He US dollars quoted at the end Average of 18.04 Mexican pesoswhich represented a change of 0.73% from the previous day’s 18.17 pesos, it said Dow Jones.
Last week the… US dollars marks a decline of 1.11% and still maintains a decline of over the last year 11.27%.
Compared to previous days, there were three consecutive periods of decline. Over the past seven days, volatility has been significantly lower than last year’s data (9.35%), suggesting that the price has seen less volatility than normal recently.
The peso-dollar ratio in 2024 was characterized by contrasts. The year began with an appreciation of the Mexican currency against the US currency. The greenback was selling for 16 pesos per unit, something that had not happened in almost a decade. The nickname “superweight” stuck more than ever.
However, the peso lost value as its value increased, mainly due to political decisions such as the controversial reform of the judiciary and the abolition of autonomous bodies.
The decline of the Aztec currency was exacerbated by the campaign of Donald Trumphis election victory as President of the United States and his threats to impose tariffs on all Mexican – and Canadian – products if Mexico does not improve border security.
The dollar thus returned to 20 pesos, well above the forecasts of the Bank of Mexico (Banxico).
Until 2025 Banxico The dollar is expected to trade on average between 20.24 pesos and 20.69 pesos, a conservative forecast given the impact that Trump’s statements and policies in the White House would have on the exchange rate.
According to the National Institute of Statistics and Geography (Inegi), inflation was relatively stable in 2024, at around 4%, with the exception of June when it reached almost 6%.
This year, Banxico forecasts inflation will be below four points at 3.8%.
Regarding gross domestic product (GDP) growth, the low forecasts remain. The central bank expects GDP growth of just 1.2%.
The Mexican peso is the legal tender of Mexico and the first currency in the world to use the dollar sign, which was later adopted by the United States for the dollar.
This currency is the fifteenth most traded currency in the world, as well as the most traded in Latin America and the third largest on the continent, behind only the US dollar and the Canadian dollar.
Currently the abbreviation MXN is used for the Mexican peso, but before 1993 the abbreviation MXP was used.
The coins commonly used in Mexico are semicircular in shape and feature the national coat of arms on the reverse. One Mexican peso is equal to 100 cents. There are coins of 1, 5, 10 and 20 pesos; while on bills there are 20, 50, 100, 200, 500 and 1,000 pesos.
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