Background on the Mexican Peso and its Recent Performance
The Mexican peso has shown a slight appreciation against the US dollar in the first official trading session of 2026. The exchange rate hovers around the levels below 18 units where it concluded in 2025, marking its best year since the onset of the free floating regime in 1994.
Current Exchange Rate and Performance
The spot exchange rate is currently at 17.9237 pesos per dollar, representing an improvement of 5.72 centavos or 0.32% compared to a reference of 17.9809 pesos from the London Stock Exchange (LSEG) on the previous day, excluding the official reference rate of the Banco de México for New Year’s Day.
The dollar’s price fluctuates within a range of 17.9892 pesos (maximum) to 17.9224 pesos (minimum). The Intercontinental Exchange’s Dollar Index (DXY), which compares the US currency to six other currencies, is up by 0.12% at 98.40 points.
Expert Analysis and Future Outlook
According to Felipe Mendoza, CEO of IMB Capital Quants, “This initial stability occurs amid low liquidity due to the New Year holiday but is laden with fundamentals suggesting a reconfiguration of risk premiums in the first quarter.”
No significant figures are anticipated during the day, so the price may continue to trade within a narrow range. The majority of the day, the dollar-peso cross is expected to operate within a range of 17.91 to 18.03 pesos per dollar, according to local financial institution Banco Base.
Key Questions and Answers
- Q: What is the current exchange rate of the Mexican peso to the US dollar? A: The spot exchange rate is currently at 17.9237 pesos per dollar.
- Q: How has the Mexican peso performed in 2025? A: The Mexican peso had its best year since the free floating regime began in 1994, ending 2025 at levels below 18 pesos per dollar.
- Q: What factors are influencing the stability of the Mexican peso? A: The initial stability is due to low liquidity caused by the New Year holiday, but fundamentals suggest a reconfiguration of risk premiums in the first quarter.
- Q: What is the expected trading range for the dollar-peso cross in the near future? A: According to Banco Base, the dollar-peso cross is expected to trade within a range of 17.91 to 18.03 pesos per dollar.
