Mexican Peso Trades Between 18.56-19.07 Per Dollar Amid Israel-Iran Ceasefire, BMV Gains, and Grupo Bimbo Surge

The Mexican peso experienced fluctuations amid escalating geopolitical tensions in the Middle East between Israel and Iran and concerns over potential U.S. involvement. In mid-June 2025, the peso depreciated against the U.S. dollar, reaching 19.0731 pesos per dollar by June 19, driven by global market nervousness and a stronger dollar. The Mexican Stock Exchange (BMV) also declined by 1.17% during this period. After a surprise U.S. strike on Iranian nuclear facilities and subsequent Iranian retaliation, the peso showed slight gains, trading at 19.14 pesos per dollar on June 23. The currency further strengthened to 18 pesos per dollar following an agreed ceasefire between Israel and Iran on June 24, which also boosted the BMV. In July, the peso continued to show resilience, trading at 18.72 pesos per dollar on July 14 and appreciating by 4.49 cents to 18.59 pesos per dollar by July 23. Despite a minor depreciation to 18.56 pesos per dollar on July 25 due to tariff negotiation uncertainties and expectations around Banco de México's monetary policy, the peso was set to close the week with a slight gain. The BMV ended the week positively, supported by an 8.6% surge in Grupo Bimbo shares following better-than-expected financial results. Meanwhile, other market indicators included the euro trading at 21.78 pesos, Mexican crude oil prices rising to $63.59 per barrel, and declines in Bitcoin and gold prices to $116,936.8 per unit and $3,339.10 per ounce respectively.