The Mexican peso continues to strengthen, putting pressure on the US dollar. For the eighth consecutive day, the Mexican national currency has been gaining ground, pushing the exchange rate down without respite, as the war in the Middle East continues. The Bank of Mexico (Banxico) reported that in interbank operations, by the close of this Monday, April 13, 2026, the exchange rate fell to 17.29 pesos per dollar. During this streak, the 'greenback' has lost 83 cents, equivalent to 4.58%. In the country's bank branches and exchange offices, the free dollar—the one sold to the general public—ended the day with a maximum price of 18.38 pesos and a minimum of 17.53 pesos per unit, dropping by up to 30 cents at its lowest quote. The dollar's decline occurred as the market reacted to signals of a new rapprochement between the United States and Iran, which are seeking to normalize the transit of oil tankers through the Strait of Hormuz and a potential peace agreement to end the war in the Middle East. Where is the dollar sold most expensive? The banks with the highest dollar prices are: Bank of America: 18.38 pesos Monex: 18.12 pesos Banco Azteca: 17.94 pesos Afirme: 17.90 pesos. In contrast, the cheapest dollar was found at: Grupo Financiero Multiva: 17.53 pesos BBVA: 17.58 pesos Banorte: 17.65 pesos Banamex: 17.72 pesos. What affected the dollar? The Director of Economic Analysis at the BASE Financial Group, Gabriela Siller Pagaza, explained that the dollar's retreat—of 4.58% over eight sessions—occurred amidst negotiations between the United States and Iran and the risks the war poses to the oil market. She indicated that during Monday's session, President Donald Trump stated that Iran has contacted him to reach an agreement. 'The above moderated market nervousness and generates optimism that gradually, a normalization of the flow of energy from Gulf countries, with the exception of Iran, could occur.' 'Trump also pointed out that weekend negotiations did not prosper due to Iran's insistence on maintaining its nuclear program, but added that he is sure they will eventually abandon their nuclear ambitions.' Gabriela Siller highlighted that the US president also stated that—this weekend—34 vessels crossed the Strait of Hormuz, which is the highest number of crossings since the war began.
