The Dollar Keeps Rising in Mexico, Colombia and the Dominican Republic — How High Could It Go?

The U.S. dollar exchange rate registered new movements on March 9 across several Latin American countries.

According to official data and foreign exchange markets, the U.S. currency rose again in Mexico and Colombia, while the Dominican Republic also recorded a slight increase.

Why it matters: fluctuations in the dollar directly affect the cost of imports, remittances, travel and prices of products tied to international trade.

When the exchange rate rises, it often reflects economic pressure or movements in global financial markets.

The dollar continues rising in Mexico — how far could it go?

In Mexico, the dollar continued its upward trend throughout the week.

According to Banco de México, the official exchange rate on March 9 stood at 17.7962 pesos per dollar.

Infographic: MundoNow created with ChatGPT – Source: Banxico – Dollar Exchange Rate in Latin America

In the foreign exchange market, the average rate shows a difference between buying and selling prices:

The dollar is purchased at 17.4057 pesos.

It is sold at 18.0388 pesos.

This means the U.S. currency continues gaining ground against the Mexican peso, consolidating several consecutive days of increases. The gap between buying and selling prices also reflects the margin applied by financial institutions and currency exchange houses.

For people making international transfers, buying products in dollars or planning travel abroad, these movements can directly influence the final cost of their transactions.

What happened to the dollar in Colombia this Monday?

In Colombia, the dollar also registered an increase according to the official rate published by the Banco de la República.

The official exchange rate reached 3,795.737 Colombian pesos per dollar.

In the foreign exchange market, the average trading values were:

Purchase price: 3,670 Colombian pesos.

Selling price: 3,790 Colombian pesos.

The increase reflects mild upward pressure during the trading session. For Colombians, the dollar price is a key economic indicator because it affects imported goods, fuel prices and purchases made in foreign currency.

Additionally, many Colombians who receive remittances or conduct international transactions closely monitor these fluctuations in the exchange rate.

How is the dollar performing today in the Dominican Republic?

In the Dominican Republic, the dollar also recorded a moderate increase during the March 9 trading session.

Dollar Exchange Rate in Latin America – PHOTO: Shutterstock

According to foreign exchange market averages:

The dollar is bought at 60.3088 Dominican pesos.

It is sold at 60.7541 Dominican pesos.

Although the increase was slight, the movement continues the gradual fluctuation trend typically seen in the country’s exchange rate.

The price of the dollar in the Dominican Republic is especially important for sectors such as tourism, remittances and international trade, industries that rely heavily on foreign currency flows.

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What do these dollar movements mean for the region?

Changes in the value of the dollar often reflect both domestic and global economic dynamics.

In countries such as Mexico, Colombia and the Dominican Republic, the U.S. currency serves as a key reference for many economic activities.

When the dollar rises, it can affect the price of imported goods, production costs and the value of remittances sent from abroad.

For this reason, governments, companies and consumers closely track the daily evolution of exchange rates.

What’s next: markets will continue monitoring the dollar’s movements throughout the week.

Daily fluctuations in exchange rates will remain an important indicator for measuring economic stability and financial trends across the region.