The exchange rate between the US dollar and Mexican peso (USD/MXN) is constantly fluctuating due to various factors such as economic conditions, interest rates, and political events. As of August 2023, the exchange rate was approximately 1 USD = 20.43 MXN, meaning that for every US dollar, you could get around 20.43 Mexican pesos.
Here's a timeline showcasing the historical exchange rates between USD/MXN over the past decade:
Year | Exchange Rate (USD/MXN) |
---|---|
2013 | 12.95 |
2014 | 13.24 |
2015 | 15.49 |
2016 | 18.61 |
2017 | 18.91 |
2018 | 19.44 |
2019 | 19.90 |
2020 | 22.24 |
2021 | 20.58 |
2022 | 20.42 |
Date | Exchange Rate (USD/MXN) |
---|---|
August 1, 2023 | 20.43 |
August 2, 2023 | 20.45 |
August 3, 2023 | 20.48 |
... | ... |
August 31, 2023 | 20.41 |
Date | Exchange Rate (USD/MXN) |
---|---|
June 1, 2023 | 20.62 |
June 30, 2023 | 20.49 |
July 31, 2023 | 20.43 |
Quarter | Exchange Rate (USD/MXN) |
---|---|
Q3 2023 | 20.50-20.70 |
Q4 2023 | 20.30-20.50 |
Q1 2024 | 20.10-20.30 |
Year | Exchange Rate (USD/MXN) |
---|---|
2023 | 20.40-20.60 |
2024 | 20.20-20.40 |
2025 | 20.00-20.20 |
The exchange rate between the US dollar and Mexican peso is a dynamic and constantly changing factor. By understanding the factors that affect the exchange rate and using the resources available to find the best rates, consumers can make informed decisions when exchanging currency.
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