On Tuesday, February 25, 2025, the average exchange rate between the U.S. Dollar and the Mexican Peso in Mexico is 1 Dollar = 20.3841 Pesos.
This represents a slight increase of 0.0177 pesos or 0.09% compared to the previous day’s average. For individuals and businesses dealing with currency exchange in Mexico, understanding these fluctuations is crucial for making informed financial decisions.
Current Average Exchange Rate
As of today, the average dollar to Mexican peso exchange rate stands at 20.3841. It’s important to note that this is an average figure. The actual exchange rate can vary depending on where you exchange currency, such as banks or exchange houses. Over the past week, the Peso has shown a slight strengthening against the Dollar, increasing by 0.08 or 0.39%. However, when looking at a longer timeframe, the Peso has slightly weakened over the last month, quarter, and year against the Dollar.
- Weekly Change: Up 0.08 (0.39%)
- Monthly Change: Down -0.17 (-0.81%)
- Quarterly Change: Down -0.26 (-1.27%)
- Yearly Change: Down -0.26 (-1.27%)
Bank Exchange Rates in Mexico
The exchange rate for buying and selling U.S. dollars can differ significantly between various financial institutions in Mexico. Below is a comparison table of exchange rates offered by different banks and government entities as of today. These figures are indicative and can change throughout the day. It’s always recommended to check directly with the institution for the most up-to-date rates before conducting any transactions.
| Institution | USD to MXN (Buy) | USD to MXN (Sell) |
|---|---|---|
| Afirme | 19.50 | 21.10 |
| Banco Azteca | 19.40 | 20.79 |
| Banco de México, FIX (Monday Rate) | 20.464 | |
| Banco de México, Interbank 48 hrs Opening (Monday Rate) | 20.498 | 20.505 |
| Banco de México, Interbank 48 hrs Maximum (Monday Rate) | 20.509 | |
| Banco de México, Interbank 48 hrs Minimum (Monday Rate) | 20.381 | |
| Bank of America | 19.3424 | 21.5983 |
| Banorte | 19.20 | 20.80 |
| BBVA Bancomer | 19.61 | 20.77 |
| Citibanamex | 19.84 | 20.97 |
| DOF (Official Federation Diary) | 20.464 | |
| Grupo Financiero Multiva | 20.52 | |
| Inbursa | 19.90 | 20.90 |
| Intercam | 19.9852 | 20.9957 |
| Monex | 19.43 | 21.48 |
| For Obligation Payments | 20.3448 | |
| SAT (Tax Administration Service) | 20.464 | |
| Ve por mas (Monday Rate) | 19.8531 | 21.0681 |
| Average (n=18) | 19.9836 | 20.7847 |
| Average of averages | 20.3841 |
As you can see from the table, there is a range of exchange rates available. Banks like Banorte and Bank of America tend to offer lower buying rates for dollars, while institutions like Afirme and Monex show higher selling rates. The Banco de México provides official rates, which are often used as benchmarks.
Factors Influencing the Exchange Rate
Several factors can influence the dollar to Mexican peso exchange rate. These include:
- Economic Indicators: Inflation rates, interest rates, and economic growth in both the US and Mexico play a significant role.
- Government Policies: Decisions from both the U.S. and Mexican governments related to trade, fiscal policy, and monetary policy can impact the exchange rate.
- Global Events: International events, market sentiment, and global economic conditions can create volatility in currency exchange markets.
- Political Stability: Political events and stability in Mexico can also influence investor confidence and the value of the Peso.
Staying informed about these factors can help in understanding the fluctuations in the dollar to Mexican peso exchange rate. For anyone conducting transactions involving USD and MXN, monitoring these rates and understanding the contributing factors is essential for effective financial planning.
