Peso Slips as Dollar Gains Strength in November

The Mexican peso started the month of November on the wrong foot against the US dollar. After closing October with an accumulated depreciation of 1.45 percent, the national currency was affected by a global landscape of a strengthening greenback, driven by new trade agreements between the United States and China to reduce tariffs imposed during the era of Donald Trump.

This Saturday, November 1, 2025, the exchange rate was set at 18.5707 pesos per dollar, according to data from the interbank market. Although the peso showed weakness in recent sessions, specialists point out that it could still recover ground in November, with the aim of closing the year with greater stability.

US Dollar Price at Major Mexican Banks

Below is how the US dollar exchange rate is found at different banks in the country this Saturday, November 1:

• Banco Afirme: buy $17.70 | sell $19.10
• Banco Azteca: buy $16.95 | sell $19.04
• Banorte: buy $17.30 | sell $18.90
• BBVA Bancomer: buy $17.52 | sell $19.06

Although the dollar maintains a strong position, analysts consider that the Mexican economy could benefit if international markets stabilize in the coming weeks. For now, the recommendation is to compare prices before making currency exchanges, as the differences between banks can represent an advantage for the consumer's pocket.