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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

     

    Based on recent exchange rate forecasts and currency market updates, FX analysts are closely monitoring the USD to MXN exchange rate. The US dollar has shown strength due to higher-than-expected inflation rates, leading to a surge in value against major currencies. The robust US economic performance and expectations of higher yields have prompted some analysts to revise their shorter-term dollar forecasts higher. This could potentially lead to further gains for the USD against the Mexican peso in the near term.

    On the other hand, the Mexican peso has been performing well, delivering significant returns against the US dollar and other currencies year-to-date. The peso's fortunes are influenced by various factors, including its connection to the oil market, cash remittances, and US interest rates. Uncertainty in global markets can lead to quick movements out of emerging market currencies like the peso. Despite recent fluctuations, the peso remains relatively strong, and Banxico's ability to implement consistent rate cuts may further support its value in the future.

    With the USD to MXN currently trading at 16.44, 2.7% below its 3-month average, the exchange rate has remained relatively stable within a narrow range. Traders will be watching closely for any developments in US economic data, Federal Reserve announcements, and geopolitical events that could impact the trajectory of the USD/MXN exchange rate.

     
    @bestfxrates : USD to MXN update: Strong US economy & inflation keep Fed rate cut hopes at bay, bolstering USD. MXN shows resilience amid rate cut prospects, but election jitters may sway peso. USD/MXN trades 2.7% below 3-mo avg. Market eyes potential fluctuations, stay tuned for econ data. #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 =
    16.68We compare provider deals to this wholesale mid-market rate. Read more
    MXN
    +0.0%
    3M
    USD to MXN at 16.44 is 2.7% below its 3-month average of 16.9, having traded in a relatively stable 6.1% range from 16.32 to 17.32
    |
    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
    28 Mar 2024
    16.61
    1% 2 Week
    12 Jan 2024
    16.87
    2.5% 3 Month
    12 Apr 2023
    18.07
    9% 1 Year
    13 Apr 2019
    18.76
    12.4% 5 Year
    14 Apr 2014
    13.03
    26.2% 10 Year
    16 Apr 2004
    11.26
    46% 20 Year
    USD/MXN historic rates & change to 11-Apr-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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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

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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