Mexican peso slips to around 17.5 per dollar as Banxico keeps rates steady

The Mexican peso marginally weakened at the end of June 2026, trading at an average of 17.45 pesos per U.S. dollar on June 26 and reaching about 17.50 pesos on June 27. The move followed Banco de México’s (Banxico) decision to maintain its reference interest rate at 6.5%, a policy the central bank said remains suitable for containing inflation and supporting economic stability.

Banxico noted that current market conditions, the exchange‑rate trajectory and a moderation in inflation pressures allow it to keep a restrictive monetary stance for the coming months. Analysts pointed to the United States’ solid economic performance – 2.6% GDP growth in the first quarter of 2026, a 4.3% unemployment rate and inflation near 4.2% – as a factor sustaining a strong dollar.

Bank-specific rates varied, with the dollar’s sell price ranging from 16.00 pesos at Banco Azteca to 18.20 pesos at Scotiabank, while purchase prices spanned 16.00 to 17.00 pesos across major institutions.