⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here


The Mexican peso is poised for a weekly decline of over 3.8%.

Last night, Israel carried out an attack against targets in Iranian territory, in response to Iran’s drone attack over the weekend. This pushed the price of the dollar to 18.1750 pesos, its worst level since October.

The Mexican peso is experiencing a sharp decline this Friday morning. The local currency is poised to close the week with a retreat of just over 3.80%, impacted by increased geopolitical tensions following Israel’s attack on Iran.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

The spot exchange rate is currently at the level of 17.3229 units per dollar, compared to 17.0566 units at yesterday’s official close of the Bank of Mexico (Banxico), representing a loss of 26.63 cents or 1.56 percent for the peso.


Israel conducted an attack against targets in Iranian territory last night, in response to Iran’s drone attack over the weekend. This pushed the price of the dollar to 18.1750 pesos, its worst level since October (or in five months).

After reaching this peak, with a depreciation of around 5%, the currency erased some of the losses and reached a minimum of 17.0739 pesos. The Dollar Index (DXY), which measures the dollar against six currencies, is down 0.21% at 105.93 units.

Losses softened in the markets after Iran clarified that it has no immediate plans for retaliation. Despite this, the peso is already in negative territory for the year, with an accumulated decline of 2.05 percent.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
Related Articles