The price of the US dollar reached a level of 19.96 pesos in the early hours of trading on Tuesday, March 18, 2025, keeping the Mexican peso from losing ground in the foreign exchange market. A favorable agreement is expected to resolve the US tariffs against Mexico. The exchange rate registered a maximum quote of 20.09 pesos and a minimum of 19.94 pesos in the international and interbank market. In the banks and currency exchange houses of the country, the free dollar had a maximum price of 21.09 pesos and a minimum of 20.23 pesos per greenback.
The Stock Exchanges in Mexico started the week with some financial stability and showed gains of over 0.6% before midday on Monday. The Mexican Stock Exchange (BMV) reported an increase of 0.63%, equivalent to 333.1 points, placing the Price and Quotations Index (IPC) at 52,817.38 units. The Institutional Stock Exchange (BIVA) recorded an increase of 0.6%, equivalent to 6.31 points, reaching 1,068.13 units in its main indicator.
The director of Economic Analysis at Grupo Financiero BASE, Gabriela Siller Pagaza, pointed out that the exchange rate on that Tuesday was influenced by the strengthening of the dollar, due to the uncertainty surrounding a possible ceasefire agreement in the war between Russia and Ukraine. According to her words, "It is believed that the US government wants Ukraine to accept a status of effective neutrality and some limits on its military and armament, in line with Russian demands. This has fueled concern in Europe that any agreement will leave Ukraine weakened and vulnerable to Russia." On the other hand, the Mexican peso began operations with a slight depreciation of two cents compared to the quote from last Friday, remaining below 20 pesos per dollar for the second consecutive day.
