Dollar Rate in Mexico: May 14, 2025
- MEXICO CITY (AP) — The Mexican peso strengthened substantially on Wednesday, reaching levels not seen in seven months.
- The peso gained 0.38% against the dollar compared to Tuesday's reference price.
- The dollar's retreat followed its steepest decline in over three weeks, triggered by U.S.
Mexican peso Climbs to seven-Month High Against Dollar
Table of Contents
- Mexican peso Climbs to seven-Month High Against Dollar
- Mexican Peso Climbing: Your Questions Answered
- What’s Happening with the Mexican Peso?
- How Much Did the Peso Increase?
- What’s Driving the Peso’s Strength?
- What’s the Impact of U.S. Inflation Data?
- What is the bank of Mexico (Banxico) Doing?
- What Exchange Rates are Major Banks Offering?
- what Does “Buy” adn “Sell” Mean in Exchange Rates?
- Why is the Peso Reaching a Seven-Month High Significant?
MEXICO CITY (AP) — The Mexican peso strengthened substantially on Wednesday, reaching levels not seen in seven months. The dollar traded at 19.33 pesos, according to market data.
The peso gained 0.38% against the dollar compared to Tuesday’s reference price. Earlier in the day, it had surged to 19.30, a peak last observed in mid-October of the previous year.
The dollar’s retreat followed its steepest decline in over three weeks, triggered by U.S. inflation data that bolstered arguments for a more relaxed monetary policy by the Federal Reserve.
domestically, investors are closely watching the Bank of Mexico’s (Banxico) upcoming interest rate decision. A half-percentage point reduction in borrowing costs is widely anticipated, marking what would be its third consecutive cut of that magnitude.
dollar to peso Exchange Rates at major Mexican Banks (May 14, 2025)
Here are the dollar to Mexican peso exchange rates reported by several major banks in Mexico as of Wednesday morning:
- BBVA Mexico: 18.47 pesos (buy) / 19.60 pesos (sell)
- citibanamex: 18.78 pesos (buy) / 19.82 pesos (sell)
- Banco Azteca: 17.60 pesos (buy) / 20.14 pesos (sell)
- Banorte: 18.20 pesos (buy) / 19.80 pesos (sell)
- Banco Estado: 18.50 pesos (buy) / 20.00 pesos (sell)
- Scotiabank: 17.00 pesos (buy) / 22.00 pesos (sell)
- Inbursa: 19.10 pesos (buy) / 20.10 pesos (sell)
Exchange rates as of 8:23 AM Mexico City time.
Source: Reuters
Mexican Peso Climbing: Your Questions Answered
What’s Happening with the Mexican Peso?
The Mexican peso strengthened significantly on Wednesday,reaching a seven-month high against the U.S. dollar. According to market data, the dollar was trading at 19.33 pesos.
How Much Did the Peso Increase?
The peso gained 0.38% against the dollar compared to the previous day’s reference price. Earlier in the trading day, the peso had reached 19.30, a level last seen in mid-October of the previous year.
What’s Driving the Peso’s Strength?
The dollar’s retreat followed its steepest decline in over three weeks. This was primarily triggered by U.S. inflation data, which fueled expectations for a more relaxed monetary policy by the Federal Reserve.
What’s the Impact of U.S. Inflation Data?
U.S. inflation data plays a significant role in currency markets. When inflation data supports a more relaxed monetary policy (like a potential interest rate cut), the dollar can weaken, which can, in turn, strengthen currencies like the Mexican peso.
What is the bank of Mexico (Banxico) Doing?
Domestically, investors are closely monitoring the Bank of Mexico’s (Banxico) upcoming interest rate decision. A half-percentage point reduction in borrowing costs is widely anticipated. This would be the third consecutive cut of that magnitude.
What Exchange Rates are Major Banks Offering?
Here are the dollar to Mexican peso exchange rates reported by several major banks in Mexico as of Wednesday morning:
| Bank | Buy (Pesos per Dollar) | Sell (Pesos per Dollar) |
|—————-|————————|————————-|
| BBVA Mexico | 18.47 | 19.60 |
| citibanamex | 18.78 | 19.82 |
| Banco Azteca | 17.60 | 20.14 |
| Banorte | 18.20 | 19.80 |
| Banco Estado | 18.50 | 20.00 |
| scotiabank | 17.00 | 22.00 |
| Inbursa | 19.10 | 20.10 |
exchange rates as of 8:23 AM Mexico City time.
Source: Reuters
what Does “Buy” adn “Sell” Mean in Exchange Rates?
When a bank lists “buy” and “sell” rates, it refers to the bank’s perspective. The “buy” rate is the price the bank is willing to pay for your dollars (if you’re selling them). The “sell” rate is the price the bank is charging for you to buy dollars. The difference between the buy and sell rates is how banks make a profit on currency exchange.
Why is the Peso Reaching a Seven-Month High Significant?
A seven-month high indicates that the peso has strengthened against the dollar compared to the recent past. This can be seen as a positive sign for the Mexican economy,potentially making imports cheaper and benefiting Mexican businesses and consumers. However, it is essential to remember that currency values fluctuate constantly, and highs can be temporary.