The Mexican peso has experienced volatility in recent weeks influenced by geopolitical tensions and monetary policy developments. Initially, the peso depreciated amid escalating conflicts between Iran and Israel, with the exchange rate reaching approximately 19.16 pesos per dollar. The situation intensified following a surprise U.S. strike on Iranian nuclear facilities and subsequent Iranian retaliations, contributing to further fluctuations. However, the peso strengthened to around 18 pesos per dollar after Israel and Iran agreed to a ceasefire. More recently, the peso has weakened again, trading near 19.80 pesos per dollar, as markets reacted to the Chilean Central Bank's interest rate cut and anticipation of the U.S. Federal Reserve's upcoming rate decision. The peso has declined for three consecutive sessions, reflecting investor caution amid a stronger U.S. dollar supported by resilient U.S. economic data. Meanwhile, the Chilean peso also depreciated following its central bank's rate reduction. The Mexican stock market (BMV) fell by 1.17% amid these developments.