Economy· August 17, 2026 at 04:51 p.m.
Mexican Peso Reaches 26-Month High Following Steady Interest Rates
Key takeaways
- Mexican peso hits a 26-month high
- Bank of Mexico keeps interest rates steady at 4.25%
- Improved investor sentiment towards Mexico's economy
The Mexican peso has reached a 26-month high, trading at 18.7450 per US dollar on Tuesday. This development comes after the Bank of Mexico (Banxico) decided to keep its benchmark interest rate unchanged at 4.25%. The last time the peso traded this high was in August 2020.