Mexican Peso Fluctuates Between 18.75-18.88 Per Dollar From July 28 to August 1 Amid 16.2% Drop in June Remittances

Between July 28 and August 1, 2025, the Mexican peso experienced fluctuations against the US dollar in both international markets and interbank operations. The peso opened at around 18.60 pesos per dollar on July 28, weakening to 18.76 pesos in interbank trading and 19.23 pesos at bank counters that day. The currency slightly strengthened on July 29, with interbank rates at 18.75 pesos per dollar, before weakening again on July 30 to 18.85 pesos interbank and 19.29 pesos at bank windows. On July 31, the peso gained some ground, trading at 18.86 pesos per dollar interbank and maintaining 19.29 pesos at bank counters. By August 1, the peso lost value again, with interbank rates at 18.88 pesos per dollar and 19.31 pesos at bank counters. The euro was also quoted at 21.85 pesos on August 1. Additionally, Mexico's central bank, Banxico, reported that remittance inflows in June totaled $5.201 billion, marking a 16.2% decline compared to June 2024. The US dollar closed the week at 19 pesos, with intraday values ranging from 4,118 to 4,145 units in an unspecified local context.