Overview
- Mexico’s currency ended 2025 around 18.00 per dollar, with Banxico’s FIX at 18.0012, marking its biggest annual gain since the 1994 free float.
- Analysts attribute the advance to a weaker greenback, expectations for Federal Reserve rate cuts in 2026, and carry-trade inflows supported by Mexico’s higher rates.
- The BIS ranks the peso among the most traded emerging‑market currencies, with about 2.6% of daily global FX turnover in 2025.
- Argentina begins 2026 with exchange bands that now adjust monthly to inflation with a two‑month lag, replacing the prior fixed‑pace scheme.
- The BCRA confirmed bank opening rates for Friday, with Banco Nación selling at $1,485, while the informal ‘blue’ dollar trades near $1,530, underscoring a persistent gap with the official market.