Dollar exchange rate at its lowest in the last four months

The exchange rate stood at 17.20 pesos per dollar at the start of the week’s final trading session, representing a 0.23% appreciation from the previous close.

“The peso is benefiting from increased risk appetite among investors, driven by progress in the Middle East negotiations,” noted analysts at Grupo Monex.

In overnight trading, the peso saw a downward trend as the United States and Iran appeared to be close to reaching an agreement to end the conflict.

This also means the reopening of the Strait of Hormuz, one of the world’s most important energy routes. As a result, the price of Brent crude oil stood at US$88 per barrel, one of the lowest levels since the conflict escalated last February.

Asian stock markets closed higher, with the Nikkei’s 2.81% gain standing out, while European markets showed positive movements. The Euro Stoxx index rose 1.73%.

With an exchange rate of 17.20 pesos per dollar, the Mexican peso is set to post a weekly appreciation of 1.54%. Compared to the close of 2025, when it stood at 18.00 pesos per dollar, the cumulative appreciation would be 4.44%. This level would be the lowest since February, when the exchange rate stood at 17.13 pesos per dollar.