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Latest Mexican peso Exchange Rates

 
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Read our Guides , Reviews , Mexican peso News and Forecasts

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Mexican peso market update

 

Outlook

The Mexican peso faces a mixed backdrop: growth remains modest but steady, while Banxico’s pause in easing preserves attractive real-yield differentials. Near-term prospects point to range-bound trading, with upside or downside contingent on US-Mexico policy developments, global risk appetite, and persistent inflation pressures at home. Markets will also weigh USMCA revisions slated for July 2026 and ongoing nearshoring investment flows that bolster Mexico’s manufacturing base.

Key drivers

  • Citi’s latest survey points to a median GDP growth of 1.3% for Mexico in 2026, with the peso seen trading around 19 per US dollar by year-end (growth and policy expectations underpin the FX path). (Citi)
  • Banxico has paused its easing cycle, keeping the policy rate at 7%, to guard against persistent core inflation. This stance helps maintain attractive real yield differentials (the interest rate advantage versus the US) that support the MXN. (Banxico)
  • USMCA revisions are expected during the July 2026 review, with potential annual evaluations that could introduce uncertainty for businesses, especially in energy sectors, and influence peso sentiment. (Bank of America source)
  • Nearshoring and foreign investment remain robust, with sizable FDI in manufacturing from global players like Heineken and Unilever underpinning Mexico’s growth and the peso. (Policy and investment news)

BestExchangeRates.com keeps you up-to-date on Mexican peso forecasts by collating the views of reliable FX forecasters and economists together with recent MXN price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.