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    USD to MXN Forecasts

    Analysis of recent US dollar to peso forecasts. We collate forecasts from respected FX analysts together with the latest USD to MXN performance and trends.


    What are USD to MXN forecasts?

    According to recent market updates, the USD to MXN exchange rate has been trading in a volatile range, and currently stands at 1.4% below its 3-month average. The value of the MXN is linked to the oil market and US interest rates as Mexico holds large levels of dollar-denominated debt, which becomes harder to repay when US rates go up. However, the Mexican economy has been resilient in the face of the pandemic, with strong cash remittances from immigrant workers in the US helping to stimulate domestic demand and contribute to economic growth.

    Looking ahead, FX analysts expect the US dollar to continue to firm up as increasing Sino-American tensions boost the safe-haven currency's appeal. However, the PMIs from S&P Global could dampen USD demand if they reveal weaker services readings and factory activities to stall. Economists have also warned that the US dollar's strength over the past year is expected to reverse in 2023 as the Fed's interest rate hikes cycle ends. Therefore, with a potential weakening of the USD in the future, it could lead to an appreciation of the MXN. However, as uncertainty increases, traders tend to move quickly out of emerging market currencies such as the MXN first before looking for safe havens.

    Rate Calculator - 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.

    This exchange rate calculator makes it easy to compare the Total Cost you are being charged on US dollar to peso currency rates and the possible savings of using various providers.


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    USD to MXN Market Data

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

    1 USD =
    17.63We compare provider deals to this wholesale mid-market rate. Read more
    USD to MXN at 17.63 is 2.5% below its 3-month average of 18.09, having traded in a fairly volatile 8.8% range from 17.44 to 18.97
    Sell USD   →   Buy MXN
    Track Rate

    12 May 2023
    0.2% 2 Week
    25 Feb 2023
    4.1% 3 Month
    26 May 2022
    10.8% 1 Year
    27 May 2018
    9.8% 5 Year
    28 May 2013
    40.1% 10 Year
    31 May 2003
    71% 20 Year
    USD/MXN historic rates & change to 26-May-2023

    Will the US 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 USD/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.


    Related exchange rate forecasts


    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