On Friday, April 11, 2025, the Mexican peso continued to show strength against the US dollar, trading at an average exchange rate of 20.42 pesos per dollar. This marks a slight decrease of 0.09% compared to the previous closing rate, reflecting cautious market sentiment amidst mixed economic data from the United States and ongoing trade tensions with China.
The dollar's purchase price was reported at 20.4158 pesos, while the selling price reached 20.4340 pesos. Throughout the morning, the exchange rate fluctuated within a daily range of 20.2976 to 20.6228 pesos, indicating moderate volatility in the currency market. The recent announcement of new tariffs by China on US products could lead to further declines in the dollar's value, prompting traders to keep a close eye on market movements.
In banking institutions across Mexico, the dollar's price varied significantly on this day. For instance, Afirme bought the dollar at 19.30 pesos and sold it at 20.90 pesos. Banco Azteca had slightly different rates, purchasing at 19.20 pesos and selling at 20.70 pesos. Other banks, such as Bank of America, offered a purchase price of 19.4175 pesos and a selling price of 21.692 pesos, while Banorte acquired dollars at 19.20 pesos, selling them at 20.75 pesos. BBVA Bancomer quoted a buying price of 19.55 pesos and a selling price of 20.69 pesos.
CiBanco indicated the dollar price at 20.70 pesos, and Banamex had a purchase price of 19.81 pesos and a selling price of 20.94 pesos. Monex's rates were 19.36 pesos for buying and 21.40 pesos for selling. Intercam's rates were 19.8944 pesos on the buy side and 20.0916 pesos on the sell side, while Grupo Financiero Multiva quoted the dollar at 20.48 pesos. Inbursa had a buying price of 19.90 pesos and a selling price of 20.90 pesos.
The fluctuations in the exchange rate are influenced by both domestic economic conditions in Mexico and international factors, including the monetary policies of the US Federal Reserve and global economic situations. The peso's appreciation against the dollar was attributed to a decline in the dollar's value and an improvement in industrial production metrics.
On the same day, the peso started the trading session with an average quotation of 20.36 pesos per dollar, reflecting an appreciation of 11 cents compared to the previous close. The exchange rate oscillated between a minimum of 20.29 and a maximum of 20.62 pesos, with the peso gaining 0.20% against the dollar and showing a weekly accumulated gain of 0.65%. However, on a monthly basis, the peso still reflects a slight loss of 0.37%.
The dollar index, which measures the currency against six major pairs, fell by 1.07% following China's decision to impose new tariffs of up to 125% on US products. This decision is seen as a direct response to the tariffs imposed by the Trump administration, contributing to the dollar's weakness in global markets. Meanwhile, the euro appreciated by 1.21%, and the pound sterling advanced by 0.92%, buoyed by positive economic indicators from Europe.
In the broader context of economic performance, the industrial production data for February showed an unexpected monthly growth of 2.5%, significantly above the 0.1% estimated by analysts. This recovery from a previous decline of -0.6% has been interpreted as a sign of economic resilience in Mexico, further supporting the peso's value.
Despite the positive indicators, the dollar remains under pressure due to ongoing uncertainties surrounding US trade policies and their implications for the Mexican economy. The recent volatility in currency markets has heightened concerns among investors, particularly regarding the potential impact of escalating trade tensions on supply chains and economic stability.
As of April 11, 2025, the dollar's price in Mexican banks varied, with BBVA Mexico quoting a buy price of 19.48 pesos and a sell price of 20.62 pesos. Citibanamex offered a buy price of 19.75 pesos and a sell price of 20.88 pesos, while Banco Azteca maintained a buy price of 19.20 pesos and a sell price of 20.70 pesos. Banorte reported similar rates, with a buy price of 19.20 pesos and a sell price of 20.85 pesos. Banca Afirme quoted a buy price of 19.30 pesos and a sell price of 20.90 pesos. Scotiabank had a notable discrepancy, with a buy price of 18.00 pesos and a sell price of 22.90 pesos, reflecting unique market conditions.
In summary, the peso's performance on April 11, 2025, illustrates the dynamic nature of currency markets amid fluctuating economic indicators and geopolitical tensions. As traders and economists analyze these developments, the outlook for the peso and the dollar remains closely tied to ongoing trade negotiations and economic data releases.
