The Mexican peso weakened past 17.2 per, easing from mid-2024 highs as fresh protectionist trade measures in the US and a deteriorating formal labor market eroded the currency yield advantage. The US invoked Section 122 to impose a 15% global import surcharge following a February 20 Supreme Court ruling that struck down previous emergency duties. Demand for the peso softened as January 2026 data revealed a net loss of 8100 formal jobs marking the worst start to a year since 2014. While the unemployment rate held at 2.7% in January 2026 business confidence remained in pessimistic territory for the eleventh consecutive month as manufacturing contracted. Supply of the peso grew against a resilient US dollar supported by hawkish signals from the Federal Reserve amid sticky 3% core PCE inflation. Banxico maintained interest rates at 7% in February 2026 but warned that trade surcharges delayed the expected return to a 3% inflation target until mid 2027.

The USD/MXN exchange rate rose to 17.2219 on February 27, 2026, up 0.21% from the previous session. Over the past month, the Mexican Peso has weakened 0.17%, but it's up by 16.18% over the last 12 months. Historically, the USDMXN reached an all time high of 25.78 in April of 2020. Mexican Peso - data, forecasts, historical chart - was last updated on March 1 of 2026.

The USD/MXN exchange rate rose to 17.2219 on February 27, 2026, up 0.21% from the previous session. Over the past month, the Mexican Peso has weakened 0.17%, but it's up by 16.18% over the last 12 months. The Mexican Peso is expected to trade at 17.19 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 16.76 in 12 months time.



Crosses Price Day Year Date
MXNJPY 8.9938 -0.0170 -0.19% 24.48% Mar/01
USDMXN 17.2328 0.0353 0.21% -16.13% Feb/27
EURMXN 20.3503 0.0627 0.31% -4.58% Feb/27
GBPMXN 23.2506 0.0184 0.08% -9.98% Feb/27
AUDMXN 12.2597 0.0407 0.33% -3.80% Feb/27
NZDMXN 10.3346 0.0488 0.47% -10.18% Feb/27
MXNCNY 0.3982 0.0002 0.04% 12.16% Feb/27
MXNCHF 0.0446 -0.0004 -0.91% 1.51% Feb/27
MXNCAD 0.0792 -0.0004 -0.47% 12.54% Feb/27
MXNARS 81.0637 -0.8303 -1.01% 56.57% Feb/27
MXNBRL 0.2975 -0.0012 -0.40% 3.85% Feb/27
MXNCZK 1.1901 -0.0049 -0.41% 1.27% Feb/27
MXNDKK 0.3671 -0.0012 -0.33% 5.03% Feb/27
MXNHUF 18.4994 -0.0391 -0.21% -2.88% Feb/27
MXNIDR 974.7893 0.2268 0.02% 21.15% Feb/27
MXNINR 5.2826 -0.0085 -0.16% 24.08% Feb/27
MXNKRW 83.5916 0.2898 0.35% 17.49% Feb/27
MXNMYR 0.2262 0.0003 0.15% 4.15% Feb/27
MXNRUB 4.4862 0.0160 0.36% 3.13% Feb/27
 Currencies
 MXN...
 ...MXN



Related Last Previous Unit Reference
United States Inflation Rate 2.40 2.70 percent Jan 2026
Mexico Inflation Rate 3.79 3.69 percent Jan 2026
Mexico Interest Rate 7.00 7.00 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jan 2026
Mexico Unemployment Rate 2.70 2.40 percent Jan 2026
United States Unemployment Rate 4.30 4.40 percent Jan 2026

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
17.22 17.20 25.78 0.01 1972 - 2026 Daily

News Stream
Mexican Peso Loses Ground
The Mexican peso weakened past 17.2 per, easing from mid-2024 highs as fresh protectionist trade measures in the US and a deteriorating formal labor market eroded the currency yield advantage. The US invoked Section 122 to impose a 15% global import surcharge following a February 20 Supreme Court ruling that struck down previous emergency duties. Demand for the peso softened as January 2026 data revealed a net loss of 8100 formal jobs marking the worst start to a year since 2014. While the unemployment rate held at 2.7% in January 2026 business confidence remained in pessimistic territory for the eleventh consecutive month as manufacturing contracted. Supply of the peso grew against a resilient US dollar supported by hawkish signals from the Federal Reserve amid sticky 3% core PCE inflation. Banxico maintained interest rates at 7% in February 2026 but warned that trade surcharges delayed the expected return to a 3% inflation target until mid 2027.
2026-02-26
Mexican Peso Loses Ground
The Mexican peso weakened past 17.2 per US dollar, retreating from its mid-2024 peak as investors digested President Trump's move to impose a new 15% global tariff under Section 122 and the latest economic growth figures. This trade policy pivot re-established a major headwind for Mexico's export-heavy economy, cooling the relief rally sparked by the court's decision to invalidate previous emergency duties. The currency also faced pressure from a resilient US dollar, supported by hawkish signals from incoming Fed Chair Warsh and sticky core PCE inflation of 3%, narrowing the appeal of the pesos yield advantage. Despite a revised Q4 GDP print showing a strong 0.9% expansion in Mexico's industrial and service sectors, the prospect of renewed 150-day trade surcharges weighed on growth. Banxico remains under scrutiny as policymakers weigh inflationary risks of these fresh protectionist measures against a slowing global demand profile.
2026-02-23
Mexican Peso Hovers Around mid-2024 Highs
The Mexican peso strengthened past 17.15 per US dollar, to test its highest level since mid-2024 as investors cheered a US Supreme Court ruling that struck down President Trump's global tariffs. The court decision to invalidate broad emergency duties removed a major headwind for Mexico's export-heavy economy and fueled a sharp relief rally. This legal setback for the White House overshadowed a mixed US macro backdrop where soft Q4 GDP growth of 1.4% was contrasted by sticky core PCE inflation of 3% to keep the Fed's rate path uncertain. Despite ongoing geopolitical tensions in the Middle East the peso benefited from improved trade sentiment and narrowing risks of supply chain disruptions. Banxico remains in focus as traders assess whether domestic rate differentials will continue to support the currency while global trade uncertainty recedes following the landmark ruling. The currency is now on track for its best weekly performance in months.
2026-02-20