Business · Markets · 5 hrs ago
Mexican peso gains against dollar but loses ground over the week
Mexico’s peso rose slightly against the US dollar on Oct.
30, closing at 18.8037 pesos per dollar.
The gain was 0.18% from its previous official close, but the peso fell 0.77% over the week.
At bank counters, Banamex listed the dollar for sale at 19.29 pesos.
The peso faces pressure as investors unwind carry trades, which involve borrowing in one currency to invest in another.
Markets expect the US Federal Reserve to raise interest rates again this year, and other central banks may also take a tighter approach.
Higher US rates can affect demand for currencies such as the peso, so pressure on the exchange rate may continue.
The Mexican peso gained 0.18% against the dollar on October 30, closing at 18.8037 pesos per dollar, according to the Bank of Mexico.
Despite the daily gain, the peso lost 0.77% over the week.
Gabriela Siller of Banco Base said pressure on the exchange rate reflected the unwinding of carry trades amid expectations of further US interest-rate increases.
The dollar was selling for 19.29 pesos at Banamex bank counters.
- Who
- The Mexican peso and the US dollar.
- What
- The peso rose 0.18% against the dollar on the day but fell 0.77% over the week.
- When
- October 30, 2026; the weekly decline was reported for the week ending that day.
- Where
- Mexico’s foreign-exchange market.
- Why
- The article cited pressure from the unwinding of carry trades amid expectations of further US interest-rate increases and possible monetary tightening by other central banks.
This story does not have two clearly opposing sides.
The peso depreciated 0.77% against the dollar.
The peso appreciated 0.18% against the dollar, closing at 18.8037 pesos per dollar.
- Official closing exchange rate
- 18.8037 pesos per dollar
- Daily change
- Peso appreciated 0.18%, or 3.43 centavos
- Weekly change
- Peso depreciated 0.77%, or 14.36 centavos
- Banamex counter price
- 19.29 pesos per dollar
- US 10-year bond yield
- 4.94%