Price of the dollar in Mexico today, July 8, 2026: tension in the Middle East revives concerns
Check the price of the dollar in Mexico today, July 8, 2026, the FIX exchange rate and the quote in banks. Tension in the Middle East affects markets
For this Wednesday, July 8, 2026, the exchange rate registers important movements, after the Mexican peso lost ground against the US currency in the previous day. There were economic decisions, such as the Toyota announcement that affects Mexico and the possible armed resumption between the United States and Iran.
At the opening this Wednesday, the US dollar was quoted at $17.60 Mexican pesos, an increase of 0.48% compared to the previous close of $17.52 pesos, according to Dow Jones data.
During the session on Tuesday, July 7, the Mexican peso fell 0.74% against the US dollar. The pressure on this currency came after the announcement that Toyota will gradually transfer part of its vehicle production from Mexico to the United States, news that generated caution among investors and caused adjustments in the exchange market.
The dollar accumulates a weekly advance of 0.75%; In its annual comparison, it maintains a depreciation of 5.47%, which reflects that, although it has shown a recovery in recent days, it continues below the levels recorded a year ago.
The Bank of Mexico (Banxico) reported that the official closing on Tuesday, July 7, was $17.5143 pesos per dollar, a figure obtained from the average of banking operations carried out during the day. However, because the exchange market remains active throughout the day, the exchange rate against the peso ended the session around $17.53 pesos per US currency.
The current volatility of the exchange rate was 6.9%, below the historical reference of 7.57%. What does this data mean? When recent volatility is lower than the historical average, it normally indicates that the market maintains relatively stable behavior, even when there are daily movements in the price.
Banxico also reported that the FIX exchange rate published in the Official Gazette of the Federation (DOF) was established at $17.4958 pesos per dollar for this Wednesday, July 8. This value, which is published at noon on the previous business day, serves as a reference for various contracts, financial operations and official procedures.
Meanwhile, the exchange rate for the payment of obligations denominated in foreign currency was set at $17.4342 pesos per dollar. This value is used when a debt was agreed in dollars within the national territory, since it establishes the amount of pesos necessary to settle that obligation in accordance with Mexican legislation.
Dollar exchange rate today in Mexican banks
The purchase and sale quotes for dollars in the main banks in Mexico for this Wednesday, July 8, are:
When reviewing bank quotes, BBVA México maintains the lowest sales price, making it one of the most convenient options for those looking to acquire dollars. In contrast, Banamex offers the best purchase price, which benefits people who want to sell their US notes.
In banking institutions in Mexico and the northern border, the dollar is sold for an average of $17.86 pesos and purchased for $16.73 pesos. Meanwhile, in exchange houses in border cities, such as those located in Tamaulipas, the US currency is sold at around $17.50 pesos for sale and $16.50 pesos for purchase.
Companies dedicated to international money transfer also present different quotes. This Wednesday, Western Union quotes the dollar at $17.78 Mexican pesos, while MoneyGram manages an exchange rate close to $17.91 pesos for each dollar sent.
Remember that the price of the dollar changes constantly throughout the day. Before making a currency purchase, sending money abroad or making a payment in US currency, it is advisable to check the updated exchange rate to find the most convenient quote.
Concerns about tensions in the Middle East return
This morning, we woke up to President Donald Trump's first statements prior to the NATO summit, in which he indicated that the ceasefire agreement with Iran had ended.
On Tuesday night, it was reported that the United States government had attacked more than 80 Iranian targets following attacks on three oil tankers in the Strait of Hormuz.
The United States also announced that it had revoked the temporary suspension of sanctions on Iranian oil sales. This sent oil prices up around 6%, reaching their highest level in about two weeks, after concerns grew about a possible impact on crude oil supplies from the Middle East.
As a result, Brent oil is trading at $78.03 per barrel, while West Texas Intermediate (WTI) is trading at $73.83 per barrel.