Dollar Exchange Rate and Mexican Peso Dynamics on January 24, 2025
the dollar price on Friday, January 24, 2025, was listed at 20.39 pesos, according to the exchange rate published in the official Gazette of the Federation (DOF). This rate reflects the ongoing fluctuations in the Mexican peso amid global economic uncertainties and recent policy announcements from the United States.
Exchange Rate Today: How Much is the dollar Worth?
The Bank of Mexico (Banxico) reported that the exchange rate for the day was $20.3943 MN (twenty pesos and three thousand nine hundred and forty-three ten thousandths national currency) for one US dollar. This rate is persistent based on the monetary Law of the United Mexican States and other regulatory frameworks.
The equivalence of the Mexican peso with other foreign currencies is calculated using the prevailing rate against the US dollar in international markets. Interested parties can obtain these quotes from credit institutions in the country.
Peso Advances Amid Unclear Signs of Tariffs
Mexican markets experienced gains on Thursday following an erratic session. This recovery came after US President Donald Trump omitted details of his tariff plans during a speech at the Davos Economic Forum. Trump mentioned that he works “very well” with Mexico to establish agreements,despite earlier suggestions of imposing tariffs on Mexico and Canada.
the Mexican peso was trading at 20.3780 per dollar by the end of the business day,marking an appreciation of 0.53% compared to Wednesday’s price. However, during Trump’s message, the currency momentarily dipped into negative territory.
Since returning to power on Monday, Trump has proposed imposing tariffs of 25% on Mexico and Canada and 10% on China, effective February 1. He also promised to tax European imports. However, the lack of detailed plans has left markets speculating whether these tariffs are a negotiation tool for issues like irregular migration and drug trafficking.
foreign exchange specialists warn that the tariff issue will continue to cause uncertainty in Mexico’s financial markets, given the country’s strong economic ties with its northern neighbor.
Key Exchange Rate Data
| Date | exchange Rate (MXN/USD) | Change (%) |
|——————-|—————————–|—————-|
| January 24, 2025 | 20.39 | +0.53 |
| January 23, 2025 | 20.49 | -0.12 |
The Mexican peso remains sensitive to global economic developments, particularly those involving US trade policies. As the situation evolves, stakeholders are advised to stay informed through reliable sources like the Bank of Mexico and the Official Gazette of the Federation.
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