Puerto Vallarta, Jalisco, August 2, 2026 – The Mexican peso remained near 17.35 per U.S. dollar Sunday, with the latest indicative USD/MXN quote at 17.3471 pesos per dollar at 3:52 a.m. Mexico City time. The rate was nearly unchanged from the previous session.
Because Sunday is outside regular weekday trading, the quote may move little before markets reopen. Banks, exchange houses and card networks may offer different rates after adding their own spreads or fees.
Peso closes the week near 17.34
The dollar closed Friday at approximately 17.3441 pesos, according to historical USD/MXN market data. Friday’s trading range was 17.3122 to 17.3899 pesos per dollar.
The peso has strengthened from late July levels. USD/MXN closed near 17.52 on July 23 and moved down toward 17.34 by the end of last week. A lower USD/MXN rate indicates that fewer pesos are needed to buy one dollar.
Fed decision leaves markets focused on U.S. data
The Federal Reserve kept its benchmark interest-rate target at 3.50% to 3.75% on July 29. Three voting members favored a quarter-point increase, highlighting continued disagreement over inflation risks and the timing of future policy changes.
The next major U.S. release is the July employment report, scheduled for August 7 by the U.S. Bureau of Labor Statistics. Job openings data are due on August 4, followed by July inflation data on August 12.
Those reports could influence expectations for the Fed’s September meeting. A stronger-than-expected U.S. economy or renewed inflation pressure could support the dollar, while weaker data could increase expectations for a less restrictive policy.
Trade uncertainty remains a Mexico factor
Mexico’s economic outlook remains closely tied to trade with the United States. Economy Minister Marcelo Ebrard said in July that the latest U.S. tariff changes would not alter Mexico’s effective tariff treatment, with approximately 85% of Mexican exports to the United States continuing to qualify for tariff-free treatment under the USMCA. The trade statement reduced the risk of an immediate change in Mexico’s export conditions, although broader trade negotiations remain a source of market uncertainty.
Mexico’s latest economic releases, including July inflation and second-quarter trade data, are available through the INEGI press room. Inflation, exports, interest-rate decisions and the pace of domestic growth will continue to shape expectations for the peso.
What the rate means for local budgets
At the 17.3471 reference rate:
- US$100 equals approximately 1,734.71 pesos
- US$500 equals approximately 8,673.55 pesos
- US$1,000 equals approximately 17,347.10 pesos
For people receiving income in dollars, a stronger peso generally yields fewer pesos when converted. For residents paying expenses in dollars, the same exchange rate requires more dollars to buy a fixed amount of pesos.
Actual results can vary substantially between a bank transfer, ATM withdrawal, card purchase, and cash exchange. Anyone budgeting rent, property expenses, tuition or other recurring payments should use the rate offered by the specific provider rather than the market reference rate.
