Exchange Rate

The Mexican peso ended the session up 0.15% against the dollar at 17.76 pesos per unit, per Banco de México data. Traders assessed the feasibility of a ceasefire in Iran ahead of Banxico's monetary policy decision on Thursday. Analysts forecast the currency to hold in a 17.65-17.85 pesos per dollar range.

10 Mwezi wa tatu, 2026 Imeripotiwa na AI

The war between the United States, Israel, and Iran, started on February 28, 2026, has driven oil prices above 100 dollars per barrel, closing the Strait of Hormuz and creating volatility in global markets. In Mexico, this could mean additional oil revenues of 406 billion pesos if the average price holds at 90 dollars for the year. However, the conflict has also depreciated the Mexican peso and accelerated inflation to 4.02 percent in February.

South Korea's major commercial banks are intensifying efforts alongside government foreign exchange authorities to curb the local currency's recent weakness. They are offering incentives for customers to sell U.S. dollars and lowering interest rates on foreign-currency deposits. The won has been hovering near the 1,450 level against the dollar amid ongoing pressures.

15 Mwezi wa kwanza, 2026 Imeripotiwa na AI

U.S. Treasury Secretary Scott Bessent stated that the recent depreciation of the Korean won does not align with South Korea's strong economic fundamentals. During a meeting this week with Seoul's Finance Minister Koo Yun-cheol, he emphasized that excess volatility in the foreign exchange market is undesirable. The two sides discussed the full implementation of a bilateral trade and investment agreement.

Argentina's Central Bank has launched four administrative probes against exchange houses for irregular operations exceeding US$1.190 million in 2022 and 2023. Investigations uncovered dollar loans to low-income individuals and potential diversions to the informal market. The probe involves the Financial Information Unit and federal courts.

19 Mwezi wa kumi na mbili, 2025 Imeripotiwa na AI

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.