rate is a dynamic figure influenced by various economic and global factors. Today’s average rate is approximately 20.3039 pesos per dollar, but it’s essential to consider that rates vary among different banks and exchange services. For anyone needing to exchange currency, whether for travel, business, or personal reasons, staying informed about the current rates and understanding the trends is crucial to making financially sound decisions. Remember to always compare rates from multiple sources to find the best possible exchange for your needs.
Disclaimer: Exchange rates are constantly changing. The information provided here is based on data available as of February 23, 2025, and should be used as a reference only. For the most up-to-date rates, please consult directly with financial institutions or use real-time currency converter tools.
