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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

08 Jul 2026 • 00:25 GMT

USD/MXN 17.53

📊 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 close to 17.53, just above its 3-month average and within a narrow range. The pair remains supported by risk-off sentiment and safe-haven flows. Over the next few sessions, the pair may hold near current levels unless global risk appetite shifts. Near-term conditions suggest limited directional movement unless US economic data or Fed signals alter the outlook.

💸 Transfer implications

  • Expats: sending money to Mexico may find current levels relatively supportive for USD conversions.
  • Travellers: exchanging currency might encounter favorable rates compared to recent lows.
  • Businesses: paying invoices in MXN using USD could see less Favourable conditions if the pair continues to pressurize.

🧭 Key drivers

  • Rate gap: The US rate advantage is currently less pronounced, with the pair near recent highs and no clear yield gap expansion.
  • Risk/commodities: Risk-off sentiment continues to support USD and pressure risk-sensitive FX, including MXN.
  • Global factors: US Fed policy outlook remains influential, with US economic data shaping the dollar’s strength.

⚠️ What could change it

  • Upside risk: a stronger US dollar if Fed rate hikes materialize sooner than expected.
  • Downside risk: improved risk sentiment and a rally in global equities could weaken the USD against the peso.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

 

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 =
17.51We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d+0.8%▲
USD to MXN at 17.53 is just 0.9% above its 3-month average of 17.37, having traded in a very stable 2.6% range from 17.17 to 17.61
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  1 MXN = 0.057113 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
23 Jun 2026
17.56
1% ▼2 Week
08 Apr 2026
17.45
0.3% ▼3 Month
07 Jul 2025
18.65
6.8% ▼1 Year
08 Jul 2021
19.98
13% ▼5 Year
09 Jul 2016
18.55
6.3% ▼10 Year
12 Jul 2006
11.02
57.8% ▲20 Year
USD/MXN historic rates & change to 07-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.

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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