After a strenuous day in which the Mexican weight He opened with losses after the implementation of 25% of tariffs in exports that the US President Donald Trump announced last Sunday, achieved considerable recovery.
He US dollar quoted at the close of this holiday in 20.34 pesosso that it implied a decrease of 1.32% if compared to the 20.68 pesos reported in the opening of markets. It should be noted that this Monday, prior to the president of Mexico, Claudia Sheinbaum He had a talk with his counterpart to achieve joint agreements, the green ticket reached 21.28 pesos per unit, a price that was not seen since 2022.
The imposition of tariffs by the United States last Sunday was the main trigger for fluctuations in the exchange rate. These measures generated an immediate reaction in the financial markets, affecting not only the Mexican weight, but also the currencies of other countries, including those of the European Union.
However, in a turn in commercial relations between Mexico and the United States, the possibility of more adjustments was opened in the coming weeks. Although the Mexican currency managed to partially recover, uncertainty persists, since the negotiations between the two countries have not yet completed and in a month Donald Trump could remove the brake as tariff.
The US president has made it clear that he will not hesitate to reinstate measures if he considers that negotiations do not meet their expectations.
The weight-dollar ratio during 2024 was marked by contrasts. The year began with the Mexican currency strengthened before the American currency. The green ticket was sold at 16 pesos per unit, something that did not happen in almost a decade. The “superpent” nickname was more than ever.
However, as progressing the weight was depreciated due, mainly, to political decisions, such as the controversial reform of the Judiciary and the elimination of autonomous organs.
The setback of the Aztec currency worsened with the campaign of Donald Trumphis electoral victory as president of the United States and his threats to put tariffs on all Mexican products – and Canadians – if Mexico did not improve border security.
It was so that the dollar returned at 20 pesos, leaving far from the forecasts of the Bank of Mexico (Banxico).
By 2025, Banxico He hopes that the dollar cite on an average that goes from 20.24 pesos and up to 20.69 pesos, a conservative forecast considering the repercussions that Trump’s sayings and policies in the White House would bring for the type of changes.
Inflation was relatively stable in 2024 around between 4%, except for June when it almost reaches 6, according to data from the National Institute of Statistics and Geography (INEGI).
In this year, Banxico forecasts that inflation will be below the four points to 3.8 percent.
As for the growth of the Gross Domestic Product (GDP), the low forecasts are maintained. The Central Bank awaits a GDP rise of just 1.2 percent.
