The Mexican peso weakened on Wednesday, March 26, 2026, as the stock market recovered from its year-to-date lows following news suggesting a potential de-escalation of the conflict in the Middle East. The peso’s movement comes ahead of a key policy decision from the Bank of Mexico.
Investors are now focused on the Banco de México’s (Banxico) monetary policy decision expected Thursday, March 27, 2026. Market consensus anticipates the central bank will hold its benchmark interest rate steady, particularly after inflation surged to levels not seen since late 2024. This decision highlights the delicate balance Banxico faces between controlling inflation and supporting economic growth.
What is the price of the dollar today, March 26, 2026?
On Thursday, March 26, 2026, the price of the dollar remains relatively stable, showing minimal change with a rate of 17.81 pesos, representing a depreciation of 0.32%.
“Over the next few days, I expect the Mexican peso to trade in a range between 17.65 and 17.85,”
said Felipe Mendoza, markets analyst at EBC Financial Group, in a research note. The peso’s performance is closely tied to global geopolitical developments and domestic economic indicators.
“If Trump’s diplomacy achieves a genuine de-escalation, the peso could seek levels of 17.55. However, the risk bias remains towards depreciation if inflation data continues to rise and the economic slowdown deepens, which would force investors to reassess the country risk premium against a Fed that could maintain high rates for longer,”
Mendoza added.
What is the price of the dollar in Mexican banks?
To find out the price of the dollar in Mexican banks today, Thursday, March 26, 2026, here are the exchange rates: the dollar is bought at 17.80 pesos and sold for up to 17.82 pesos.
Below is the price of the dollar at some Mexican banks:
- Afirme: 16.90 pesos purchase | 18.50 pesos sale
- Banco Azteca: 16.60 pesos purchase | 18.44 pesos sale
- Banorte: 16.88 pesos purchase | 18.42 pesos sale
- BBVA: 16.95 pesos purchase | 18.08 pesos sale
- Banamex: 17.22 pesos purchase | 18.20 pesos sale
What does the price of the dollar in Mexico depend on?
The price of the dollar in Mexico is influenced by a variety of economic, financial, and political factors, both domestically and internationally, including:
- Interest rates: Interest rates significantly impact the price of the dollar. When the U.S. Federal Reserve (Fed) raises its rates, the dollar becomes more attractive to investors and its value increases. Conversely, if the Bank of Mexico (Banxico) raises its rates, the peso may strengthen against the dollar.
- Inflation: Inflation likewise affects the exchange rate. If prices in Mexico rise sharply, the peso loses value and the dollar becomes more expensive. Conversely, when inflation in the United States is low, the dollar tends to strengthen against the peso.
- Economic growth: The country’s economy directly influences the price of the dollar. If Mexico performs well economically and more investment arrives, the peso strengthens and the dollar may fall. But if the economy weakens, the peso loses value and the dollar rises.
- Political situation: Political stability is important for the exchange rate. When We find problems or political uncertainty in Mexico, many investors prefer to protect their money by buying dollars, which increases its price. In a stable political environment, the peso usually gains strength.
- Remittances: Remittances also influence the price of the dollar. When more remittances arrive in the country, more dollars enter, which helps to retain the exchange rate stable or even fall.
Jbf
