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EUR to MXN 2026 Forecasts

Analysis of recent euro → peso forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Euro to Mexican peso performance and trends.

 

The current market bias for the EUR to MXN exchange rate is range-bound.

Key drivers include:

  • The interest rate differential is narrowing as the European Central Bank (ECB) maintains a flexible policy approach, while the Mexican central bank (Banxico) is expected to implement fewer rate cuts.
  • The eurozone shows positive growth projections, with a GDP growth forecast of 1.6% for 2026, buoyed by fiscal measures and increased military spending across Europe.
  • Oil prices are nearing 7-day highs but remain volatile, which can indirectly affect the euro as energy prices impact the broader economy.

The near-term trading range is likely to remain stable, reflecting a slight decline from the recent 21.02, which is 1.2% below its 3-month average of 21.27.

An upside risk could stem from unexpected ECB policy tightening, while a downside risk may arise from slower economic growth in Mexico or geopolitical tensions that affect trade dynamics in the eurozone.

EUR-MXN Rate Calculator

 
   
   
   
   
 
   
 
 

EUR to MXN Market Data

Euro (EUR) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell EUR   →   Buy MXN
1 EUR =
20.98We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d0.0%⬦
90dLows◒
EUR to MXN at 21.02 is 1.2% below its 3-month average of 21.27, having traded in a very stable 3.0% range from 20.98 to 21.61
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  1 MXN = 0.047657 EUR

Compare & Save - Euro to Mexican peso

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

Use our EUR 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 Euro to Peso currency rates and the possible savings of using various providers.

 
 

Will the Euro rise against the Mexican peso?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Euro vs Mexican peso current value is to look the EUR/MXN historic rate and change over a range of periods.

The following table looks at the change in the EUR to MXN exchange rate over periods from the previous week back to the last 10 years.

DateEUR/MXNChangePeriod
24 Dec 2025
21.12
0.5% ▼2 Week
09 Oct 2025
21.26
1.1% ▼3 Month
07 Jan 2025
21.03
0% ▼1 Year
08 Jan 2021
24.45
14% ▼5 Year
10 Jan 2016
19.61
7.2% ▲10 Year
12 Jan 2006
12.75
64.9% ▲20 Year
EUR/MXN historic rates & change to 07-Jan-2026

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 EUR/MXN to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

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