The Mexican central bank on Tuesday sold an additional $ 500 million in the foreign exchange market.
The Mexican peso fell against the dollar by 0.7% to climb the US currency to 19.8856 dollars, at 8:31 pm GMT, the lowest level since last February.
Mexican currency losses come on concerns about inflation in the country and the possible impact of US tax cuts on Mexico.
Earlier this month, the new governor of the Bank of Mexico, Alejandro Diaz de Leon, said the US tax reform law could hurt the country's local currency.
US President Donald Trump signed the US tax code on Friday.
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