Economy Country January 27, 2025

Mexican Peso Depreciates Amid Trade Tensions

The Mexican peso has depreciated by 1.15% against the dollar amidst trade tensions between the U.S. and Colombia due to new tariffs. This drop coincides with a decline in the dollar index.


Mexican Peso Depreciates Amid Trade Tensions

The Mexican peso has experienced a depreciation of 1.15% against the US dollar, in a context marked by trade tensions between the United States and Colombia following the imposition of tariffs last weekend. This drop in the peso occurs at the same time as the dollar index decreases by 0.32%, indicating the performance of the currency against a basket of international currencies.

The dollar quotes from various banks are as follows: - Afirme: Buy $19.30 / Sell $20.80 - Banco Azteca: Buy $19.45 / Sell $20.39 - BBVA: Buy $19.22 / Sell $20.75 - CIBanco: Buy $20.24 - Citibanamex: Buy $19.63 / Sell $20.73 - Monex: Buy $19.46 / Sell $21.51

It is expected that the volatility of the Mexican peso may increase in the coming days, depending on the results of the trade negotiations and the reaction of international markets. This Monday, January 27, the US dollar is trading at $20.50 pesos, according to information provided by the economic portal Bloomberg.