Mexican peso reaches 17.13 per dollar, its best level since February

WHAT HAPPENED

The peso closed at 17.13 per dollar, its best level since February. It gained 1.20% in five days and has accumulated a rise of 4.83% in 2026, driven by weak employment data in the U.S. and lower inflation in Mexico.

WHY IT MATTERS

In the U.S., 23,000 jobs were lost in July, compared to the 80,000 new jobs expected: this reduces the pressure to raise rates and weakens the dollar. In Mexico, inflation fell to 3.12% and Banxico's rate remains at 6.50%, attracting money towards the peso. The effects are felt first in consumption, imports, remittances, and exporters.

AND FOR YOUR PORTFOLIO

For consumers, traveling to the U.S., buying in dollars, or paying for foreign services requires fewer pesos. Imported inputs may also become cheaper. Conversely, each dollar of remittances converts to fewer pesos, and exporters — such as auto parts and agriculture — receive less when converting their earnings.