Mexico · Story · Markets
Mexican Peso depreciation and monetary policy changes
The Mexican peso has depreciated significantly against the US dollar due to interest rate decisions and market volatility.
Running story — the local press covered it again on 6 November 2026.
The story so far as of 6 November 2026
On September 23, 2026, the Mexican peso depreciated over 1% against the US dollar, surpassing 17.5, due to a strengthening US dollar and Banxico's interest rate decisions. By October 22, the peso had fallen nearly 10% since early September, reaching a one-year low as the interest rate gap between the Federal Reserve and Banco de México narrowed. On November 6, after Banxico cut interest rates to 6.25%, the peso experienced volatility, dropping to a 15-month low of 18.97 before recovering to close at 18.7499 per dollar.
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Coverage, day by day
- Markets
Mexican peso weakens to $18.7499 per dollar
Impact Importers and exporters in Mexico face currency volatility, affecting pricing and contract negotiations.
Sources: La Jornada ↗
- Markets
Peso hits one-year low as Fed-Banxico rate gap narrows
Impact Importers and companies with dollar-denominated debts face increased costs due to the peso's depreciation.
Sources: MexicoNewsDaily ↗
- Markets
Mexican Peso Depreciates Over 1%, Hits 17.5 to USD
Impact Importers and financial planners face increased costs and currency risk as the peso weakens.
Sources: MexicoNewsDaily ↗
Sources in this story
Sources: each headline links to the original article on the publisher's site.