Peso snaps eight-week losing streak against the dollar
Banxico set the FIX rate at 18.6297 pesos per dollar on Friday, below the 18.7962 of Oct. 30, ending a run of weekly gains for the dollar.
The dollar bought fewer pesos this Friday than a week earlier for the first time in nine weeks. The FIX rate published by Mexico's central bank, known as Banxico, was 18.6297 pesos per dollar, down from 18.7962 on Oct. 30.
The FIX is a reference rate that Banxico calculates from wholesale market quotes and publishes every business day. It is used to settle dollar-denominated obligations inside Mexico. It is not a closing price: it is set in the morning, and the rate when trading ends can differ. Figures are as of 2:40 p.m. Mexico City time.
The drop was about 17 centavos per dollar.
| Friday | FIX |
|---|---|
| Sept. 4 | 16.8748 |
| Sept. 11 | 16.9707 |
| Sept. 18 | 17.2450 |
| Sept. 25 | 17.7100 |
| Oct. 2 | 18.1903 |
| Oct. 9 | 18.4163 |
| Oct. 16 | 18.4930 |
| Oct. 23 | 18.6670 |
| Oct. 30 | 18.7962 |
| Nov. 6 | 18.6297 |
The dollar had gained almost two pesos since Sept. 4, when the FIX touched its lowest level of the period. It climbed about half a peso a week between Sept. 18 and Oct. 2. The peak came on Thursday, Oct. 29, at 18.8148.
The week itself was no straight line: the FIX was 18.7592 on Tuesday, 18.6285 on Wednesday, 18.7147 on Thursday and 18.6297 on Friday.
See the data
| Day | pesos per dollar |
|---|---|
| Sep 4, 2026 | 16.87 |
| Sep 7, 2026 | 16.92 |
| Sep 8, 2026 | 16.92 |
| Sep 9, 2026 | 16.89 |
| Sep 10, 2026 | 16.97 |
| Sep 11, 2026 | 16.97 |
| Sep 14, 2026 | 17.13 |
| Sep 15, 2026 | 17.15 |
| Sep 17, 2026 | 17.19 |
| Sep 18, 2026 | 17.25 |
| Sep 21, 2026 | 17.22 |
| Sep 22, 2026 | 17.30 |
| Sep 23, 2026 | 17.50 |
| Sep 24, 2026 | 17.64 |
| Sep 25, 2026 | 17.71 |
| Sep 28, 2026 | 17.84 |
| Sep 29, 2026 | 18.07 |
| Sep 30, 2026 | 18.07 |
| Oct 1, 2026 | 18.37 |
| Oct 2, 2026 | 18.19 |
| Oct 5, 2026 | 18.13 |
| Oct 6, 2026 | 17.97 |
| Oct 7, 2026 | 17.98 |
| Oct 8, 2026 | 18.11 |
| Oct 9, 2026 | 18.42 |
| Oct 12, 2026 | 18.25 |
| Oct 13, 2026 | 18.35 |
| Oct 14, 2026 | 18.49 |
| Oct 15, 2026 | 18.43 |
| Oct 16, 2026 | 18.49 |
| Oct 19, 2026 | 18.43 |
| Oct 20, 2026 | 18.42 |
| Oct 21, 2026 | 18.64 |
| Oct 22, 2026 | 18.70 |
| Oct 23, 2026 | 18.67 |
| Oct 26, 2026 | 18.58 |
| Oct 27, 2026 | 18.65 |
| Oct 28, 2026 | 18.67 |
| Oct 29, 2026 | 18.81 |
| Oct 30, 2026 | 18.80 |
| Nov 3, 2026 | 18.76 |
| Nov 4, 2026 | 18.63 |
| Nov 5, 2026 | 18.71 |
| Nov 6, 2026 | 18.63 |
Source: Banco de México
Data as of November 6, 2026
A pricier dollar raises the cost of imports, travel and dollar-denominated debt; a dip like this week's eases those costs only slightly. Prices in stores and services are slow to reflect such swings.
One week of decline is not enough to call a change in trend.
