Mexican Peso to US Dollar
Convert MXN to USD with real-time updates. View historical trends and expert analysis for this currency pair.
MXN to USD Exchange Rate Overview
MXN to USD Price Chart
Visualize exchange rate movements over different time periods. Hover or tap on the chart to see detailed rate information.
MXN to USD Current Market Analysis
The MXN to USD pair has declined 0.54% this week as the US Dollar continues to assert its dominance in the global currency market. While Mexico's relatively high interest rates have historically supported the Peso, the current environment of sustained US rate hikes has shifted the balance. The pair is currently trading near its weekly lows, with the Peso struggling to gain traction despite positive domestic economic indicators. Market analysts note that the pair could test the 0.0540 support level if US economic data continues to outperform expectations.
7-Day and 30-Day Performance Review
Last 7 Days Performance
The Peso started the week at 0.0551 against the Dollar but quickly retreated as US manufacturing data surprised to the upside. A brief recovery to 0.0550 occurred on Tuesday following positive comments from Banxico officials about Mexico's economic outlook. However, the gains were short-lived as Wednesday's US ADP employment report exceeded forecasts, pushing the pair down to 0.0546. The week concluded with the Peso at 0.0548, marking its second consecutive weekly decline against the Greenback. Trading volume remained elevated throughout the week, indicating strong institutional interest in the pair.
Last 30 Days Performance
The 30-day chart reveals a gradual weakening of the Peso against the Dollar, moving from 0.0555 at the start of the month to the current 0.0548. The Peso found temporary support at 0.0540 mid-month when Mexico's trade balance data showed a surplus, but this was quickly overcome by Dollar strength following robust US GDP estimates. Notably, the pair has formed a descending channel over the past three weeks, with lower highs and lower lows suggesting continued Peso weakness. However, some analysts point out that the Peso remains one of the best-performing emerging market currencies year-to-date, which could limit further downside.
Factors Influencing MXN/USD
US Federal Reserve policy decisions have the strongest impact on this pair
Mexican economic indicators like inflation and GDP affect Peso valuation
Cross-border trade flows between the US and Mexico influence demand
Global risk sentiment drives capital flows between developed and emerging markets
Best Time to Exchange
The MXN to USD rate is most actively traded during the overlap of US and Mexican market hours (10:00 AM - 4:00 PM EST). The pair often experiences its largest moves on Tuesdays and Thursdays when key economic data from both countries is typically released.
Expert Conversion Tips
If you're converting Pesos to Dollars, consider the timing carefully as the pair tends to be more volatile during US economic releases. For regular remittances, setting up automatic conversions at favorable rate levels can help optimize your exchange. The Peso often strengthens during periods of high oil prices, so monitoring crude oil trends can provide useful insights.
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