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USD to MXN 2025 Forecasts

Analysis of recent dollar → peso forecasts for 2025. We collate forecasts from respected FX analysts together with the latest US dollar to Mexican peso performance and trends.

 

Recent forecasts regarding the USD to MXN exchange rate reflect a complex interplay of factors impacting both currencies. The US dollar has recently experienced fluctuations driven by optimism surrounding US-China trade discussions, as noted by market analysts. A statement from President Trump, expressing confidence in achieving a trade deal with China, temporarily buoyed the dollar. However, the ongoing government shutdown remains a significant hurdle, limiting the release of critical economic data that could influence USD dynamics in the near term.

Key market factors impacting the USD include expectations for inflation data and potential Federal Reserve policy adjustments. Analysts anticipate a notable 0.3% rise in core consumer prices, with outcomes potentially guiding future interest rate decisions—a critical element for the dollar’s valuation. Additionally, concerns regarding the transition of leadership within the Federal Reserve and the broader context of global dedollarization efforts further complicate the currency's outlook.

On the Mexican peso front, the peso has felt pressure primarily from the ongoing threat of tariffs, as seen with the recent 25% tariff imposed on Mexican imports by the US. Although the full implementation has faced delays, the mere possibility maintains a degree of volatility in the currency. The Bank of Mexico's decision to hold interest rates steady at 11.00% has added to the peso's weakening trend against the dollar, as a dovish stance indicates potential easing.

Despite these challenges, recent developments have contributed to some positive sentiment towards the peso, particularly in light of improved global risk appetite stemming from renewed negotiations between the US and China. In fact, the peso has previously approached a strengthening threshold against the dollar, although current data reflects the USD to MXN rate at 7-day lows near 18.37, which is notably 1.1% below its 3-month average of 18.57.

Looking ahead, market participants should closely monitor the outcomes of US inflation data and trade policy developments, as changes in these areas could significantly influence the USD to MXN exchange rate. The interplay of domestic economic conditions, international trade relations, and monetary policy will remain crucial for both currencies in the coming weeks.

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.

 
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MXN
1d−0.1%
USD to MXN is at 7-day lows near 18.37, 1.1% below its 3-month average of 18.57, having traded in a very stable 3.3% range from 18.29 to 18.90
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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
06 Oct 2025
18.34
0.1% 2 Week
22 Jul 2025
18.65
1.6% 3 Month
20 Oct 2024
19.86
7.6% 1 Year
21 Oct 2020
21.16
13.2% 5 Year
23 Oct 2015
16.59
10.7% 10 Year
25 Oct 2005
10.85
69.2% 20 Year
USD/MXN historic rates & change to 20-Oct-2025

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