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    CAD to MXN Forecasts

    Analysis of recent loonie→peso forecasts. We collate forecasts from respected FX analysts together with the latest CAD to MXN performance and trends.


    Forecasts for CAD to MXN

    CADMXN chart

    According to recent market analysis, the CAD to MXN exchange rate is expected to be influenced by several factors in the near future. The Canadian dollar has been struggling against the US dollar, mainly due to the risk-on and risk-off environments in financial markets. This is despite the fact that both the US and Canadian economies are strongly correlated. Continued housing price declines and adverse wealth effects in Canada could put further negative pressure on the Canadian dollar in 2023.

    On the other hand, the peso's fortunes are closely connected to the oil market, as oil is one of Mexico's top exports. The recent surge in oil prices could potentially support the Mexican peso. Additionally, cash remittances to South America, including Mexico, have defied predictions of a significant drop due to the COVID-19 pandemic. Remittance levels have been surging, which could contribute to a stronger Mexican economy and potentially lead to a stronger peso.

    Taking into consideration the recent CADMXN price data, the CAD to MXN exchange rate, currently at 13.00, is 2.1% above its 3-month average of 12.73. It has been trading in a relatively stable range of 6.3% from 12.31 to 13.09. As Canada is a major oil exporter, it's worth noting that the Brent Crude OIL/USD price data shows that oil prices, currently at 95.14, are 11.4% above their 3-month average of 85.37. Oil prices have been highly volatile, ranging from 72.26 to 96.61.

    Overall, based on the information provided and the market view, while the Canadian dollar may face some downward pressure due to housing price declines, the Mexican peso could potentially benefit from the recent surge in oil prices and positive remittance levels. However, it's important to keep in mind that currency exchange rates are subject to various unpredictable factors and can fluctuate rapidly.

    Compare & Save - Canadian dollar to Mexican peso

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Mexican peso (MXN) rates from different sources before making a conversion.

    Use our CAD to MXN calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on loonie to peso currency rates and the possible savings of using various providers.

    @bestfxrates : FX analysts note that Canada's housing market and US financial tension may place downward pressure on the CAD, while Mexico's oil exports and robust remittance levels support the MXN. CADMXN trading at 13.00, up 2.1% from its 3-month average. Fluctuations expected due to unpredictable market factors. #CADMXN #Forex

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    CAD to MXN Market Data

    Canadian dollar (CAD) to Mexican peso (MXN) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    12.82We compare provider deals to this wholesale mid-market rate. Read more
    CAD to MXN at 12.82 is just 0.8% above its 3-month average of 12.72, having traded in a relatively stable 6.3% range from 12.31 to 13.09
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    15 Sep 2023
    1.6% 2 Week
    01 Jul 2023
    0.9% 3 Month
    29 Sep 2022
    12.9% 1 Year
    30 Sep 2018
    11.9% 5 Year
    01 Oct 2013
    0.7% 10 Year
    04 Oct 2003
    53.7% 20 Year
    CAD/MXN historic rates & change to 29-Sep-2023

    Will the Canadian dollar rise against the Mexican peso?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/MXN to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more