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26 December 2024

Mexican Peso Declines As Dollar Exchange Rates Shift

Fractional drops observed across banks amid holiday currency demands.

On December 26, 2024, the exchange rate of the Mexican peso against the US dollar has shown notable fluctuations, reflecting the dynamics of the foreign exchange market. Currently, Banamex lists the dollar at 19.48 pesos for buying and 20.70 pesos for selling. For individuals wishing to convert 1,000 pesos, this exchange rate translates to receiving approximately 48.31 dollars.

According to the financial portal eldolar.info, the average exchange rate stands at 20.04 pesos per dollar today, indicating a slight depreciation of -0.024 cents or -0.12% compared to the previous day. The dollar rates also vary among other banks operating across Mexico, which can be significant for consumers depending on where they choose to exchange their currency.

On this day, the dollar exchange rates at various banks are as follows:


  • Afirme: 19.20 pesos (buy) / 20.80 pesos (sell)

  • Banco Azteca: 19.30 pesos (buy) / 20.41 pesos (sell)

  • Banorte: 18.90 pesos (buy) / 20.40 pesos (sell)

  • BBVA Bancomer: 19.28 pesos (buy) / 20.41 pesos (sell)

  • Banamex: 19.48 pesos (buy) / 20.70 pesos (sell)

  • Monex: 19.12 pesos (buy) / 21.13 pesos (sell)

  • BX+: 19.52 pesos (buy) / 20.74 pesos (sell)

  • Intercam: 19.63 pesos (buy) / 20.64 pesos (sell)

  • Ingresa aquí el resto de los bancos...

At the Aeropuerto Internacional Benito Juárez, located in Mexico City, the exchange rate is averaging around 20.18 pesos per dollar for those selling their pesos. Therefore, if you exchange 1,000 pesos at this rate, you would receive about 49.55 dollars. Conversely, the cost to purchase 1,000 dollars would demand roughly 20,180 pesos.

Reflecting on the overall situation, the slight depreciation observed could be attributed to multiple factors, including seasonal fluctuations typical during holiday periods. Historically, this time of year sees varying demands for foreign currency as travelers and consumers participate in festive activities. Such financial nuances are worth noting, as they allow consumers to make informed decisions about currency exchanges.

With the average rate recorded at 20.04 pesos for the day, many are left contemplating where to exchange their pesos to get the best deal. Comparing rates across different banks can result in significant savings, especially for frequent travelers or those dealing extensively with foreign transactions.

Understanding the shifts in currency exchange rates is not just about numbers; it’s a reflection of broader economic trends. Whether these fluctuations affect personal finances or business strategies, staying updated is key to successfully managing currency conversions.

Overall, as the year ends, monitoring exchange rates and timing currency exchanges could impact users’ financial decisions considerably. Consumers are encouraged to check different banks and utilize available information effectively to obtain favorable rates.

While the fluctuated rates pose challenges, they also present opportunities for those who stay informed. By being proactive and observant of the changes, individuals can optimize their currency exchanges.

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