#EURMXN hits 23.01, +6.0% above 3M avg. EUR gains on German coalition deal despite Ukraine tensions. MXN rallying amid US tariff talks, but analysts warn volatility ahead as trade uncertainties persist
@bestfxrates
EUR to MXN Market Data
Euro (EUR) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell EUR →
Buy MXN
1 EUR
=
22.75We compare provider deals to this wholesale mid-market rate. Read more
MXN▼-0.2% since yesterday
EUR to MXN at 23.01 is 6.0% above its 3-month average of 21.71, having traded in a fairly volatile 9.8% range from 21.02 to 23.08
|Tracker
1 MXN =
0.043954 EUR
| Date | EUR/MXN | Change | Period |
|---|---|---|---|
01 Apr 2025 | 21.95 | 3.9% ▲ | 2 Week |
15 Jan 2025 | 21.06 | 8.3% ▲ | 3 Month |
15 Apr 2024 | 17.75 | 28.5% ▲ | 1 Year |
16 Apr 2020 | 25.81 | 11.7% ▼ | 5 Year |
18 Apr 2015 | 16.55 | 37.8% ▲ | 10 Year |
20 Apr 2005 | 14.47 | 57.6% ▲ | 20 Year |
What are equivalent amounts of EUR and MXN?
Here are some popular conversion amounts for EUR to MXN (Euro to Mexican peso)*.
| EUR | MXN |
|---|---|
| € 43.95 | Mex$ 1,000 |
| € 219.77 | Mex$ 5,000 |
| € 879.08 | Mex$ 20,000 |
| € 4,395 | Mex$ 100,000 |
More amounts
*Converted at the current EURMXN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for EUR to MXN
Recent forecasts for the EUR to MXN exchange rate indicate a complex interplay of geopolitical and economic factors influencing both currencies. Analysts note that the euro (EUR) found support this week from positive political developments in Germany, with the Christian Democratic Union (CDU) and Social Democratic Party (SPD) reaching a coalition agreement. This has fostered investor optimism, particularly in light of the negative correlation between the euro and the strengthening US dollar, which has been weakened by trade tensions initiated by the Trump administration.
Read our full review of recent EUR to MXN forecasts.
How to get a good EUR to MXN exchange rate
There are several ways to save on exchange rates when converting Euro to Mexican peso:
- Shop around for the best EUR/MXN exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the EUR/MXN rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR and MXN at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Mexican peso with Euro, then it's better for the EUR/MXN exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Mexico — a practical currency and money guide to travel in Mexico plus living and doing business with the Mexican peso.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the Euro 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 EUR/MXN to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
| Eurozone (EUR) | Mexico (MXN) |
Is Mexico a good place for Americans to retire to?
Mexico can be a good place for Americans to retire to, as it offers a lower cost of living and a warm climate in many areas. However, it is important to keep in mind that Mexico has its own unique culture and way of life, which may take some getting used to.
Additionally, it is important to be aware of the potential risks and hazards that can come with living in a foreign country, such as crime and political instability. It is also important to research the area you plan to retire to and understand the local laws and customs. Consulting with a financial advisor and attorney before making any decisions is also advisable.
Read more at our Mexico (MXN) country guide
Related exchange rates
Articles that mention the Mexican peso (MXN):
News2025-04-08
Mexican Peso Faces Uncertainty Amid U.S. Tariff Threats and Economic Policies
The Mexican peso's outlook for 2025 is clouded by potential U.S. tariffs and economic policies, with forecasts indicating possible depreciation against the U.S. dollar.
How the Weak US Dollar Can Impact International Business in 2025
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Further reading on the Mexican peso (MXN) - Guides, Reviews & News from our research team.
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
^ Scroll back up to ^
^