The Mexican peso started the week of November 9, 2026, with a slight appreciation against the U.S. dollar, breaking an eight-week streak of losses as investors recalibrated their portfolios following U.S. employment data.
The exchange rate fluctuated throughout the session, with the spot rate moving between a daily high of 18.5231 and a low of 18.3410. The spot exchange rate stood at 18.4145 units per dollar, which represented a gain of 9 centavos, or 0.49 percent, compared to the previous day’s closing figure of 18.5045.
Market participants focused heavily on local inflation reports, which are considered fundamental for the monetary policy expectations of the Bank of Mexico. The underlying indicator, or core inflation, rose to 3.80 percent, also exceeding the anticipated 3.78 percent. Analysts at BBVA maintained a favorable outlook, stating that the inflation perspectives for Mexico remain positive and keeping their 2026 year-end forecast at 3.7 percent for general inflation and 3.8 percent for the core index.
FIX determinado el 09/11/2026 (Pesos por dólar), valor: 18.5983 https://t.co/kDdtz50EVl
For individual users requiring physical currency operations, the purchase and sale prices vary depending on the financial institution. Among major banks, Banamex and BBVA (Bancomer) maintain identical sale prices of 19.11 pesos per dollar.
Scotiabank records one of the highest sale prices in the retail market at 19.30 pesos, while Banco Azteca offers a sale price of 19.19 pesos. Purchase prices show more variation, with Banamex at 18.07 pesos, BBVA at 17.67 pesos, Banco Azteca at 17.35 pesos, and Scotiabank at 17.00 pesos.
| Bank | Purchase Price | Sale Price |
|---|---|---|
| Banamex | $18.07 | $19.11 |
| BBVA (Bancomer) | $17.67 | $19.11 |
| Banco Azteca | $17.35 | $19.19 |
| Scotiabank | $17.00 | $19.30 |
The currency’s performance remains tied to the interest rate differential between Mexico and the United States, which has historically supported the peso through carry trade strategies. Meanwhile, international investors are adjusting their positions in anticipation of upcoming Federal Reserve decisions.
The U.S. Dollar Index (DXY), managed by the Intercontinental Exchange, rose 0.08 percent to 101.92 points, comparing the dollar against a basket of six reference currencies.
