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    For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in the United States and globally.

    BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.

    We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.

     


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    We compare exchange rates from popular financial institutions in Mexico.

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    Mexican peso Market Update

    BestExchangeRates.com keeps you up-to-date on Mexican peso forecasts by collating the views of reliable FX forecasters and economists together with recent 90-day MXN price data. 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.

     

    According to market view and forecasts from FX analysts, the Mexican peso (MXN) is expected to experience some volatility in the coming months. Economists suggest that the Central Bank of Mexico (Banxico) may begin to ease its monetary stance, resulting in a decline in interest rates by Q1 2024. The MXN is forecasted to trade range-bound around 18-19 MXN/USD, with the bulk of the foreign exchange (FX) volatility expected in Q2 2024 due to the upcoming presidential elections. It is anticipated that the elections could push the MXN towards the upper end of this range.

    Major banks such as Deutsche Bank, Commerce Bank, BBVA, Citibanamex, and BofA view the MXN as relatively expensive and expect limited depreciation in 2024, with a projected range of 17 to 19.50 USD/MXN. This suggests that while the MXN may experience some fluctuations, it is not expected to depreciate significantly against the USD.

     
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    Mexican peso Currency News & Guides

     

    Popular Cross Rates

     
    AUDCADGBPSGDUSDJPYINR
    AUD-0.9000
    AUD to CAD
    90-DAY HIGH2d
    AUDCAD Latest
      
    0.5250
    AUD to GBP
    14-DAY HIGH
    1-DAY +0.8%
    AUDGBP Latest
    0.8891
    AUD to SGD
    90-DAY HIGH
    1-DAY +0.9%
    AUDSGD Latest
    0.6667
    AUD to USD
    90-DAY HIGH
    1-DAY +1.0%
    AUDUSD Latest
    97.89
    AUD to JPY
    90-DAY HIGH5d
    AUDJPY Latest
      
    55.50
    AUD to INR
    90-DAY HIGH
    1-DAY +0.9%
    AUDINR Latest
    CAD1.1111
    CAD to AUD
    90-DAY LOW2d
    CADAUD Latest
      
    -0.5833
    CAD to GBP
    14-DAY HIGH
    1-DAY +0.8%
    CADGBP Latest
    0.9879
    CAD to SGD
    14-DAY HIGH
    1-DAY +0.8%
    CADSGD Latest
    0.7408
    CAD to USD
    30-DAY HIGH
    CADUSD Latest
    108.76
    CAD to JPY
    14-DAY HIGH
    1-DAY +1.1%
    CADJPY Latest
    61.67
    CAD to INR
    60-DAY HIGH
    CADINR Latest
    GBP1.9048
    GBP to AUD
    14-DAY LOW
    1-DAY -0.8%
    GBPAUD Latest
    1.7143
    GBP to CAD
    14-DAY LOW
    1-DAY -0.8%
    -1.6935
    GBP to SGD
    60-DAY HIGH
    GBPSGD Latest
    1.2699
    GBP to USD
    60-DAY HIGH
    GBPUSD Latest
    186.45
    GBP to JPY
    90-DAY HIGH5d
    GBPJPY Latest
      
    105.72
    GBP to INR
    90-DAY HIGH
    1-DAY +0.8%2d
    GBPINR Latest
    SGD1.1247
    SGD to AUD
    90-DAY LOW
    1-DAY -0.9%
    SGDAUD Latest
    1.0123
    SGD to CAD
    14-DAY LOW
    1-DAY -0.8%
    SGDCAD Latest
    0.5905
    SGD to GBP
    60-DAY LOW
    SGDGBP Latest
    -0.7499
    SGD to USD
    90-DAY HIGH2d
    SGDUSD Latest
      
    110.10
    SGD to JPY
    30-DAY LOW
    SGDJPY Latest
    62.43
    SGD to INR
    90-DAY HIGH2d
    SGDINR Latest
      
    USD1.4999
    USD to AUD
    90-DAY LOW
    1-DAY -1.0%
    USDAUD Latest
    1.3500
    USD to CAD
    30-DAY LOW
    USDCAD Latest
    0.7875
    USD to GBP
    60-DAY LOW
    USDGBP Latest
    1.3336
    USD to SGD
    90-DAY LOW2d
    USDSGD Latest
      
    -146.83
    USD to JPY
    60-DAY LOW
    1-DAY -0.9%
    USDJPY Latest
    83.25
    USD to INR
    14-DAY LOW
    USDINR Latest
     

    Recent trends: HIGHLOWUPDOWN