Mexican peso strengthens: this is how the dollar appeared on August 11th

On Monday, August 11, 2025, the Mexican peso began the day with a slight appreciation against the US dollar, trading at 18.58 pesos per unit, according to data from the Bank of Mexico (Banxico). This represents a decrease of 0.02 cents compared to the close on Friday, August 8, when the currency stood at 18.60 pesos.

The Mexican currency has maintained a favorable performance thanks to the weakness of the dollar in international markets and the expectation that Banxico will moderate the pace of interest rate cuts.

If you plan to exchange currency, these are the prices reported by the country's major banks:

• Affirm: 17.80 (buy) – 19.30 (sell)
• Banco Azteca: 17.40 (buy) – 19.14 (sell)
• Banorte: 17.35 (buy) – 18.90 (sell)
• BBVA: 17.63 (buy) – 18.96 (sell)
• Citibanamex: 18.03 (buy) – 19.07 (sell)

These values may vary throughout the day depending on market volatility.

The Mexican currency's rally is linked to recent movements at the U.S. Federal Reserve (Fed). Last Thursday, President Donald Trump announced that he will nominate Stephen Miran, current head of the Council of Economic Advisers and close to his economic stance, as a temporary member of the Federal Open Market Committee (FOMC).

This news generated an increase in risk appetite in the markets, weakening the dollar. In fact, the dollar index—which compares the currency to a basket of six major currencies—fell 0.16% to 98.24.

Analysts predict that the Mexican peso could maintain its positive trend in the short term, provided the Fed maintains a moderate monetary policy and Banxico avoids aggressive rate cuts.

However, factors such as global volatility, oil prices, and trade tensions will continue to influence the exchange rate's behavior.