Dollar price in Mexico today, May 08 2026: how it affects banxico's rate change
Check the price of the dollar in Mexico today, 8 May 2026, the FIX exchange rate, banking quotation and how the adjustment in Banxico's interest rates affected
The US dollar remained practically stable against the Mexican peso this Friday May 8, 2026. The day takes place in a calm environment, after the Bank of Mexico (Banxi co) reduce the reference rate, generating less pressure on the US currency. We explain this whole situation, especially if the price of the dollar in Mexico interests you if you send remittances.
On average, the dollar is traded at $17.26 pesos per unit, barely without changes with respect to the close of Thursday May 7. On that day, Banxico reported that the Official closing was $17.2693 pesos per dollar, while the practical closing of the market was at $17.29 pesos, reflecting the variations during the day.
The FIX exchange rate, published in the Official Journal of the Federation (DOF), was established at $17.2400 pesos per dollar pa ra this Friday, while the exchange rate for the payment of obligations in dollars remained at $17.2530 pesos per unit.
Exchange rate in Mexico banks today
Over-the-counter quotes vary slightly between financial institutions. For this Friday, the purchase and sale prices in Mexican banks are as follows:
In the comparative, today BBVA is positioned as the option with the lowest sale price, which makes it attractive for those who want to buy dollars. For its part, Banamex remains as the banking institution with the highest purchase price.
In international transfer companies, the dollar is quoted at $16.83 pesos in Western Union and at $17.74 pesos in MoneyGram, depending on the type of operation.
In the border area, specifically in Tijuana, the dollar is bought at $16.65 pesos and sold at $16.95 pesos, showing a lower exit cost than the national average.
Middle East, oil and interest rates in Mexico
The decline in the dollar is explained by the decreased tension in the Middle East, which has reduced the pressure on the energy markets of Europe and Asia.
Meanwhile, Brent oil fell to $101.26 dollars per barrel, while West Texas Intermediate (WTI) stood at $94.3 dollars, favoring the slight depreciation of the US currency.
On the other hand, the Banxico Governing Board decided to reduce the reference rate to 6.50%, the lowest since March 2022. This adjustment is part of the cycle of cuts that began in 2024 and has generated a bearish bias in the USD/MXN exchange rate. Annual inflation in April was at 4.45% in Mexico, below the expectation of 4.50%, contributing to a more stable market.
In weekly terms, the dollar records a decrease of -1.13%, while its interannual variation shows a fall of -9.65%, confirming the for strength. The current volatility of the exchange rate remains at 6.04%, below the 8.22% reference, which indicates greater stability.
Other international indicators also influence: the DXY index, which measures the strength of the dollar against other currencies, marked a low intra day of 97.81 points, while the yield curve of the Treasury of the United States shows lower expectation of inflationary pressures.
With the strong Mexican peso, remittances and those paid in dollars in Mexico lose purchasing power.