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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.

 

EUR/MXN Outlook:

The EUR/MXN rate is currently trading near recent lows and is below its 90-day average. With no strong driving factors to support it, the outlook is bearish, indicating potential continued pressure on the euro against the peso.

Key drivers:

• Rate gap: The European Central Bank is likely to maintain a dovish approach while the Bank of Mexico is cautious in managing inflation, impacting the euro's competitiveness.

• Risk/commodities: With oil prices significantly above average, the euro may face additional pressure as higher energy costs strain the Eurozone economy.

• One macro factor: Persistent core inflation in Mexico is expected to delay Banxico's target for inflation reduction, which could keep the peso stable or stronger.

Range:

Movement is likely to drift within the recent range, showing limited potential to test extremes without a significant catalyst.

What could change it:

• Upside risk: A positive resolution in geopolitical tensions or favorable economic data from the Eurozone could boost the euro.

• Downside risk: Further deterioration in the economic outlook for Germany could weigh on the euro more significantly.

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 =
20.31We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d−0.1%▼
90dLows◒
EUR to MXN is at 90-day lows near 20.30, 2.7% below its 3-month average of 20.88, having traded in a quite stable 5.0% range from 20.30 to 21.32
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  1 MXN = 0.049234 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.

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