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Mexican peso Markets

MXN Currency Update - Our review of Mexican peso forecasts and news plus charts and historic rates. Check MXN Trends over various time periods.

 

Outlook

The peso remains supported by Banxico’s 7% policy rate, nearshoring investment, and higher oil prices, but uncertainty around annual USMCA reviews adds a headwind. In the near term, expect range-bound trading with a mild bias to strength if oil and investment momentum hold, but gains could be capped by renewed trade-policy uncertainty.

Key drivers

  • Bank of America projects USMCA continuity with annual reviews, introducing uncertainty for energy-sector investment. (US trade framework)
  • Banxico holds at 7%, creating an attractive yield differential (the gap between Mexican and other rates) that draws non-resident peso inflows. (monetary policy stance)
  • Nearshoring and foreign investment—e.g., Heineken's $2.75 billion brewery in Yucatán and Unilever’s $1.5 billion expansion—support the peso. (nearshoring)
  • Oil prices and commodity strength bolster Mexico’s fiscal and trade accounts, lending support to the peso. (commodity/energy link)

Range

MXN to USD is at 90-day highs near 0.058279, 5.2% above its 3-month average of 0.055395, having traded in a fairly volatile 8.9% range from 0.053496 to 0.058279. MXN to EUR at 0.048654 is 2.5% above its 3-month average of 0.047468, having traded in a quite stable 5.3% range from 0.046468 to 0.048915. MXN to GBP at 0.042158 is 1.6% above its 3-month average of 0.041495, having traded in a quite stable 4.1% range from 0.040926 to 0.042584. MXN to JPY at 8.9189 is 3.3% above its 3-month average of 8.6381, having traded in a quite volatile 10.4% range from 8.2185 to 9.0702.

What could change it

  • A shift in USMCA terms via annual reviews or new policy changes could alter trade dynamics and peso demand.
  • Banxico policy surprises (rate cuts or hikes) could widen or close the yield differential and shift flows.
  • A significant move in oil prices or broader commodity markets could strengthen or weaken the peso’s fundamentals.
  • Changes in US macro data or Federal Reserve signaling could influence USD strength and MXN sentiment.
 

US dollar to Mexican peso - USD/MXN Trend

 
USD to MXN at 17.17 is 4.9% below its 3-month average of 18.06, having traded in a fairly volatile 8.9% range from 17.16 to 18.69
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1 USD =
17.25We compare provider deals to this wholesale mid-market rate. Read more
MXN
 
1d+0.1%
90dLows
 
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Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

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Top MXN Rates


Mexican peso to US dollar
MXNUSD 90 day chart
MXN to USD
0.057977
1d0.0%
90dHighs

Mexican peso to Euro
MXNEUR 90 day chart
MXN to EUR
0.048497
1d+0.4%
 

Mexican peso to Canadian dollar
MXNCAD 90 day chart
MXN to CAD
0.078364
1d−0.3%
90dHighs

Mexican peso to British pound
MXN to GBP
0.042023
1d+0.1%
 

Mexican peso to Indian rupee
MXNINR 90 day chart
MXN to INR
5.3284
1d+0.6%
90dHighs

Mexican peso to Japanese yen
MXN to JPY
8.8665
1d+0.5%
 

Mexican peso to Australian dollar
MXN to AUD
0.082605
1d−0.4%
 

Mexican peso to Singapore dollar
MXN to SGD
0.073337
1d+0.1%
90dHighs

Mexican peso to Chinese yuan
MXNCNY 90 day chart
MXN to CNY
0.4029
1d−0.2%
90dHighs