Dollar Dips Against Mexican Peso as Forecasts Point to 2026 Range of 19.30 to 20.50 Pesos

Mexico peso dollar exchange rate November 5, 2026: The U.S. dollar opened Thursday at an average of 18.57 Mexican pesos, down 0.28% from the prior close of 18.62 pesos. The currency has fallen 1.58% over the past week, while analysts cite nearshoring and the World Cup as possible support for the peso.

Mexico peso dollar exchange rate November 5, 2026, Digi Mart USA News: The U.S. dollar began trading Thursday, November 5, 2026, at an average of 18.57 Mexican pesos, registering a fresh decline against the Mexican currency.

The quote represents a decrease of 0.28% from the previous close, when the dollar stood at 18.62 pesos.

Over the past week, the U.S. currency has recorded a drop of 1.58%.

Compared with the same period a year earlier, however, the dollar remains 1.82% higher. The dollar has posted two sessions in a row with a downward trend against the peso.

Exchange rate volatility stood at 16.11%, well above the reference level of 8.33%, reflecting larger movements in the currency market.

Among the factors that could influence the Mexican currency during 2026 are investments linked to nearshoring and foreign currency inflows generated by the FIFA World Cup. Economic growth, the renegotiation of the USMCA (T-MEC), U.S.

tariff policies and Federal Reserve interest rate decisions also remain under close watch.

Projections cited for the end of 2026 place the exchange rate between 19.30 and 20.50 pesos per dollar. The Ministry of Finance (Secretaría de Hacienda) forecasts 19.70 pesos, while Banorte projects 19.30 pesos.

Analysts surveyed by the Bank of Mexico anticipate a range of 20.00 to 20.50 pesos, while Citi Mexico maintains a forecast of 19.50 to 20.20 pesos per dollar.

Economic expectations also include growth in Mexico’s gross domestic product of between 1.15% and 1.4%.

Felix Reeves

Felix Reeves is the Digital Motoring Editor at USA News after joining in July 2023. He previously worked as a Motoring News Reporter at the Express.

If you have a story you want to share, email felix.reeves@icifmede.com or motoring@icifmede.com

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