Understanding the dollar value in Mexico is crucial for travelers, businesses, and anyone monitoring international finance. As of Monday, February 24, 2025, the average exchange rate stands at 1 US Dollar = 20.3284 Mexican Pesos. This figure is a vital benchmark for daily transactions and economic analysis in Mexico.
This represents a slight increase of 0.0237 or 0.12% compared to the previous day. While seemingly small, these fluctuations are constantly monitored as they reflect broader economic trends and can impact financial decisions. For those looking to buy or sell dollars in Mexico, it’s important to note the difference between purchase and sale prices. Today’s rates show an average purchase price of 19.9284 pesos per dollar and a selling price of 20.7283 pesos.
The exchange rate is dynamic, influenced by various market factors and economic indicators. Analyzing the dollar’s performance over different periods provides valuable context. Looking back, we see:
- Week: Up by 0.02 or 0.12%
- Month: Down by -0.22 or -1.08%
- Quarter: Down by -0.32 or -1.54%
- Year: Down by -0.32 or -1.54%
- Since Biden Administration Began: Up by 0.71 or 3.62%
- Since AMLO Administration Began: Up by 0.24 or 1.18%
These figures illustrate the fluctuating nature of currency exchange and the impact of both short-term market changes and longer-term political and economic events on the dollar value in Mexico.
To get a comprehensive view, it’s essential to consult various financial institutions. Below is a comparative table of today’s dollar to peso exchange rates from different Mexican banks and government entities:
| Institution | Buy | 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 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 | 19.3424 | 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 Payment of Obligations | 20.3733 | |
| SAT, Servicio de Administración Tributaria | 20.3448 | |
| Ve por mas | 19.8616 | 21.0766 |
| Average | 19.9284 | 20.7283 |
| Average of Banco de México, FIX, DOF, SAT, Payment Obligations | 20.3423 |
This table highlights the variations in exchange rates offered by different institutions. For example, Bank of America and Monex show higher selling prices compared to Mexican banks, while institutions like Banorte and Afirme offer lower purchase prices. The Banco de México provides official rates that are often used for government and official transactions.
Recent news from El Financiero sheds light on the economic factors influencing the dollar value in Mexico.
El Financiero reports that economic perspectives and international trade forecasts are impacting the expected GDP growth for 2025. Originally projected at 1.2%, the growth expectation has been revised down to 0.6%, with a potential range from -0.2% to 1.4%. Such adjustments in economic outlook can influence investor confidence and, consequently, currency exchange rates.
Another article from El Financiero highlights how companies are adapting to economic pressures. Acería Ramos, for instance, has achieved significant savings of 300 million pesos through a “Green Office” initiative. While seemingly unrelated to currency exchange directly, these types of efficiency and sustainability programs can strengthen the Mexican economy in the long run, potentially affecting the peso’s value.
Furthermore, El Financiero provides an analysis of the broader economic downturn, noting that two of the three major sectors, agriculture and industry, have experienced setbacks. The service sector, however, has managed to remain in positive territory. Understanding these sectoral shifts is crucial for grasping the overall economic health of Mexico and its currency’s performance.
In conclusion, the dollar value in Mexico today reflects a complex interplay of global and local economic factors. While the average exchange rate is 20.3284 pesos per dollar, individual transactions will vary depending on the institution and the specific exchange rate applied. Staying informed about economic news and consulting reliable financial sources is essential for anyone dealing with currency exchange between USD and MXN. This information is updated regularly, typically every 7 minutes with publicly available data, but it is always recommended to consult directly with financial institutions for real-time rates and transaction details.
