Banks expect the Mexican peso to weaken further by the end of 2026

• 

  Banorte and Banamex expect the Mexican peso to be weaker against the US dollar at the end of 2026 than they had previously forecast.

• 

  Banorte raised its year-end forecast from 17.30 to 18.10 pesos per dollar.

• 

  Banamex raised its forecast from 17.57 to 18.12 pesos per dollar.

• 

  The peso lost 1.4% over the week and closed Friday at 18.41 per dollar, its weakest close since November 24 of the previous year.

• 

  A private-sector survey put the consensus year-end forecast at 18 pesos per dollar.

Who

Banorte and Banamex raised their forecasts for the Mexican peso.

What

Both banks expect the peso to be weaker against the US dollar at the end of 2026.

When

The forecasts were reported on October 12, 2026. The peso’s reported Friday close was 18.41 per dollar.

Where

Mexico; the exchange rate is quoted in pesos per US dollar.

Why

Not stated

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