The Mexican peso hit a 4-month low of 21.3 per USD at the end of the first week of March, as the dollar strengthened amid higher-than-expected US non-farm payrolls. Growing concerns over a slower vaccination campaign compared to other emerging markets, rising bond yields and news that new regulation in the electricity market will benefit the state-owned utilities company also pushed the peso down.
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 March of 2021.
The Mexican Peso is expected to trade at 21.25 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 21.71 in 12 months time.