By The Opinion
The dollar in Mexico fell again this Thursday, May 7, 2026 and The Mexican peso recorded its second consecutive day with gains against the US currency. For thousands of countrymen in the United States who send money to their families or make payments in Mexico, following the exchange rate is important to take advantage of a better return on their dollars. And even though it seems like a good thing for the currency of their country of origin, it is not a good thing for the remittances they send.
Today, The price of the dollar is at an average of $17.22 pesos per unit. The fall occurs amid a calmer international environment, after expectations grew of a possible agreement between the United States and Iran.
During the day on Wednesday, The peso advanced 0.76% against the dollar in banking operations. The decrease in international tension reduced the demand for the dollar as a safe haven currency, which allowed a recovery of the Mexican currency.
The Bank of Mexico (Banxico) reported that The official closing of the dollar was $17.2406 pesos per unittaking into account the average number of bank transactions. However, due to the constant movement of the market during the day, The exchange rate closed practically around $17.26 pesos per dollar.
Besides, FIX exchange ratepublished in the Official Gazette of the Federation (DOF), It remained at $17.2530 pesos per dollar for this Thursday, May 7, 2026. Likewise, The exchange rate for the payment of obligations in US dollars remained at $17.3752 pesos per currency.
Dollar exchange rate in Mexican banks
The quotes change depending on each bank. These are the purchase and sale prices for this Thursday in Mexican institutions:
- Affirm: buy at $16.40 pesos and sell at $17.90 pesos.
- Banco Azteca: purchase at $16.00 pesos and sale at $17.89 pesos.
- BBVA: purchase at $16.40 pesos and sale at $17.fifty three pesos.
- Banorte: purchase at $16.00 pesos and sale at $17.60 pesos.
- Banamex: purchase at $16.70 pesos and sale at $17.72 pesos.
- Scotiabank: buy at $16.65 pesos and sell at $17.95 pesos.
In comparison, BBVA regains its position today as one of the options with the lowest sales price. For its part, Banamex remains the banking institution with the highest purchase price. It is recommended to check prices in banks before carrying out any operation, since values change constantly during the day.
For those sending money from the United States, Western Union quotes the dollar at $16.91 Mexican pesos this Thursday. Meanwhile, MoneyGram manages it around $17.85 pesos per unit.
The downward trend also continues on the northern border. In Tijuana, the dollar is bought for $16.39 pesos and sold for $17.fifty three pesos.
Projections of agreements in Iran influence the dollar
High expectations that a lasting agreement will emerge between the United States and Iran, allowing free transit of vessels through the Strait of Hormuz, have not only influenced the price of the dollar; They have also helped reduce oil prices. Brent crude oil is around $99 per barrel and West Texas Intermediate (WTI) is close to $93.
Specialists consider that, although the dollar remains strong due to investments in technology and intelligence manmade in the United States, A possible peace agreement with Iran could continue to favor the Mexican peso in the coming days.
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