In the coming hours, the United States is expected to suspend or modify the 25% tariffs imposed on Mexico and Canada. On an international and interbank level, the exchange rate for the dollar reported a minimum quotation of 20.30 pesos and a maximum of 20.66 pesos.
At bank branches and exchange houses in Mexico, the free dollar reached a maximum price of 21.69 pesos per greenback, experiencing an appreciation of 31 cents or 1.40% against the dollar.
In the stock market, at the beginning of the day’s operations, the country's stock exchanges showed erratic behavior with minimal losses of up to -0.2%. The Mexican Stock Exchange suffered a drop of -0.05%, equivalent to -26.34 units in the Price and Quotation Index (INPC), standing at 52,358 points.
The price of the dollar was reduced to an average of 20.51 pesos, while the stock exchanges operating in Mexico recorded ups and downs at the start of the day.
Gabriela Siller Pagaza, director of Economic Analysis at Grupo Financiero BASE, mentioned that the decrease in the price of the dollar and the appreciation of the peso are due to the possibility that a moderation of the tariffs imposed by the Trump administration on Mexico and Canada will be announced.
The specialist warned about the persistence of episodes of volatility and upward pressures on the exchange rate if the tariffs are maintained. Even with the current stability, it cannot be discounted that the dollar could reach 21.00 pesos. This uncertainty is due to the possible announcement that the tariffs will remain unchanged, which would negatively impact the Mexican economy.
Gabriela Siller pointed out that, if the tariffs persist throughout the year, Mexico could face a severe economic cost. The expert noted that with a full year of tariffs, an impact of up to four percentage points on Gross Domestic Product (GDP) is estimated, which would lead the country into an economic recession. Additionally, the daily cost is estimated at approximately three billion 700 million pesos per day due to the imposition of tariffs.
