This Thursday, February 6, 2025, the price of the dollar has reached $20.63 pesos per unit, marking an upward trend according to the official exchange rate. The Mexican peso has experienced its third consecutive day of depreciation due to the global strengthening of the dollar and a series of liquidations in international markets, amid expectations for a significant announcement from the Bank of Mexico (Banxico).
It is expected that Banxico will increase the magnitude of the recent cuts to the funding rate, with a projected reduction of 50 basis points, bringing it down to 9.5%, its lowest level since September 2022.
Regarding the exchange rate at different banks, the following figures have been reported: - Buying: - Afirme: $19.60 - Banco Azteca: $19.55 - BBVA: $19.71 - CIBanco: $20.76 - Citibanamex: $19.91 - Monex: $19.59
- Selling: - Afirme: $21.20 - Banco Azteca: $20.79 - BBVA: $20.85 - CIBanco: $20.76 - Citibanamex: $21.07 - Monex: $21.61
In the words of market specialists, the importance of staying alert to the decisions made by Banxico is highlighted, as they could have a significant impact on the Mexican economy and the future behavior of the exchange rate.
