When the market lacks clarity, the dollar can jump at any time. Where is the dollar sold the most expensively? The banks with the most expensive dollar prices are: Bank of America: 19.08 pesos Monex: 18.67 pesos Afirme: 18.50 pesos Banco Azteca: 18.39 pesos. In contrast, the cheapest dollar was found at: Grupo Financiero Multiva: 17.36 pesos BBVA: 18.05 pesos Banorte: 18.15 pesos Banamex: 18.20 pesos. What affected the exchange rate? The Director of Economic Analysis at the BASE Financial Group, Gabriela Siller Pagaza, explained that the dollar's fall was due to contradictory reports on the signing of a peace agreement between the United States and Iran to end the war in the Middle East. She noted that during the session, the exchange rate showed a sideways movement due to the uncertainty surrounding the armed conflict, which was fueled by 'contradictory information about the progress in peace talks'. 'In the morning, media reports circulated that Iran rejected the US ceasefire proposal and instead set five conditions: that enemy forces completely stop aggressions, that mechanisms be established to ensure that war is not reimposed. 'Third, the guaranteed payment of damages for the war; fourth, the end of the war on all fronts, including resistance groups; fifth, the international recognition of Iran's sovereignty and its authority over the Strait of Hormuz,' she pointed out. Meanwhile, the White House Press Secretary, Karoline Leavitt, reiterated that Iranian leaders are seeking to end the war and mentioned that the talks of the last three days have been productive. She added that if Iran does not accept defeat, President Donald Trump 'is prepared to unleash hell'. The dollar fell and the peso gained strength in the foreign exchange market. Amid an atmosphere full of doubts about peace negotiations in the Middle East, the Mexican currency held firm and managed to discount several cents from the greenback. The Bank of Mexico (Banxico) reported that the exchange rate closed this Wednesday – March 25, 2026 – at 17.76 pesos per dollar in interbank operations, with an appreciation of 0.16% compared to the Tuesday's quote. While in the bank and exchange house windows across the country, the free dollar—the one sold to the general public—ended the day with a maximum price of 19.08 pesos and a minimum of 17.36 pesos per unit. Analysts maintain that the problem is very clear: there is no certainty in the peace negotiations in the war between the U.S. and Iran. The specialist warned that, in the face of the described scenario, episodes of volatility in markets cannot be ruled out; especially because Donald Trump promised to escalate the conflict starting this weekend, if a resolution to the conflict is not achieved.
