The Mexican peso closed on Friday, November 13, 2026, at 18.5336 units per dollar, an appreciation of 0.51% on the week and its third consecutive week of gains, even as the dollar posted its best weekly advance in more than a month globally.
The peso's move is explained in part by US producer price data: the October index rose 0.3% month over month, below the 0.4% forecast, according to El Economista, which cites the official data. That result gave the Mexican currency some relief and held back expectations of more aggressive rate hikes. At the same time, the Bloomberg Dollar Spot index rose 0.7% on the week, its biggest gain since October 2, according to El Financiero. For the Mexican community in North America, an exchange rate around 18.5 pesos per dollar makes imports of inputs and consumer goods cheaper, and reduces the peso value of remittances arriving from the United States.
Market bets remain tilted toward another Federal Reserve hike: traders assigned a 90% probability to a 25 basis point increase at the December meeting, according to CME Group's FedWatch cited by El Economista. The dollar closed at 103.43 points, a daily advance of 0.24%, despite which the peso gained 8.21 centavos against the previous close of 18.6157. "There has been an almost perfect situation for the dollar," said Alex Cohen, a Bank of America strategist, according to El Financiero, citing better-than-expected employment and inflation data. In Mexico, the week also included the announcement of an agreement with Japan to negotiate a boost to bilateral trade and energy cooperation.
Currency attention now shifts to the minutes of the Federal Reserve and Banco de México, which are published next week. Local markets will remain closed on Monday, November 16, for the anniversary of the Revolution, so the first exchange rate of the week will be known on Tuesday.
This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.
