He mexican peso opened the day of this Tuesday, November 4, 2025 with an advance against the US dollarin a session marked by expectation before the monetary policy decision of the Bank of Mexico (Banxico) which will be announced next Thursday.
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What is the price of the dollar today, Tuesday, November 4?
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He exchange rate began operations around the 18.64 units per dollarwhich represents a 0.31% appreciationdriven by a technical adjustment and less nervousness in international financial markets.
Investors’ attention is focused on the next move of the Banxicowhich could apply a new cut to the reference interest ratea factor that will directly influence the stability of the mexican economy during the close of the year.
Why is the Mexican peso showing strength at the beginning of the week?
Despite the general strengthening of the dollar in global markets, mexican peso managed to remain strong thanks to a more stable financial environment and decreased risk aversion.
According to a report from Monexthe local currency benefited from greater confidence among investors, who perceive lower commercial risk internationally.
He peso-dollar exchange rate remains within a controlled range, and analysts highlight that the performance of the national currency this week will depend on two factors: the perception of global risk and expectations about the Banxico decision.
“During the next few days, the market will be attentive to the central bank’s message. If Banxico confirms a moderate tone and a prudent cut in the interest rate, the mexican peso could maintain its positive trend,” Monex noted in its daily analysis.
What factors drive the Mexican peso against the dollar this Tuesday?
According to Base Bankthe appreciation of Mexican peso against the dollar It responds to a “correction of losses” after the falls recorded in October, when the currency accumulated a decline of 1.4%. However, the bank warned that the outlook remains uncertain, as the risk remains that the currency will depreciate again if economic indicators show signs of cooling.
The market also evaluates the international context. In the United States, the more restrictive tone of the Federal Reserve and recent statements by financial officials have generated volatility, although the mexican peso has resisted better than other emerging currencies.
At the local level, analysts highlight that recent political stability and lower inflationary pressure have given room for the Banxico consider a gradual adjustment in your interest rate. However, the entity must carefully balance its monetary policy to avoid an adverse effect on the exchange rate and in the flow of foreign investment.
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What is expected from the Banxico meeting this week?
On Thursday, November 6, the Banxico will announce its decision on the reference interest ratecurrently at 7.50%. According to a Reuters poll, most analysts anticipate a 25 basis point cutwhich would place the rate at 7.25%.
This measure would seek to stimulate credit and investment, in a context where the mexican economy shows limited growth. Private sector expectations point to an expansion of 0.5% GDP by 2025, while the inflation remains around the 3.78%within the central bank’s target range.
However, economists warn that an excessive cut could put pressure on the mexican peso.
“Banxico must act with caution. If the market interprets the decision as a sign of weakness, the peso-dollar exchange rate “It could rebound towards levels close to 18.70 units,” Banco Base warned in its morning report.
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Price of the dollar in Mexican banks today, Tuesday, November 4
He dollar price in different banks in Mexico for Tuesday, November 4, 2025, it was established as follows:
- Affirm: 17.70 pesos purchase | 19.10 pesos sale
- Banco Azteca: 16.85 pesos purchase | 19.04 pesos sale
- Banorte: 17.30 pesos purchase | 18.90 pesos sale
- BBVA: 17.52 pesos purchase | 19.06 pesos sale
- Banamex: 18.01 pesos purchase | 19.05 pesos sale
With information from Reuters.
