Mexican Peso Breaks Below 17 to the US Dollar, Strongest Since 2024
The Mexican peso slipped below 17 per US dollar for the first time since 2024, and President Sheinbaum tied the rally to record investment and a firm economy. The post Mexican Peso Breaks Below 17 to the US Dollar, Strongest Since 2024 appeared first on The Rio Times .
On Friday, August 14, 2026, the Mexican peso unexpectedly fell below 17 to the US dollar for the first time since mid-2024, hitting approximately 16.98 in wholesale trading. This move marked a significant shift after months of fluctuating between the low 18s and high 17s. The central bank's fixed interest rate of 6.50% has attracted global investors seeking higher yields, leading to a surge in peso investment.
President Claudia Sheinbaum seized the opportunity to highlight this positive economic shift during her press conference. While the currency rally brought relief to importers and travelers, it posed challenges for Mexican exporters who would face higher costs for their goods abroad.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
