BBVA’s latest FX Insights report surprised the region’s financial markets by indicating what the country with the strongest currency in Latin America in 2026. In the midst of an international scenario marked by a weakened dollar and adjustments in global rates, emerging economies seek to maintain balance without putting growth at risk. In this context, Mexico is emerging as the country best positioned to face the next economic stage.
Which country in Latin America will have the most stable currency
According to BBVA analysts, the Mexican peso will maintain a trading range between MXN$19.56 and MXN$19.77 per dollar, which would make it the most stable currency in the world. country Latin America in the coming years. This forecast is based on the strength of its manufacturing industry, the independence of the Bank of Mexico and a monetary policy that balances discipline and flexibility.
The report details several factors that explain the positioning of the country in front of their neighbors. Among them stand out:
- A competitive real interest rate that attracts foreign investment.
- The institutional credibility of the Bank of Mexico, considered a model of autonomy.
- The push for nearshoring, which has reconfigured global production after the pandemic.
- A sustained flow of capital and trade agreements that reinforce macroeconomic stability.
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He country of Mexico, maintains its reputation as a strong currency, with a stable projection of between S/3.50 and S/3.60 per dollar. The country’s fiscal prudence and low public debt support it, although the limited depth of its exchange market reduces its attractiveness against the Mexican peso.
For its part, Colombia presents a gradual recovery. The exchange rate of the Colombian peso would be around COP$4,170 per dollar in 2026according to BBVA. The trend responds to high real rates and a decreasing risk premium. However, analysts warn that political volatility and dependence on oil could affect the strength of its currency. Despite this, the country It continues to be a relevant actor in the regional economic panorama.
