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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
51,036,315.63 MXN
Exchange Rate
as of May 20, 2025 at 6:40 PM
1 BTC =
2,041,452.63 MXN
Market analysis of BTC to MXN currency exchange rates
Analysis as of April 2025
The exchange rate between Bitcoin (BTC) and the Mexican Peso (MXN) has experienced notable fluctuations over the past few months, reflecting the inherent volatility of the cryptocurrency market. As of May 3, 2025, 1 BTC is valued at approximately MX$1,744,242.
Recent Performance
In the last 24 hours, Bitcoin's value in MXN has decreased by 1.8%, and over the past week, it has seen a modest increase of 0.6%. This short-term volatility is characteristic of Bitcoin's performance, influenced by various factors including market sentiment, global economic indicators, and regulatory developments.
Monthly Trends
Over the past month, Bitcoin's value against the Mexican Peso has declined by approximately 12.8%. This downward trend aligns with broader market movements, where Bitcoin has underperformed compared to the overall cryptocurrency market, which experienced a decline of about 10.4% during the same period.
Historical Context
Looking back over the past year, Bitcoin has demonstrated significant growth. For instance, in October 2023, 1 BTC was valued at approximately MX$620,504.20. This substantial increase underscores Bitcoin's long-term appreciation despite short-term volatility.
Market Capitalization and Supply
As of the latest data, Bitcoin's market capitalization stands at approximately MX$34.55 trillion, with a circulating supply of 19,833,746 BTC out of a maximum supply of 21 million BTC. This limited supply contributes to Bitcoin's scarcity and, consequently, its value proposition as a digital asset.
Factors Influencing BTC/MXN Exchange Rate
Several factors influence the BTC/MXN exchange rate:
Global Cryptocurrency Market Trends: Bitcoin's value is closely tied to the overall performance of the cryptocurrency market.
Regulatory Developments: Changes in cryptocurrency regulations, both globally and within Mexico, can impact investor sentiment and Bitcoin's value.
Economic Indicators: Inflation rates, interest rates, and economic growth in Mexico and globally can affect the exchange rate.
Market Sentiment: News events, technological advancements, and macroeconomic factors can influence investor behavior and Bitcoin's price.
Conclusion
The BTC/MXN exchange rate has exhibited significant volatility over the past few months, with short-term declines offset by long-term gains. Investors should remain aware of the various factors influencing this exchange rate and consider their risk tolerance when engaging in cryptocurrency investments.