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    USD to MXN 2024 Forecasts

    Analysis of recent Dollar → Peso forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Mexican peso performance and trends.

     

    Forecasts for USD to MXN

     

    According to recent exchange rate forecasts and currency market updates, the USD is expected to maintain its strength against the MXN in the near term, despite some potential headwinds. The safe-haven status of the US dollar continues to support its value amid uncertain global trading conditions, although a lack of fresh US data and lower Treasury bond yields could limit its upward momentum. Key drivers such as the Federal Reserve's stance on interest rates and the strong US economy are likely to keep the USD resilient against the MXN.

    On the other hand, the Mexican peso has been performing well, appreciating against major currencies including the USD and the yen. The peso's strong performance has been driven by factors such as high returns and expectations of rate cuts by Banxico. However, uncertainty surrounding the upcoming elections in Mexico could lead to market volatility and potentially impact the peso's value. Despite the peso's recent strength, risks associated with the oil market, US interest rates, and cash remittances from the US could influence its future trajectory against the USD.

    Based on the recent USD to MXN price data showing the exchange rate at 18.16, which is 3.2% above its 3-month average of 17.59, it is evident that the USD has appreciated against the MXN in a volatile trading range. FX analysts anticipate that ongoing market dynamics and economic factors will continue to shape the USD-MXN exchange rate in the coming days.

     
    @bestfxrates : USD maintains strength vs. MXN with current rate at 18.16, +3.2% above the 3-mth avg. Safe-haven appeal & robust US economy support USD. MXN gains on high returns & rate cut expectations, but upcoming elections add volatility. Market views hinge on Fed rates & oil market risks. #USDMXN #Forex

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    USD to MXN Market Data

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

     
    1 USD =
    18.44We compare provider deals to this wholesale mid-market rate. Read more
    MXN
    +1.2%
    2W
    USD to MXN is at 14-day highs near 18.36, 4.3% above its 3-month average of 17.6, having traded in a rather volatile 13.2% range from 16.56 to 18.74
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    Sell USD   →   Buy MXN
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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.

     
    DateUSD/MXNChangePeriod
    10 Jul 2024
    17.84
    2.9% 2 Week
    25 Apr 2024
    17.20
    6.7% 3 Month
    25 Jul 2023
    16.94
    8.4% 1 Year
    26 Jul 2019
    19.04
    3.6% 5 Year
    27 Jul 2014
    12.95
    41.8% 10 Year
    29 Jul 2004
    11.43
    60.6% 20 Year
    USD/MXN historic rates & change to 24-Jul-2024
     

    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 Rate Tracker to track and benefit from currency movements.

     
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    Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.

     
     

    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