On Friday, April 11, 2025, the dollar's price saw a notable reduction as the Mexican peso gained strength against the U.S. currency. The dollar was trading around 20.29 pesos per unit, which indicates a peso appreciation of 0.74%, equivalent to 15.7 centavos. This improvement in the peso's value is attributed to a 90-day window provided by the government of Donald Trump to its trading partners regarding the imposition of reciprocal tariffs. The market interprets this as a potential signal for reaching agreements that could reduce or eliminate tariff threats.
The exchange rate fluctuated throughout the day, reaching a maximum of 20.6220 pesos and a minimum of 20.2976, after opening at 20.4568. Various financial institutions reported their exchange rates for the dollar on this day. Banco Afirme listed a buying price of 19.30 pesos and a selling price of 20.90 pesos. Banco Azteca offered a buying price of 19.15 pesos and a selling price of 20.65 pesos. Banorte had a buying price of 19.20 pesos and a selling price of 20.75 pesos. BBVA Bancomer set its rates at 19.52 pesos for buying and 20.65 pesos for selling. Banamex presented a buying price of 19.75 pesos and a selling price of 20.88 pesos. Monex's rates were 19.35 pesos for buying and 21.39 pesos for selling, while Inbursa had a buying price of 19.90 pesos and a selling price of 21.50 pesos.
In Querétaro, the peso also showed a slight gain against the dollar on the same day. Banco Azteca's rates in this region reflected a buying price of 19.20 pesos and a selling price of 20.70 pesos for the dollar. The Canadian dollar was priced at 13.15 pesos for buying and 15.06 pesos for selling, while the euro was at 21.55 pesos for buying and 23.15 pesos for selling. Additionally, the price of silver Libertad was listed at 667 pesos for buying and 767 pesos for selling. The prices of gold were also significant, with 1 gram priced at 2,315.93 pesos and 1 ounce at 65,655.49 pesos. For silver, the prices were 22.56 pesos per gram and 639.45 pesos per ounce.
Meanwhile, in Peru, the dollar opened at S/3.7275 according to Bloomberg. The currency closed the previous day at S/3.7360, with the parallel market showing a buying price of S/3.710 and a selling price of S/3.735. Analysts had initially expected the dollar to stabilize at the beginning of the year, but the impact of a 10% tariff imposed by President Trump on Peru is still a concern. Economic projections for Peru have seen a slight increase, with the growth forecast raised from 3.1% to 3.2% for 2025, indicating a recovery in the economy.
The Central Bank of Peru noted improvements in inflation control and private consumption as key drivers for this economic performance. The Organization for Economic Cooperation and Development (OECD) highlighted that Peru experienced a recovery in 2024, with a growth rate of 3.1% attributed to private consumption. Looking ahead, it is estimated that Peru could attract between 20,000 and 30,000 million in international investment in 2025, contingent on the approval of structural reforms that enhance confidence and promote private investment.
Despite the ongoing political crisis in Peru, the sol has shown resilience compared to other currencies in the region. While many currencies have faced fluctuations, the sol has strengthened against the dollar and the euro. The ongoing positive factors supporting the sol may allow it to maintain this trend in the coming months and years.
Additionally, the cryptocurrency market has also been active. As of April 11, 2025, the total market capitalization of cryptocurrencies worldwide was approximately 2.6 trillion dollars, reflecting a 0.87% increase from the previous day. In the last 24 hours, the total volume exchanged in the market reached 103.1 billion dollars, although this represented a decrease of 30.88%. Stablecoins accounted for 94.53% of this volume, totaling 97.46 billion dollars. Bitcoin was trading at 82,944.09 dollars, marking a 2.40% increase, while Ethereum was at 1,569.09 dollars, showing a slight gain of 0.11%.
As for the Bank of Mexico, it set the exchange rate for settling obligations denominated in U.S. dollars at 20.4920 pesos per dollar, while the interbank rate for 48-hour operations was established at 20.4396 pesos per dollar. Looking ahead, forecasts suggest that on Monday, April 14, 2025, the maximum buying price for the dollar may be around 20.296 pesos, with a selling price potentially reaching 20.914 pesos.
Overall, the dollar's performance on April 11, 2025, reflects a complex interplay of international trade dynamics, local economic factors, and market sentiment. As traders and consumers navigate these fluctuations, staying informed about exchange rates and economic indicators will be crucial for making informed financial decisions.
