After Donald Trump officially assumed the presidency of the United States, currencies experienced significant changes, affecting the Mexican peso. On the last day, The US dollar closed at 20.63 pesos, which represented an increase of 0.65% compared to the value of 20.50 pesos recorded the previous day.
Looking at data from the previous week, when Joe Biden was still president, the dollar showed an increase of 0.85%.
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Since his first day in office, Trump announced that he would impose 25% tariffs on Mexican exports and that he would take a firm stance on immigration and drug trafficking issues, especially regarding fentanyl.
According to Ramón de la Rosa, economic analyst at Actinver cited by Bloomberg, the current scenario suggests that the exchange rate in Mexico would remain around 20.90 pesos per dollar. However, he warned that there is the possibility of a negative scenario in which the US currency could exceed 21 pesos.
Where to buy or sell the dollar?
It is recommended to attend places that are regulated by the authorities to avoid fraud. Additionally, you should take into account that the exchange rate varies according to each bank or exchange house, as well as see the commission they charge.
- Banks: If you are a customer you can buy up to four thousand dollars.
- Exchange houses: The purchase limit is 1,500 dollars.
- Online platforms.
- ETFs (Exchange-Traded Funds or Exchange-Traded Funds).
Price of the dollar in Mexican banks today, January 21, 2025
The price of the dollar today, January 21, 2025 in Mexican banks* closes at:
- Affirm: 19.60 buy and 21.30 sell.
- Banco Azteca: 19.65 buy and 20.64 sell.
- BBVA Bancomer: 19.63 buy and 20.82 sell.
- Banorte: 19.20 buy and 20.80 sell.
- Citibanamex: 19.90 buy and 20.98 sell.
- Scotiabank: 18.00 buy and 21.50 sell.
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