Economy Country January 23, 2025

Mexican Peso Gains Against Dollar Amid Global Decline

On January 22, the Mexican peso advances to 20.45 per dollar, driven by a global drop in dollar value, amidst uncertainty over potential tariffs from President Trump.


Mexican Peso Gains Against Dollar Amid Global Decline

The price of the US dollar shows variations in several Mexican banks on January 22. Citibanamex quotes it at $19.68, Banco Azteca at $19.87, Banorte at $19.35, Banca Afirme at $19.70, Scotiabank at $18.00, and Inbursa at $20.25. For sale, BBVA offers it at $20.81, Citibanamex at $21.09, Banco Azteca at $20.79, Banorte at $20.95, Banca Afirme at $21.30, Scotiabank at $21.50, and Inbursa at $21.25. These figures are subject to change based on market conditions and the branch.

The Mexican peso has experienced a 0.3% gain, placing the value of the dollar at $20.45. However, financial experts and analysts warn that this trend could be temporary due to global financial volatility. The recovery of the Mexican currency coincides with a decrease in the value of the dollar worldwide, as investors assess the tariff threats made by the President of the United States, Donald Trump.

Although the statements about potential tariffs have not been detailed, the lack of specific information has allowed the Mexican peso to regain some ground against the dollar. This scenario unfolds in an international context of uncertainty and fluctuations that directly affect the value of foreign currencies.