Introduction
The Mexican peso holds firm against the U.S. dollar on Monday, February 23, 2026, with the official exchange rate (FIX) set at 17.1722 MXN per USD. This figure, published by Banco de México in the Diario Oficial de la Federación, anchors today’s financial activity and influences remittances, trade, and corporate contracts.
Official Rate and Market Overview
Banco de México’s FIX rate of 17.1722 pesos per dollar serves as the benchmark for fiscal and institutional transactions. In parallel, the interbank market shows modest fluctuations: the USD/MXN pair trades around 17.1562 MXN, marking a 0.23% intraday gain for the dollar.
Daily trading ranges remain narrow, between approximately 17.10 and 17.16 pesos, reflecting a stable exchange environment. Over the past year, the peso has appreciated nearly 16%, while the monthly trend shows a modest decline of around 1%.
Bank Rates and Retail Pricing
In retail banking, the dollar-to-peso rates vary by institution. At ventanillas, purchase prices range from 15.95 to 16.95 MXN, while sale prices span 17.45 to 17.80 MXN.
For example:
– Afirme: Buy at 16.40, Sell at 17.80
– Banco Azteca: Buy at 16.95, Sell at 17.79
– Banorte: Buy at 15.95, Sell at 17.45
– BBVA: Buy at 16.07, Sell at 17.60
These spreads reflect typical retail margins and institutional pricing strategies.
Market Drivers and Context
The peso’s relative strength today is partly driven by external developments. A U.S. Supreme Court ruling struck down broad tariffs imposed under emergency powers, easing trade tensions and bolstering confidence in emerging markets.
Domestically, the Bank of Mexico is monitoring inflation closely. Minutes from its February 5 meeting indicate openness to resuming interest-rate cuts, contingent on the short-lived impact of recent tax and tariff hikes.
Summary of Key Figures
| Metric | Value |
|---|---|
| FIX (Banxico official rate) | 17.1722 MXN/USD |
| Interbank spot rate | ~17.1562 MXN/USD (+0.23%) |
| Daily trading range | ~17.10 – 17.16 MXN |
| Retail buy rates | 15.95 – 16.95 MXN |
| Retail sell rates | 17.45 – 17.80 MXN |
| Year-over-year change | Peso appreciated ~16% |
| Monthly trend | Peso weakened ~1% |
What to Watch Next
Markets now await the Bank of Mexico’s next policy decision, potentially on March 26, to see if interest-rate cuts resume. Internationally, any shifts in U.S. monetary policy or trade rulings could sway the peso’s trajectory. Traders and businesses should monitor these developments closely.
The peso remains resilient today, supported by stable domestic policy signals and easing external pressures. As the week unfolds, attention will focus on central bank guidance and global economic cues shaping the USD/MXN outlook.
