The Mexican peso gained 0.35% against the US dollar, which fell to 19.51 pesos in interbank and international trading on Wednesday, May 8, 2025. This variation occurred in a context of decreasing global trade tensions, partly due to US trade policies. The exchange rate reached a maximum quote of 19.62 pesos and a minimum level of 19.50 pesos per dollar.
In banks and currency exchange houses in Mexico, the free dollar, available to the general public, had a maximum value of 20.74 pesos and a minimum of 19.66 pesos. Some financial entities sell the dollar at slightly different prices: Bank of America at 20.74 pesos, Monex at 20.55 pesos, Afirme at 20.20 pesos, and Bx+ at 20.17 pesos. On the other hand, Grupo Financiero Multiva offers the cheapest dollar at 19.66 pesos, followed by BBVA at 19.84 pesos, Banorte at 19.85 pesos, and Banco Azteca at 20.00 pesos.
Gabriela Siller Pagaza, director of Economic Analysis at Grupo Financiero BASE, pointed out that the drop in the dollar price is due to a reduction in global trade tensions caused by the global tariff war led by the United States. This has generated less global risk aversion in the foreign exchange market, with the expectation of a decrease in trade tensions in the future.
