By The Opinion
The US dollar remained practically stable against the Mexican peso this Friday, May 8, 2026. The day takes place in an atmosphere of calm, after the Bank of Mexico (Banxico) reduced the reference rategenerating less pressure on the US currency. We explain this whole situation to you, especially if the price of the dollar in Mexico interests you if you send remittances.
On average, The dollar is quoted at $17.26 pesos per unitbarely unchanged compared to the closing of Thursday, May 7. On that day, Banxico reported that the official closing was $17.2693 pesos per dollarwhile the practical closing of the market was located at $17.29 pesos, reflecting the variations during the day.
The FIX exchange ratepublished in the Official Gazette of the Federation (DOF), was established at $17.2400 pesos per dollar for this Fridaywhile The exchange rate for the payment of obligations in dollars remained at $17.2530 pesos per unit.
Exchange rate in Mexican banks today
Over-the-counter quotes vary slightly between financial institutions. For this Friday, The purchase and sale prices in banks in Mexico are as follows:
- Affirm: buy at $16.40 pesos and sell at $17.90 pesos.
- Banco Azteca: buy at $16.00 pesos and sell at $17.9 and 9 pesos.
- BBVA: purchase at $16.40 pesos and sale at $17.Fifty three pesos.
- Banorte: buy at $16.10 pesos and sell at $17.65 pesos.
- Banamex: purchase at $16.73 pesos and sale at $17.70 pesos.
- Scotiabank: buy at $16.65 pesos and sell at $17.85 pesos.
In the comparison, Today BBVA is positioned as the option with the lowest sales pricewhich makes it attractive for those who want to buy dollars. For its part, Banamex remains the banking institution with the highest purchase price.
In international transfer companies, The dollar is quoted at $16.83 pesos in Western Union and $17.74 pesos in MoneyGramdepending on the type of operation.
In the border areaspecifically in Tijuana, The dollar is bought for $16.65 pesos and sold for $16.95 pesosshowing a lower exit cost than the national average.
Middle East, oil and interest rates in Mexico
The decline in the dollar is explained by the decrease in tension in the Middle East, which has reduced pressure on the energy markets of Europe and Asia.
Meanwhile, Brent oil fell to $101.26 dollars per barrel, while West Texas Intermediate (WTI) stood at $94.3 dollarsfavoring the slight depreciation of the US currency.
Besides, The Banxico Governing Board decided to reduce the reference rate to 6.50%, the lowest since March 2022. This adjustment is part of the cuts cycle that began in 2024 and has generated a bearish bias in the USD/MXN exchange rate. Annual inflation in April was 4.45% in Mexicobelow the expectation of 4.50%, contributing to a more stable market.
In weekly terms, the dollar registers a decrease of -1.13%while its interannual variation shows a fall of -9.65%, confirming the strength of the peso. The current volatility of the exchange rate remains at 6.04%, below the 8.22% reference, indicating greater stability.
Other international indicators also influence: the DXY index, which measures the strength of the dollar against other currencies, marked an intraday minimum of 97.81 points, while the US Treasury yield curve shows lower expectations of inflationary pressures.
With the strong Mexican peso, remittances and those who collect in dollars in Mexico lose purchasing power.
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