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USD to MXN Forecasts – US dollar to Mexican peso

Latest USD to MXN forecasts including bank predictions, key market drivers and recent trends for USD/MXN. See where analysts expect the pair to move and the factors likely to influence it.

 

USD to MXN Forecast & Outlook

16 Jul 2026 • 00:27 GMT

USD/MXN 17.39

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 17.3020 – 17.6100
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, USD/MXN is trading near its 3-month average within a very stable range, held near highs by risk sentiment. The dominant driver remains risk-off conditions due to geopolitical tensions, supporting the US dollar. Over the next few sessions, this environment may keep the pair supported but limit significant gains in the peso, with near-term conditions suggesting the pair could face downward pressure if risk appetite improves.

💸 Transfer implications

  • Expats: sending money to Mexico may find support for USD/MXN less favourable than recent levels.
  • Travellers: exchanging currency or loading forex cards might experience limited upside in USD relative to MXN.
  • Businesses: paying overseas invoices could see less favourable USD rates for Mexican Peso (MXN) payments.

🧭 Key drivers

  • Rate gap: US interest rates remain above Mexican yields, supporting USD strength.
  • Risk/commodities: Elevated geopolitical tensions and safe-haven demand bolster the US dollar.
  • Global factors: Geopolitical risks, such as Iran-US tensions, influence risk sentiment and USD demand.

⚠️ What could change it

  • Upside risk: Easing geopolitical tensions or risk-on flows could weaken the US dollar.
  • Downside risk: Increased US rate hikes or Mexican rate policy adjustments could support the peso.

Shopping around for the lowest margin provider may help reduce overall transfer costs. Comparing FX providers can offset less favourable exchange conditions. Finding providers with lower margins can lower total transfer expenses.

 

USDMXN Bank Forecasts to end of the year

The outlook for USD/MXN towards the end of 2026 shows slight variation among major banks. Bank of America forecasts the pair at 18.50, indicating potential pressure on the peso. UBS projects a slightly lower figure of 18.2, suggesting some underlying support for the peso compared to Bank of America's view. Banco Base offers a more balanced view with an expectation of USD/MXN near 17.82 by the fourth quarter, adding another layer of variance to predictions.

Big bank views

  • Bank of America forecasts USD/MXN at 18.50, suggesting pressure on the peso.
  • UBS expects USD/MXN at 18.2 by Q4, implying less pressure than some forecasts.
  • Banco Base projects a gradual depreciation of the peso, with USD/MXN nearing 17.82.

What could change the outlook

  • US Federal Reserve actions: Anticipated interest rate hikes could strengthen the USD further, impacting USD/MXN.
  • Mexican monetary policy: Decisions by Banxico on rates could influence the peso's resilience against the USD.
 

USD-MXN Rate Calculator

 
 
   
   
   
   
   
 
 

USD to MXN Market Data

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

 
Sell USD   →   Buy MXN
1 USD =
17.39We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d−0.2%▼
USD to MXN at 17.39 is near its 3-month average, having traded in a very stable 2.6% range from 17.17 to 17.61
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  1 MXN = 0.057493 USD

Compare & Save - US dollar to Mexican peso

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

Use our USD 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 Dollar to Peso currency rates and the possible savings of using various providers.

 
 

Will the US dollar 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 US dollar vs Mexican peso current value is to look the USD/MXN historic rate and change over a range of periods.

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

DateUSD/MXNChangePeriod
02 Jul 2026
17.48
0.5% ▼2 Week
17 Apr 2026
17.31
0.5% ▲3 Month
16 Jul 2025
18.72
7.1% ▼1 Year
17 Jul 2021
19.89
12.6% ▼5 Year
18 Jul 2016
18.43
5.6% ▼10 Year
21 Jul 2006
10.89
59.7% ▲20 Year
USD/MXN historic rates & change to 16-Jul-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 USD/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