Financial
FIX Exchange Rate
Reference exchange rate published by Banxico, determined from institutional foreign exchange market quotes. Different from the customs exchange rate; used for UDI obligations and financial reporting.
Reference exchange rate published by Banxico, determined from institutional foreign exchange market quotes. Different from the customs exchange rate; used for UDI obligations and financial reporting.
Banxico calculates it daily by averaging bank quotes between 12:00 and 12:15. Published at 12:30. NOT the exchange rate used for customs duty calculation.
Customs Exchange Rate
The official exchange rate published by the Bank of Mexico to convert foreign-currency customs value to Mexican pesos. The rate effective on the pedimento payment date applies.
CustomsForeign Trade Duties and Taxes
Taxes, fees, and charges payable upon the import or export of goods, including import duty (IGI), customs processing fee (DTA), and import VAT.
TradeCustoms Value
The monetary amount on which import duties are calculated, determined according to the WTO Valuation Agreement with transaction value as the primary method.
ValuationImport VAT
Value Added Tax charged upon importing goods into Mexico, currently 16% on the taxable base that includes customs value plus all other import duties.