Mexican Peso Hovers Near 18 Per US Dollar on January 11, 2026
Mexico City, January 11, 2026 – The Mexican peso remains stable around 18 per US dollar, as a firmer greenback offsets domestic supports. Banco de México’s latest minutes reinforce a cautious policy outlook, with the central bank emphasizing a data-dependent approach amid ongoing disinflation.
Exchange Rate Overview
On January 11, 2026, the USD/MXN spot exchange rate stands at approximately 17.98 Mexican pesos per US dollar, according to multiple financial sources. This rate reflects a slight increase from recent lows, influenced by resilient US economic data and geopolitical tensions. The peso has strengthened marginally over the past month, gaining about 1.11% against the dollar, but remains sensitive to US Federal Reserve actions and global market volatility.
Key Facts / Stats
| Indicator | Value |
|---|---|
| USD/MXN Exchange Rate | 17.98 MXN per USD |
| Banxico Policy Rate | 7.00% |
| Mexico Inflation Rate (December 2025) | 3.69% |
| US Fed Funds Rate | 3.75% |
| Mexico Foreign Reserves | USD 250 billion |
Market Insights
Banco de México cut its benchmark interest rate by 25 basis points to 7.00% in December 2025, marking the twelfth consecutive reduction in an easing cycle aimed at supporting economic growth. Headline inflation eased to 3.69% in December, while core inflation slowed to 4.33%, broadly in line with forecasts. Despite moderating inflation risks, Banxico signals no urgency to accelerate cuts, framing future decisions as conditional on data.
The US dollar’s strength, driven by resilient labor market data and geopolitical concerns, continues to pressure emerging market currencies, including the peso. However, Mexico’s strong remittances, FDI inflows, and current account improvements provide underlying support for the currency.
Frequently Asked Questions
What is the current USD to MXN exchange rate?
As of January 11, 2026, 1 US dollar equals approximately 17.98 Mexican pesos, based on mid-market rates from sources like Trading Economics and Xe.
How has the Mexican peso performed recently?
The peso has strengthened about 1.11% over the past month and 13.27% over the last 12 months, benefiting from interest rate differentials and economic fundamentals.
What factors influence the USD/MXN rate?
Key factors include US monetary policy, Mexican inflation and growth data, remittances, trade balances, and global risk sentiment.