Puerto Vallarta, Jalisco, August 25, 2026 – The Mexican peso traded at 16.9455 per U.S. dollar at 6:11 a.m. Mexico City time Tuesday, according to early wholesale market data. USD/MXN was down 0.0050 peso, or 0.03%, from Monday’s close of 16.9505. A lower USD/MXN figure means a stronger peso.
Trading had remained between 16.9339 and 16.9715 during the early session. The pair opened at 16.9500, leaving the peso nearly unchanged before the main U.S. trading day.
The quote is a wholesale market reference, not the rate available at a Puerto Vallarta bank, ATM or exchange house. Banco de México’s August 24 FIX rate was 16.9647. The central bank had not published its August 25 FIX at the article’s timestamp; that figure is released after noon on banking days.
Mexico’s inflation and rebound keep Banxico in focus
Mexico’s latest inflation and economic growth reports provided the main domestic background for Tuesday’s session.
INEGI reported that annual inflation reached 3.26% during the first half of August, up from 3.10% a month earlier but still within Banco de México’s target range of 3%, plus or minus one percentage point.
Core inflation, which excludes some volatile prices, stood at 3.93%. Consumer prices increased 0.10% from the previous half-month.
A separate GDP report showed Mexico’s economy expanded 1.4% during the second quarter, reversing a contraction at the start of the year. The growth figure was slightly below the preliminary estimate of 1.5% but confirmed a strong quarterly rebound.
Those readings are consistent with Banco de México’s cautious approach to interest rates. The bank’s governing board held its benchmark rate at 6.50% on August 6 and said maintaining that level would be appropriate for now.
The releases did not produce a large overnight currency move. Tuesday’s narrow range offered no evidence that one Mexican indicator was controlling the session.
Dollar and oil signals pull in different directions
The U.S. dollar was slightly firmer against several major currencies as markets weighed expanded sanctions against Iran and efforts to stabilize long-term Treasury bonds. The global dollar move remained limited, leaving USD/MXN close to Monday’s settlement.
Oil moved more sharply. Brent crude fell about 3% to $89.42 a barrel by 6:19 a.m. Mexico City time. Traders viewed economic sanctions as posing less immediate danger to oil supplies than another military escalation, although shipping risks around the Strait of Hormuz remained.
For Mexico, lower oil prices can ease inflation pressure while reducing oil-revenue expectations. The peso’s limited movement suggested crude was not the dominant factor early Tuesday.
Fed schedule could break the calm
Mexico’s 6.50% policy rate remains well above the Federal Reserve’s 3.50% to 3.75% range. That difference is one factor supporting demand for peso-denominated assets, though it does not protect the currency from sudden shifts in risk appetite or trade policy.
Money markets were pricing in one quarter-point U.S. rate increase by the end of 2026. The next major test will arrive Wednesday, when the U.S. government releases July personal income, inflation and revised GDP data at 8:30 a.m. Eastern, or 6:30 a.m. in Puerto Vallarta.
Federal Reserve Chair Kevin Warsh is then scheduled to speak at Jackson Hole Friday at 10 a.m. Eastern, or 8 a.m. locally. A meaningful change in U.S. rate expectations could produce a larger USD/MXN move than Tuesday’s early trading.
Planning Vallarta expenses at 16.95
At the quoted wholesale rate, $100 equaled approximately 1,694.55 pesos and $1,000 equaled 16,945.50 pesos before fees. Tuesday’s 0.005-peso movement from Monday’s close changed a $1,000 conversion by only about five pesos.
The longer comparison is more noticeable. One dollar bought about 17.48 pesos on July 24, meaning a $1,000 wholesale conversion now produces roughly 538 fewer pesos than it did one month ago.
People earning in dollars therefore receive fewer pesos than when USD/MXN was above 17. Peso earners paying dollar expenses receive a modest benefit from the stronger local currency. Actual costs depend on the provider’s exchange spread, card or ATM fees and any optional currency conversion offered at the point of sale.
Exchange rates remain active throughout the day. Readers making a transfer or payment should check the provider’s final net rate at the time of the transaction.
