The Mexican Peso was changing hands around $19.30, a level not seen since March 2020 and up over 5% since the beginning of 2022, as an aggressive tightening from the central bank fuelled bets in the currency. The Bank of Mexico hiked its benchmark interest rate by 75 bps to 9.25% in September, adding to the 525 bps increases seen since its tightening path began in June 2021, as inflation in Mexico stands at a 21-year high of 8.7%. Central bank board members stated that inflation risks remain on the upside while forecasting that annual price growth to be at 8.6% by the end of the year. On the dollar side, a softer-than-expected US CPI report reinforced the case for a modest 50 bps hike in December while spooking investors away from the greenback.

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 November of 2022.

The Mexican Peso is expected to trade at 19.65 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 20.64 in 12 months time.

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Mexican Peso


Majors Price Day Year
EURUSD 1.0334 0.0012 0.12% -8.71%
GBPUSD 1.1956 0.0014 0.12% -9.96%
AUDUSD 0.6727 0.0054 0.81% -5.36%
NZDUSD 0.6252 0.0054 0.87% -8.22%
USDJPY 139.0410 0.3000 0.22% 23.19%
USDCNY 7.0782 -0.0647 -0.91% 11.09%
USDCHF 0.9502 -0.0036 -0.37% 3.22%
USDCAD 1.3538 -0.0041 -0.30% 5.68%
USDMXN 19.3428 0.1268 0.66% -9.91%
USDINR 81.4070 -0.2090 -0.26% 8.54%
USDBRL 5.2057 -0.0638 -1.21% -8.60%
USDRUB 60.0250 -0.8050 -1.32% -19.13%
USDKRW 1,317.4300 -7.9300 -0.60% 11.94%
USDTRY 18.6333 -0.0199 -0.11% 40.49%
DXY 106.6613 -0.1608 -0.15% 11.07%
USDSEK 10.5810 0.0074 0.07% 16.48%
USDPLN 4.5116 -0.0106 -0.23% 10.49%
USDNOK 9.9186 -0.0934 -0.93% 9.09%
USDZAR 17.0296 0.0346 0.20% 6.24%
USDDKK 7.1883 -0.0106 -0.15% 9.43%
USDSGD 1.3655 -0.0083 -0.60% 0.05%
USDILS 3.4414 0.0057 0.17% 8.90%
USDHKD 7.8069 -0.0034 -0.04% 0.18%
USDCLP 889.5000 -10.6000 -1.18% 6.08%
USDPKR 224.5000 0.2500 0.11% 28.30%
USDCZK 23.5282 -0.0318 -0.13% 4.59%
USDHUF 395.3210 2.7910 0.71% 23.45%
Crosses Price Day Year
USDMXN 19.3428 0.1268 0.66% -9.91%
EURMXN 20.0047 0.1657 0.84% -17.68%
GBPMXN 23.1370 0.1681 0.73% -18.80%
AUDMXN 12.9174 0.0944 0.74% -15.48%
NZDMXN 12.0721 0.1620 1.36% -17.46%
MXNJPY 7.1840 -0.0202 -0.28% 36.90%
MXNCNY 0.3655 -0.0062 -1.67% 23.16%
MXNCHF 0.0492 -0.0005 -0.96% 14.64%
MXNCAD 0.0699 -0.0007 -1.01% 17.23%
MXNARS 8.6328 -0.0558 -0.64% 83.45%
MXNBRL 0.2716 -0.0027 -0.97% 3.57%
MXNCZK 1.2189 -0.0072 -0.58% 16.33%
MXNDKK 0.3725 -0.0021 -0.56% 21.76%
MXNHUF 20.5062 0.0790 0.39% 37.48%
MXNIDR 811.3053 -7.8038 -0.95% 21.52%
MXNINR 4.1982 -0.0491 -1.16% 20.17%
MXNKRW 67.9469 -1.0247 -1.49% 23.22%
MXNMYR 0.2292 -0.0053 -2.24% 16.66%
MXNRUB 3.1295 -0.0361 -1.14% -9.48%


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
19.38 19.22 25.78 0.01 1972 - 2022 Daily