According to the Economic Package 2025 presented by the Ministry of Finance, it is expected that the exchange rate will close around 20 units in both 2024 and 2025. The national currency is expected to end the year 2024 at 19.7 pesos per dollar, representing an increase compared to previous estimates by the SHCP. Initially forecasted at 17.6 units, the exchange rate is now expected to finish at 18.5 units in 2025, contrasting with the previously estimated 18 pesos.
On Friday, November 15, the Mexican peso was trading at 20.36 units, which meant a decrease of 6 cents compared to the previous day's close. According to Bloomberg, there was a reported appreciation of the Mexican peso of 0.20% against the dollar.
Regarding economic growth, the Secretary of Finance, Rogelio Ramírez de la O, projects that for 2025 it will be between 2 and 3 percent, driven by the strength of employment and the dynamism of the domestic market, with consumption and investment as key factors. It is estimated that revenues will reach 8 million pesos, while the fiscal deficit for 2025 is projected at 3.9% of Gross Domestic Product and the budget deficit controlled by the central authority at 3.2%.
According to the General Criteria for Economic Policy for 2025, it is estimated that inflation will close at 3.5% next year and that the interest rate will be 8%. Additionally, an average oil price of 57.8 dollars per barrel is projected. The Secretary of Finance mentioned that growth this year will exceed current expectations, thereby laying a solid foundation for growth in 2025.
