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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 EUR to MXN exchange rate displays a bearish bias in the near term.

The European Central Bank's decision to hold interest rates, coupled with its caution regarding a strong euro potentially lowering inflation, weighs on the euro. Furthermore, looming geopolitical tensions continue to create uncertainty, exacerbated by the ongoing conflict in Ukraine. Meanwhile, the Mexican peso is supported by forecasts predicting stability in exchange rates and potential strengthening due to easing U.S. Federal Reserve policies.

In the near term, the EUR/MXN may trade within a stable range, slightly below its recent 14-day highs. The euro is currently at about 21.15, just under its three-month average of 21.3.

Potential upside risks include a faster-than-expected economic recovery in the Eurozone, which might strengthen the euro. Conversely, downside risks could stem from deteriorating economic conditions in Mexico or further geopolitical tensions impacting investor confidence.

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 =
21.15We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d+0.1%▲
14dHighs◓
EUR to MXN is at 14-day highs near 21.15, just 0.7% below its 3-month average of 21.3, having traded in a very stable 2.6% range from 21.07 to 21.61
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  1 MXN = 0.047292 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
18 Dec 2025
21.10
0.2% ▲2 Week
03 Oct 2025
21.60
2.1% ▼3 Month
01 Jan 2025
21.57
1.9% ▼1 Year
02 Jan 2021
24.13
12.3% ▼5 Year
04 Jan 2016
18.73
12.9% ▲10 Year
06 Jan 2006
12.87
64.3% ▲20 Year
EUR/MXN historic rates & change to 01-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