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Cambio Dólar Peso Mexicano: The Ultimate Guide to Currency Exchange

What is the Exchange Rate Between the US Dollar and Mexican Peso?

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.

Historical Exchange Rates: 10-Year Timeline

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

Factors Affecting the Exchange Rate

  • Economic Conditions: Strong economic conditions in the US typically lead to a stronger dollar, while weak economic conditions in Mexico can lead to a weaker peso.
  • Interest Rates: Higher interest rates in the US make the dollar more attractive to investors, leading to a stronger dollar.
  • Political Events: Political events such as elections or changes in government policies can impact the confidence in a country's currency, affecting its exchange rate.

How to Get the Best Exchange Rate

  • Shop Around: Compare exchange rates from different banks and currency exchange services to find the best deal.
  • Use Online Currency Converters: Platforms like Google Currency Converter provide real-time exchange rates and can help you stay informed.
  • Consider Using a Currency Broker: Currency brokers specialize in foreign exchange and can often offer more competitive rates than banks.

Table 1: 1-Month Historical Exchange Rates

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

Table 2: 3-Month Historical Exchange Rates

Date Exchange Rate (USD/MXN)
June 1, 2023 20.62
June 30, 2023 20.49
July 31, 2023 20.43

Table 3: Quarterly Exchange Rate Forecast

Quarter Exchange Rate (USD/MXN)
Q3 2023 20.50-20.70
Q4 2023 20.30-20.50
Q1 2024 20.10-20.30

Table 4: Yearly Exchange Rate Forecast

Year Exchange Rate (USD/MXN)
2023 20.40-20.60
2024 20.20-20.40
2025 20.00-20.20

Conclusion

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.

cambio dolar peso mexicano

Time:2024-12-21 08:17:57 UTC

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