The price of the dollar decreased to 20.27 pesos in international and interbank operations after the United States postponed for the second time the collection of tariffs against Mexico, scheduling it for the upcoming April 2. This extends the exemption from the 25% charge on Mexican exports by 30 days, resulting in a minimum quotation of 20.25 pesos and a maximum of 20.32 pesos.
At bank counters and exchange houses in Mexico, the free dollar reached a maximum price of 21.64 pesos per green bill, decreasing by five cents compared to the previous close.
The stock markets in the country recorded minimal gains of 0.3% upon learning of the new delay of the tariffs, although by midday there were some losses among stock market participants. The Mexican Stock Exchange (BMV) reported a decline of -0.02%, equivalent to -12.15 units, bringing the Price and Quotation Index (INPC) to 52,697.25 units. The Institutional Stock Exchange (BIVA) showed a marginal advance of 0.25% at midday, adding 2.86 points and reaching 1,067 units for its main indicator.
Felipe Mendoza, Financial Markets Analyst at ATFX LATAM, pointed out that the new postponement of tariffs against Mexican exports provides relief for the exchange rate and investments through the stock markets. He explained that the administration of Donald Trump has adopted a more flexible stance regarding the tariffs imposed on automobile manufacturers in Canada and Mexico, granting a one-month exemption, which is complemented by the new one-month postponement for all products that Mexico sells in the United States.
