Dollar in Mexico › Types of dollar
In Mexico There is not a single price of the dollar. These are the ones we publish, what is each and when it should be looked at.
It's the reference exchange rate of the Mexican peso. Mexico (Banxico) it is determined each working day with the wholesale exchange market contributions.
The Bank of Mexico (Banxico).
This is the reference used by companies, means and contracts. The following working day is published in the Official Journal and becomes the exchange rate DOF.
Once a day, around noon (time of City of Mexico).
It is the price at which banks buy and sell dollars between them, with liquidation to the 48 hours. Banxico publishes the purchase and sale quotation at the opening of the market.
The Bank of Mexico (Banxico).
It is the price of the wholesale market: it serves to see where the day starts.
Every working day, at the opening.
It's the FIX that the Bank of Mexico in the Official Journal of the Federation (DOF) on the working day following its determination.
Banxico, through the Official Journal of the Federation.
It is the legal exchange rate to pay in pesos bonds in dollars within Mexico, and the one used before the SAT for taxes and vouchers in dollars.
It is published every working day. Weekends and holidays are worth the last published.
DOF exchange rate, with data Banxico.
There is no single price: each bank sets its own purchase and sale. On the bank page (window) we put together those that publish their quote on their website and we mark the one that pays the most if you sell dollars (best purchase) and the one that charges the least if you buy them (best sale). In the window the dollar is bought cheaper and sold more expensive than the FIX; at airports the difference is usually even greater.
Each bank, on its own website. The values come from the public page of each, never from other quotation sites.
When you're going to change real dollars, in cash or by transfer. It's worth comparing, because the difference between the best and the worst can be great.
The contributions move during the day. We consult them several times a day and we rule out those that have more than 48 hours not updated.
Another currency, like the real or the euro? Use the currency converter.
We publish 4: FIX dollar, Interbank 48 h, DOF exchange rate, banks (counter). The official reference is the FIX dollar; to actually buy or sell you have to check the bank's or exchange house's price.