Exchange Rate
16.9598
Daily Change
-0.0299 -0.18%
Monthly
-0.58%
Yearly
-7.89%
Q3 Forecast
16.8572
Mexican Peso - Summary

The Mexican peso strengthened to around 16.91 per US dollar in September, reaching its highest level since May 2024. US nonfarm payrolls increased by 162,000 last month, well above market expectations for a 56,000 gain. The figures point to continued strength in the US labor market, which is positive for Mexican exports and the economy given the close trade relationship between the two countries. The trade war between the US and Canada, along with trade tensions involving other countries, has positioned Mexico relatively favorably in trade terms, despite the country also being affected by tariffs. Also, Mexico’s gross fixed investment rose 7.7% year-on-year in June, beating expectations for a 4.8% expansion. However, while the strong US jobs data supports economic stability, it boosted expectations for a September Fed rate hike, which would support the dollar and narrow the US-Mexico interest-rate differential.

Mexican Peso - Stats

The USD/MXN exchange rate fell to 16.9625 on September 11, 2026, down 0.16% from the previous session. Over the past month, the Mexican Peso has strengthened 0.57%, and is up by 7.87% 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 September 11 of 2026.

Mexican Peso - Forecast

The USD/MXN exchange rate fell to 16.9625 on September 11, 2026, down 0.16% from the previous session. Over the past month, the Mexican Peso has strengthened 0.57%, and is up by 7.87% over the last 12 months. The Mexican Peso is expected to trade at 16.86 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 16.46 in 12 months time.



Crosses Price Day Year Date
USDMXN 16.9598 -0.0299 -0.18% -7.89% Sep/11
EURMXN 19.6838 -0.0440 -0.22% -8.64% Sep/11
GBPMXN 22.9329 -0.0246 -0.11% -7.82% Sep/11
AUDMXN 12.1768 0.0164 0.14% -0.31% Sep/11
NZDMXN 9.8842 0.0353 0.36% -10.45% Sep/11
MXNJPY 9.0454 -0.0430 -0.47% 13.68% Sep/11
MXNCNY 0.3952 0.000004 0.001% 2.59% Sep/11
MXNCHF 0.0480 0.0002 0.37% 11.40% Sep/11
MXNCAD 0.0816 0.0002 0.25% 8.95% Sep/11
MXNARS 89.1049 0.0647 0.07% 14.81% Sep/11
MXNCZK 1.2324 0.0031 0.25% 9.66% Sep/11
MXNDKK 0.3798 0.0009 0.23% 10.25% Sep/11
MXNHUF 18.4972 -0.0341 -0.18% 2.39% Sep/11
MXNIDR 1,036.9140 1.2277 0.12% 16.61% Sep/11
MXNINR 5.6295 -0.0029 -0.05% 17.77% Sep/11
MXNKRW 79.0850 -0.3749 -0.47% 5.09% Sep/11
MXNMYR 0.2398 0.0005 0.20% 4.89% Sep/11
MXNRUB 4.9684 0.0272 0.55% 8.58% Sep/11
MXNBRL 0.3004 -0.0020 -0.65% 2.91% Sep/10
 Currencies
 MXN...
 ...MXN



Related Last Previous Unit Reference
United States Inflation Rate 3.40 3.40 percent Aug 2026
Mexico Inflation Rate 3.26 3.12 percent Aug 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Aug 2026
Mexico Interest Rate 6.50 6.50 percent Aug 2026
United States Unemployment Rate 4.10 4.10 percent Aug 2026
Mexico Unemployment Rate 2.90 2.90 percent Jul 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
16.96 16.99 25.78 0.01 1972 - 2026 Daily

News Stream
Mexican Peso Hits Highest Level Since 2024
The Mexican peso strengthened to around 16.91 per US dollar in September, reaching its highest level since May 2024. US nonfarm payrolls increased by 162,000 last month, well above market expectations for a 56,000 gain. The figures point to continued strength in the US labor market, which is positive for Mexican exports and the economy given the close trade relationship between the two countries. The trade war between the US and Canada, along with trade tensions involving other countries, has positioned Mexico relatively favorably in trade terms, despite the country also being affected by tariffs. Also, Mexico’s gross fixed investment rose 7.7% year-on-year in June, beating expectations for a 4.8% expansion. However, while the strong US jobs data supports economic stability, it boosted expectations for a September Fed rate hike, which would support the dollar and narrow the US-Mexico interest-rate differential.
2026-09-04
Mexican Peso Hits 27-month High
The Mexican Peso touched 16.89 against the USD, the highest since May 2024. Over the past 4 weeks, US Dollar Mexican Peso lost 2.02%, and in the last 12 months, it decreased 9.58%.
2026-09-04
Mexican Peso Weakens as Fed Hike Bets Rise
The Mexican peso weakened to around 17.04 per US dollar from the more than two-year low of 16.91 touched on August 21, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as its inflation gauge, using firmer rhetoric than earlier suggestions that a newly created task force could shift the central bank’s preferred measure. Rate futures subsequently shifted toward pricing a potential Fed rate hike next month, pushing US Treasury yields higher and weighing on emerging-market currencies such as the peso. A Fed hike could narrow the US-Mexico rate differential and reduce the appeal of Mexican assets. Meanwhile, the Bank of Mexico is expected to keep its benchmark rate at 6.5% in the near term, as inflationary risks from elevated energy prices are balanced by signs of improving economic activity.
2026-08-28