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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

18 Jul 2026 • 00:24 GMT

USD/MXN 17.54

📊 Forecast snapshot

  • Near-term bias: 🟢 Mild upside
  • Expected range: 17.5400 – 17.9180
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: 🟢 Uptrend

Currently, USD/MXN is trading close to 17.54, above its 3-month average of 17.38. This move is supported by risk-off sentiment, with geopolitical tensions in the Middle East boosting safe-haven demand for USD. Over the next few sessions, the pair may remain supported around these levels as safe-haven flows persist, keeping the exchange rate under upward pressure.

💸 Transfer implications

  • Expats: sending money to Mexico may find current rates slightly more favourable than recent levels.
  • Travellers: exchanging cash might see US Dollars buy more Mexican Pesos if the pair continues to trade close to recent highs.
  • Businesses: paying Mexican invoices in Pesos using USD could face higher costs if USD strength persists.

🧭 Key drivers

  • Rate gap: The US Federal Reserve’s cautious stance on rate hikes supports a wider US Peso yield gap, favoring USD.
  • Risk/commodities: Global risk-off conditions, driven by geopolitical tensions, reinforce USD demand.
  • Global factors: Worsening risk sentiment and safe-haven flows support USD rallying.

⚠️ What could change it

  • Upside risk: Clear signs of risk-off conditions worsening, boosting USD demand further.
  • Downside risk: An unexpected easing of geopolitical tensions or a surprise Banxico rate cut could weaken USD support.

BER suggests comparing FX providers to find lower margins and help offset less favourable exchange conditions.

 

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 =
17.54We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d+0.7%▲
USD to MXN is at 7-day highs near 17.54, just 0.9% above its 3-month average of 17.38, having traded in a very stable 2.6% range from 17.17 to 17.61
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  1 MXN = 0.057011 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
03 Jul 2026
17.47
0.2% ▼2 Week
18 Apr 2026
17.31
0.8% ▲3 Month
17 Jul 2025
18.76
7% ▼1 Year
18 Jul 2021
19.92
12.4% ▼5 Year
19 Jul 2016
18.48
5.6% ▼10 Year
22 Jul 2006
10.90
60% ▲20 Year
USD/MXN historic rates & change to 17-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