On a time marked by the power the Mexican money has displayed over the past several weeks, the currency gained ground once more against the dollar on Wednesday.
The green word experienced a 0. 15 % decline in opening, according to Dow Jones information. On Wednesday, the U. S. money was quoted on average at$ 16. 94 Mexican peso. The phrase, which also refers to supplies sent to Mexico at a lower value in pesos, is once more in favor of those who receive money from the United States.
Since January 2025, the fat has grown by almost 20 %, while in August, it managed to stay within the previous low of 17 pesos per dollar, a previous low that appeared challenging to achieve.
For its part, the money has accumulated a decrease of about 8. 18 % against the Mexican currency over the past twelve months.
According to the typical bank transactions used to determine the exchange rate, the dollar was quoted at$ 16. 9445 pesos on Tuesday, according to the Bank of Mexico ( Banxico ). The economy's statement against the currency ended at around$ 16. 95 pesos per product because the exchange market operates throughout the day.
Additionally, Banxico set the FIX transfer rate for this Wednesday, August 26 at$ 16. 9460 pesos per dollar. This reference was chosen by the Mexican central bank and used in a variety of financial transactions and liabilities and is published in the Official Journal of the Federation ( DOF).
On the other hand, the U. S. dollar exchange rate for payments of bonds was$ 16. 9647 per natural currency. This guide is used to determine how many pesos may be delivered to Mexico to cover responsibilities agreed in U. S. money.
For this Wednesday, August 26th, the purchase and sale costs of the money are:
Among these estimates, BBVA Mexico offers the lowest selling price, making it more advantageous for those who need to purchase currency. Instead, Banco Azteca offers the highest purchase price, which is advantageous for those who want to exchange their money for pesos.
There are also major differences between cash exchange companies for Mexicans sending payments from the United States. The most well-known businesses of this week are listed below.
For those who plan to send money from the United States, buy dollars or convert into U.S. pesos, it is advisable to check the available quote just before making the transaction. The exchange rate can change several times during the day, and a difference of a few cents can represent more or less weights at the time of completing a transaction.
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