Mexico Peso Firms to 18.13 Ahead of Inflation Data
Mexico’s peso firmed to 18.1343 per dollar on 5 October. Inflation data arrive on Thursday, and Banxico next decides on 5 November. The post Mexico Peso Firms to 18.13 Ahead of Inflation Data appeared first on The Rio Times .
On Monday 5 October 2026, Mexico's peso stabilized at 18.1343 pesos per US dollar, after dipping from its weakest fixing of 18.3688 on Thursday. This rate, set by Banxico, influences expats' monthly budgets and is based on various factors including the US Federal Reserve's interest rate decisions. Banxico's interest rate remained at 6.50% following a unanimous vote on 24 September.
The US Fed raised its range by 0.25 points to 3.75–4.00% on 16 September, potentially making the dollar more attractive and weakening the peso. Banxico's next decision is on Thursday 5 November. Inflation data from INEGI showed an annual increase of 3.42% in the first half of September, with a core rate of 3.79%. Prices for monthly rent and other dollar-priced items may rise slightly due to this inflation, though the impact depends on individual lease terms and savings.
Polymarket pricing suggests a 95% chance of no change in Banxico's November decision, with a 4.00% to 4.49% annual inflation band at 45.5%.
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