On Saturday, February 22, 2025, the Mexican peso began the day on the foreign exchange market at 20.33 pesos per dollar, according to data from Banco de México (Banxico). Various banks reported the sale of the dollar at 20.83 pesos, with the buying price at 19.50 pesos. Meanwhile, currency exchange houses near the Tamaulipas border set the selling price for the dollar at 20.53 pesos and 19.83 pesos for purchasing, on average.
The average exchange rate for the dollar across Mexico today is reported as 20.30 pesos. The fluctuation of the dollar's value is influenced by numerous factors, which include economic performance, political stability, and international trade dynamics.
Over the past five days, the exchange rate reflects several adjustments: on February 21, it closed at 20.3733 pesos, on February 20 at 20.4208 pesos, and February 19 at 20.3759 pesos, before settling lower earlier this week. The recent contraction of the Mexican economy by 0.6% last quarter of 2024 has raised concerns about potential recessionary pressures.
Reports from various institutions indicate fluctuations influenced heavily by supply and demand. If the peso is weak against the dollar, it could benefit Mexican exports, as cheaper products attract foreign buyers. Conversely, the elevated dollar may lead to increased pressures on inflation as it raises the cost of imports to Mexico.
Today’s exchange rate also holds relevance for tourists: as the dollar price can significantly impact travel expenses, making Mexico either more or less attractive as a destination.
For reference, below are the exchange rates reported today:
- Banco Azteca: Buying at 19.30, Selling at 20.69 pesos
- BBVA: Buying at 19.50, Selling at 20.83 pesos
- Banorte: Buying at 19.15, Selling at 20.70 pesos
- Citibanamex: Buying at 19.79, Selling at 20.92 pesos
- Scotiabank: Buying at 18.00, Selling at 21.50 pesos
A slight recovery of 0.52% for the peso was noted earlier, primarily driven by recent economic data reflecting overall growth and stability. The Banco Central de Reserva del Perú (BCR) reported similar stability within their currency, with the Peruvian sol closing at S/3.6880, showcasing how regional currencies are also adapting amid shifting global economic landscapes.
Progressing to the international arena, countries like Argentina and Colombia are witnessing noteworthy exchange values as well. The dollar stands at approximately 1,089.64 pesos argentinos and 4,098.87 pesos colombianos, indicating how various currencies interact with the dollar on the broader platform.
It is clear from the economic indicators and current exchange values exhibited today, February 22, 2025, the weight of the dollar and the subsequent reactions encapsulate much more than mere numbers; they encapsulate the expectations, fears, and financial realities confronting not only the Mexican economy but also myriad other economies across Latin America.
Mexico's reliance on remittances also plays a pivotal role; being one of the largest receivers globally, fluctuations can influence family incomes substantially. All these factors combined—local economic performance, remittance flows, tourism impact—span across the narrative of today's dollar exchange performance.
Overall, the interplay of these rates and economic indicators prepares us for shifts as we approach the next fiscal quarters, wherein economical recalibrations and adjustments are anticipated. The world watches closely as dollar values fluctuate not just within state borders but across international markets.