The Mexican peso was changing hands around $19, the strongest since February 2020, as an aggressive tightening from the central bank continued. The Bank of Mexico hiked its benchmark interest rate by 50 bps to record 10.5% in December, adding to the 675 bps increases seen since its tightening path began in June 2021. The Mexican peso had its best yearly performance since 2017 and was one of the top-performing emerging market currencies in 2022. However, as 2023 rolled out, analysts were less optimistic about this outperformance, with an expected end to the Bank of Mexico's rate hikes cycle and an economic downturn in the US, the country's top trading partners, likely to put pressure on the currency.

Historically, the Mexican Peso reached an all time high of 25.78 in April of 2020. Mexican Peso - data, forecasts, historical chart - was last updated on February of 2023.

The Mexican Peso is expected to trade at 18.71 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 19.70 in 12 months time.

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Mexican Peso


Majors Price Day Year
EURUSD 1.0546 -0.0049 -0.46% -6.40%
GBPUSD 1.1944 -0.0069 -0.57% -10.90%
AUDUSD 0.6725 -0.0082 -1.20% -7.01%
NZDUSD 0.6160 -0.0066 -1.06% -8.63%
USDJPY 136.4600 1.7600 1.31% 18.09%
USDCNY 6.9801 0.0628 0.91% 10.64%
USDCHF 0.9408 0.0070 0.75% 1.65%
USDCAD 1.3609 0.0062 0.46% 7.16%
USDMXN 18.3910 0.0310 0.17% -9.55%
USDINR 82.8973 0.3073 0.37% 10.44%
USDBRL 5.2100 0.0727 1.42% 0.92%
USDRUB 76.0000 0.2795 0.37% -9.41%
USDKRW 1,314.4500 16.5600 1.28% 9.76%
USDTRY 18.8644 -0.0077 -0.04% 36.50%
DXY 105.2140 0.6160 0.59% 8.90%
USDSEK 10.4965 0.0639 0.61% 11.83%
USDPLN 4.4735 0.0155 0.35% 9.41%
USDNOK 10.3882 0.0832 0.81% 17.78%
USDZAR 18.4230 0.2054 1.13% 21.70%
USDDKK 7.0584 0.0318 0.45% 6.93%
USDSGD 1.3495 0.0070 0.52% -0.27%
USDILS 3.6640 0.0380 1.05% 13.81%
USDHKD 7.8486 0.0018 0.02% 0.52%
USDCLP 826.0000 18.6000 2.30% 3.12%
USDPKR 259.7000 -2.8000 -1.07% 46.89%
USDCZK 22.3920 0.0940 0.42% 2.18%
USDHUF 360.0800 0.8700 0.24% 11.34%
Crosses Price Day Year
USDMXN 18.3910 0.0310 0.17% -9.55%
EURMXN 19.3715 -0.0707 -0.36% -15.40%
GBPMXN 21.9607 -0.0952 -0.43% -19.33%
AUDMXN 12.3804 -0.1172 -0.94% -16.03%
NZDMXN 11.3474 -0.0836 -0.73% -17.23%
MXNJPY 7.4157 0.0927 1.27% 30.89%
MXNCNY 0.3792 0.0025 0.66% 22.23%
MXNCHF 0.0511 0.0002 0.49% 12.29%
MXNCAD 0.0739 0.0001 0.18% 18.35%
MXNARS 10.6256 -0.0122 -0.11% 103.73%
MXNBRL 0.2831 0.0033 1.17% 13.76%
MXNCZK 1.2175 0.0030 0.25% 12.97%
MXNDKK 0.3834 0.0007 0.18% 18.10%
MXNHUF 19.5721 0.0073 0.04% 23.06%
MXNIDR 826.2803 -0.7894 -0.10% 18.29%
MXNINR 4.5044 0.0060 0.13% 22.02%
MXNKRW 71.3950 0.7039 1.00% 21.87%
MXNMYR 0.2406 -0.0008 -0.31% 16.52%
MXNRUB 4.1291 0.0049 0.12% 0.07%


Mexican Peso
The USDMXN spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the MXN. While the USDMXN spot exchange rate is quoted and exchanged in the same day, the USDMXN forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
18.39 18.36 25.78 0.01 1972 - 2023 Daily