The MXN traded near 17.3 per USD in June following the Federal Reserve's latest policy announcement. The move reflected the hawkish tone of the FOMC's updated economic projections. In its first meeting under Chair Kevin Warsh, the Fed left interest rates unchanged, but the dot plot showed that at least nine members expect rate hikes this year. Markets are now increasingly pricing in a 25-basis-point increase before the end of 2026. Given the close link between Fed policy and Banxico, a more hawkish Fed could narrow the interest-rate differential after Mexico's central bank signaled it would pause its easing cycle. This has weighed on the peso by reducing the appeal of carry trades. Meanwhile, recent data showed that Mexico's economy contracted 0.6% quarter-on-quarter in the first quarter while expanding just 0.2% from a year earlier. Inflation also slowed more than expected in the first half of May, although it remained above the central bank's target, with annual CPI easing to 4.1%.

The USD/MXN exchange rate fell to 17.2346 on June 19, 2026, down 0.15% from the previous session. Over the past month, the Mexican Peso has strengthened 0.47%, and is up by 10.14% 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 June 21 of 2026.

The USD/MXN exchange rate fell to 17.2346 on June 19, 2026, down 0.15% from the previous session. Over the past month, the Mexican Peso has strengthened 0.47%, and is up by 10.14% over the last 12 months. The Mexican Peso is expected to trade at 17.33 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 16.89 in 12 months time.



Crosses Price Day Year Date
USDMXN 17.3380 -0.0258 -0.15% -9.60% Jun/19
EURMXN 19.9075 0.0121 0.06% -9.91% Jun/19
GBPMXN 22.9629 0.0301 0.13% -10.94% Jun/19
AUDMXN 12.0449 -0.1327 -1.09% -2.67% Jun/19
NZDMXN 9.8327 -0.1602 -1.60% -14.15% Jun/19
MXNJPY 9.3000 0.0069 0.07% 22.06% Jun/19
MXNCNY 0.3933 0.0029 0.75% 5.05% Jun/19
MXNCHF 0.0468 0.0004 0.96% 9.68% Jun/19
MXNCAD 0.0821 0.0007 0.84% 14.61% Jun/19
MXNARS 84.8897 1.3245 1.59% 39.82% Jun/19
MXNBRL 0.2988 0.0002 0.06% 3.94% Jun/19
MXNCZK 1.2205 0.0034 0.28% 8.69% Jun/19
MXNDKK 0.3772 0.0015 0.40% 11.74% Jun/19
MXNHUF 17.7341 0.0119 0.07% -2.63% Jun/19
MXNIDR 1,032.2781 9.2337 0.90% 20.59% Jun/19
MXNINR 5.4475 0.0132 0.24% 20.65% Jun/19
MXNKRW 88.7296 0.1341 0.15% 23.93% Jun/19
MXNMYR 0.2389 0.0017 0.74% 7.74% Jun/19
MXNRUB 4.2495 0.0266 0.63% 3.82% Jun/19
 Currencies
 MXN...
 ...MXN



Related Last Previous Unit Reference
United States Inflation Rate 4.20 3.80 percent May 2026
Mexico Inflation Rate 3.94 4.45 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026
Mexico Interest Rate 6.50 6.75 percent May 2026
United States Unemployment Rate 4.30 4.30 percent May 2026
Mexico Unemployment Rate 2.50 2.40 percent Apr 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
17.23 17.36 25.78 0.01 1972 - 2026 Daily

News Stream
MXN Under Pressure From Fed Outlook
The MXN traded near 17.3 per USD in June following the Federal Reserve's latest policy announcement. The move reflected the hawkish tone of the FOMC's updated economic projections. In its first meeting under Chair Kevin Warsh, the Fed left interest rates unchanged, but the dot plot showed that at least nine members expect rate hikes this year. Markets are now increasingly pricing in a 25-basis-point increase before the end of 2026. Given the close link between Fed policy and Banxico, a more hawkish Fed could narrow the interest-rate differential after Mexico's central bank signaled it would pause its easing cycle. This has weighed on the peso by reducing the appeal of carry trades. Meanwhile, recent data showed that Mexico's economy contracted 0.6% quarter-on-quarter in the first quarter while expanding just 0.2% from a year earlier. Inflation also slowed more than expected in the first half of May, although it remained above the central bank's target, with annual CPI easing to 4.1%.
2026-06-17
MXN Steady as Markets Assess US Data and Middle East Risks
The Mexican peso traded near 17.3 per USD in early June as investors balanced stronger US economic data against rising tensions in the Middle East. The currency remained stable despite broad dollar strength fueled by safe-haven demand. Tensions escalated after Iran launched ballistic missiles toward neighboring countries, prompting US strikes on targets linked to Tehran, while diplomatic negotiations remained stalled. Markets also assessed stronger-than-expected US labor data, with the ADP report showing private-sector employment rose more than forecast in May, reinforcing signs of resilience in the US economy. Investors further monitored job openings figures that could influence upcoming Federal Reserve decisions, as a solid labor market supports expectations that interest rates may stay elevated for longer. Additional caution stemmed from a US proposal to impose new tariffs on imports from 60 economies. Despite these headwinds, the peso recovered part of its earlier weekly losses.
2026-06-04
Mexican Peso Holds Near 17.3 per USD
The Mexican peso traded near 17.3 per USD in late May as markets monitored developments in peace negotiations between the US and Iran while digesting key domestic economic data. With Pakistan acting as mediator, the US and Iran moved somewhat closer to a potential agreement to end the conflict, although disagreements over Tehran’s uranium stockpiles and control of the Strait of Hormuz continued to prevent a final deal. Domestically, investors assessed revised GDP data showing Mexico’s economy contracted 0.6% quarter-on-quarter in Q1 while expanding just 0.2% from a year earlier. Inflation also slowed more than expected in the first half of May, though it remained above the central bank’s target, with annual CPI easing to 4.1%. The developments followed Moody’s downgrade of Mexico’s sovereign rating to “Baa3,” the lowest investment-grade level, and S&P Global Ratings’ decision to revise the outlook on the country’s “BBB” rating to negative.
2026-05-22