The Mexican peso is starting off on a positive note this Wednesday, July 16, with a slight but steady trend of appreciation against the US dollar. Early in the morning at 06:48, the peso is priced at 18.78 per dollar, representing a 0.14% gain compared to Tuesday’s close. Financial analysts attribute this performance to the previous strengthening of the dollar, influenced by inflation data in the United States.
Additionally, the exchange rate reported in the Official Federal Gazette indicates a value of 18.8397 pesos per dollar for today.
In the international currency landscape, the Mexican peso stands strong, ranking fifth among the currencies that have strengthened against the dollar. Leading the gains is the South African rand, which has appreciated by 0.43%, while the Taiwanese dollar experiences the most significant decline with a drop of 0.22%.
Exchange rates in major Mexican banks for today, July 16, 2025, are as follows:
– Banco Azteca: 19.49 (selling), 17.45 (buying)
– BBVA: 19.10 (selling), 17.96 (buying)
– Banorte: 19.00 (selling), 17.40 (buying)
– Banamex: 19.31 (selling), 18.27 (buying)
Banorte offers the best selling option for customers today.
It is essential to note that the dollar’s exchange rate fluctuates throughout the day, meaning the final buying and selling prices can change.
Overall, the appreciation of the peso against the dollar is a positive development that reflects a resilient economy navigating through international market conditions. This could instill confidence in both local and foreign investors and support overall economic stability.