Continuing its strong run from last week when it first approached 18 per dollar, the Mexican peso edged up 0.02% to close at 17.99 against the US dollar on December 19, following a 25 basis point cut by the Bank of Mexico. Bank quotes show the dollar at 18.47, with analysts eyeing potential corrections amid rising dollar strength.
The peso's latest session on Friday, December 19, 2025, reflected resilience after Banxico's benchmark rate reduction. Official data shows a 0.02% gain (0.38 centavos), settling at 17.99 pesos per dollar, with a 0.07% weekly advance (1.32 centavos). This builds on the 15.6% appreciation in 2025 highlighted last week, amid solid fundamentals like record FDI, exports, and remittances.
Banamex quoted the dollar at 18.47 pesos for sale. Banco Base's Gabriela Siller noted the rate's stability around 18.00 but cautioned on downward pressures giving way to possible upward corrections.
Global context: The dollar index (DXY) rose 0.18% to 98.60, BBDXY up 0.15% to 1,209.32. US 10-year yields at 4.14%, Mexico's at 8.91%. Other currencies weakened: Russian ruble -0.42%, Philippine peso -0.30%, South Korean won -0.25%.
