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Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
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The Mexican peso (MXN) has recently experienced notable volatility as traders react to geopolitical developments involving the United States. Following comments made by Mexico's President Claudia Sheinbaum regarding potential retaliatory measures against the U.S. due to newly imposed tariffs, the peso initially weakened against the US dollar. However, it subsequently rebounded after U.S. Commerce Secretary Howard Lutnick hinted at a possible easing of tariffs, which has raised hopes for negotiations between the two nations.
In a significant move, President Trump agreed to delay the implementation of 25% tariffs on Mexico for one month after discussions with Sheinbaum. This decision came with Mexico's commitment to deploy 10,000 troops to the U.S. border to curb fentanyl trafficking and manage migration issues. This announcement propelled the peso to lead a rally among risk currencies, showcasing the market's optimism about the resolution of trade tensions.
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.
Recent popular articles from our research team
The US dollar has fallen to a three-year low, influenced by Trump policy back flips plus concerns over the Federal Reserve's independence. Analysts suggest a long-overdue correction due to overvaluation and trade tensions.
The Swiss franc has experienced a significant surge, reaching a decade-high against the U.S. dollar, following President Donald Trump's announcement of increased tariffs on Chinese imports. This development has intensified market volatility and heightened demand for safe-haven assets.
We compare the features, exchange rates and security of the three best multi-currency accounts available today — the Wise Account, the WorldFirst World Account, and the OFX Global Currency Account.
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