Mexican Peso Strengthens Against US Dollar in July 2026
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Insights by Echo AI
The Mexican peso appreciated by 0.98% in July 2026, reaching an average of 17.32 pesos per US dollar, according to data from the Bank of Mexico. This marks an accumulated advance of 3.84% for the year. The appreciation was driven by factors such as the Federal Reserve's decision to keep interest rates unchanged, new US tariffs not affecting Mexico's position, and weakness in the Japanese yen. The peso traded laterally most of the month, with volatility at its lowest level since October 2025.
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