Aguascalientes, Aguascalientes, August 8, 2025.— The Mexican peso has gained international prominence following its appreciation against the dollar, a situation that has led many to call it the “superpeso.” To understand this financial phenomenon and its impact on the economy, experts from the School of Economics and Business at the Universidad Panamericana Aguascalientes campus offer a strategic and contextualized analysis.
Why is the Mexican peso appreciating?
María Guadalupe Romo Calvillo, M.A., director of graduate studies, notes that the interest rate differential is one of the main factors behind the peso’s strengthening against the dollar. “Rates in Mexico remain higher than in the United States, which makes investing in Mexican financial instruments more attractive. That increases the inflow of dollars into the country and strengthens our currency,”, she explains.
In addition, he highlighted other factors such as nearshoring, the flow of remittances, macroeconomic stability, and the Bank of Mexico’s anticipated behavior in its monetary policy decisions.
For his part, Fernando Covarrubias Tejada, director of the Bachelor’s Program in Finance, offered a critical reflection: “Rather than thinking about a strong peso, we should ask ourselves whether we are actually facing a weak dollar,” pointing to political and economic uncertainty in the United States, including factors such as Donald Trump’s influence and tensions surrounding the Federal Reserve.
Impact on exports, imports, and remittances
Both experts agreed that the economic impact of this appreciation is mixed. Regarding exports, Ms. Romo explained that Mexican companies are receiving fewer pesos for every dollar they sell, which directly affects their revenue. This could have repercussions in key sectors such as the automotive, agro-industrial, and electronics industries.
On the other hand, imports have become cheaper, which is an advantage for consumers and businesses that purchase products or raw materials from abroad.
They also warned of a negative impact on remittances. “If a migrant used to send $100 and their family received 2,000 pesos, now they receive less. That could reduce the incentive to send money. And we’re talking about more than $61 billion a year in remittances, Mexico’s largest source of foreign exchange,”, said Mr. Covarrubias.
What decisions can companies and investors make?
Given this situation, experts urged business leaders and investors to proceed with caution, but also with a strategic vision.
“For importers, this is an opportunity to negotiate contracts at better prices. And for those managing dollar-denominated investments, it’s a good time to buy low and project year-end returns, when the exchange rate is expected to be closer to 19.50 pesos,”, they noted.
In addition, they recommended avoiding impulsive decisions, managing cash flow carefully, and maintaining sound financial structures in the face of a global environment that remains uncertain.
What's next for the peso?
Finally, the experts agreed that this situation could change in the short or medium term. Factors such as interest rate trends, U.S. immigration policy, the remittance tax announced for 2026, and the upcoming U.S. elections could put new pressure on the exchange rate.
“More than a strong peso, what we need is a stable peso. That stability is key to building confidence and attracting investment to the country,”, concluded Mr. Covarrubias.
