On March 26, 2025, the Mexican peso opened the day at approximately 20.07 pesos per US dollar, reflecting a slight depreciation of 0.11% or two cents compared to the previous day’s closing price of 20.05 pesos. According to the Banco de México (Banxico), the dollar was quoted at 20.0762 pesos for one US dollar, which is consistent with the rates published in the Official Gazette of the Federation (DOF).
In banking institutions, the dollar was priced at an average of 20.32 pesos for sale and 19.18 pesos for purchase. Meanwhile, in exchange houses along the Tamaulipas border, the dollar sold for about 20.62 pesos and was bought for 19.46 pesos. These rates can fluctuate slightly based on the specific bank or region, as exchange rates are influenced by both local and international economic factors.
The previous day, March 25, saw the dollar close at 20.06 pesos in Mexico, marking a 0.12% increase from the previous day’s 20.03 pesos. Grupo Financiero Monex reported a 0.21% decrease in the dollar’s price on that day. Despite the dollar’s slight decline, the peso was unable to capitalize on this change and instead closed with losses.
As the markets brace for the upcoming implementation of tariffs announced by President Donald Trump, which are set to take effect on April 2, 2025, the uncertainty surrounding these trade policies continues to weigh heavily on the peso. Trump has indicated that he will implement these tariffs in two phases and will keep reviewing geopolitical issues.
Banxico has projected that the dollar will trade between 20.24 and 20.69 pesos throughout 2025, a conservative estimate considering the potential repercussions of Trump's policies. The central bank also forecasts inflation to remain below 4%, estimating it will reach 3.8% in 2025, while GDP growth is expected to be modest at just 1.2%.
The Mexican peso, which is the legal currency of Mexico, is notable for being the first currency to adopt the dollar sign ($), a symbol later used by the United States for its own dollar. Currently, the peso is the fifteenth most traded currency globally and the most traded in Latin America, following the US and Canadian dollars. The abbreviation for the Mexican peso is MXN, which replaced the older MXP designation before 1993.
On the retail front, the maximum selling price of the dollar reached 21.2766 pesos at Bank of America branches, while Inbursa offered the highest buying price at 19.60 pesos. Banorte provided the lowest buying price at 18.80 pesos and the lowest selling price at 20.35 pesos.
In the cryptocurrency market, the total market capitalization stood at $2.87 trillion on March 26, 2025, marking a slight increase of 0.08% from the previous day. Over the last 24 hours, $76.09 billion worth of transactions occurred in the crypto market, while stable coins accounted for $71.71 billion, representing 94.25% of the total volume.
Bitcoin was trading at $87,454.05, reflecting a decrease of 0.53% in the last 24 hours, while Ethereum was priced at $2,050.60, down 1.22% during the same period. As the market continues to evolve, investors remain cautious, particularly regarding potential changes in the regulatory landscape and economic conditions.
As the situation develops, experts will continue to monitor the peso-dollar exchange rate closely, especially with the looming tariffs and ongoing discussions about trade relations between the United States and Mexico. The interplay of domestic economic policies and international trade dynamics will play a crucial role in shaping the future of the Mexican peso and its position in the global market.
