The Mexican peso has strengthened past the 17.8 mark as the currency capitalized on a broader retreat of the US dollar amid a Pakistan-brokered 45-day ceasefire proposal in the Middle East. Consequently, risk appetite recovered as investors anticipate a potential truce and the reopening of the Strait of Hormuz which would mitigate the threat of a systemic energy price shock. High domestic interest rates also continue to support the currency with Banxico expected to maintain a restrictive stance as inflation is projected to end 2026 above target near 4% in the latest Banxico survey. The move followed a dovish shift from Banco de México as it resumed its easing cycle with a 25 basis point rate cut to 6.75% in a split decision while signaling the possibility of one additional cut amid concerns over slowing economic activity and widening rate differential expectations. Markets now focus on President Trump's looming Tuesday deadline for potential strikes on Iranian infrastructure.

The USD/MXN exchange rate fell to 17.3559 on April 10, 2026, down 0.05% from the previous session. Over the past month, the Mexican Peso has strengthened 1.83%, and is up by 14.57% 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 April 10 of 2026.

The USD/MXN exchange rate fell to 17.3559 on April 10, 2026, down 0.05% from the previous session. Over the past month, the Mexican Peso has strengthened 1.83%, and is up by 14.57% over the last 12 months. The Mexican Peso is expected to trade at 17.76 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 17.36 in 12 months time.



Crosses Price Day Year Date
USDMXN 17.3473 -0.0176 -0.10% -14.61% Apr/10
EURMXN 20.3248 0.0089 0.04% -11.85% Apr/10
GBPMXN 23.3207 -0.0099 -0.04% -12.31% Apr/10
AUDMXN 12.2770 -0.0210 -0.17% -3.92% Apr/10
NZDMXN 10.1480 -0.0261 -0.26% -13.90% Apr/10
MXNJPY 9.1720 0.0205 0.22% 30.14% Apr/10
MXNCNY 0.3929 -0.0004 -0.10% 10.13% Apr/10
MXNCHF 0.0454 -0.0001 -0.23% 12.89% Apr/10
MXNCAD 0.0796 0.00002 0.03% 16.62% Apr/10
MXNARS 79.4661 -0.1197 -0.15% 51.25% Apr/10
MXNCZK 1.1995 -0.0007 -0.06% 9.73% Apr/10
MXNDKK 0.3677 -0.0001 -0.04% 13.00% Apr/10
MXNHUF 18.5406 -0.0046 -0.02% 4.44% Apr/10
MXNIDR 983.2847 0.4372 0.04% 19.62% Apr/10
MXNINR 5.3254 0.0003 0.01% 26.47% Apr/10
MXNKRW 85.3928 0.4741 0.56% 20.34% Apr/10
MXNMYR 0.2282 -0.0011 -0.49% 4.67% Apr/10
MXNRUB 4.4196 -0.0506 -1.13% 8.45% Apr/10
MXNBRL 0.2917 -0.0006 -0.21% 1.56% Apr/09
 Currencies
 MXN...
 ...MXN



Related Last Previous Unit Reference
Mexico Inflation Rate 4.59 4.02 percent Mar 2026
United States Inflation Rate 2.40 2.40 percent Feb 2026
Mexico Interest Rate 6.75 7.00 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
United States Unemployment Rate 4.30 4.40 percent Mar 2026
Mexico Unemployment Rate 2.60 2.70 percent Feb 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
17.36 17.36 25.78 0.01 1972 - 2026 Daily

News Stream
Mexican Peso Soars to Over 1-Month High
The Mexican peso has soared toward the 17.4 per US dollar mark, reaching an over 1-month high as a global shift away from safe havens followed President Trump’s decision to delay infrastructure strikes by two weeks. Risk appetite has surged following the plunge in oil prices which mitigates the threat of an energy-driven inflation shock for the Mexican economy. Despite this external relief, Banco de México remains in a complex position after its Governing Board recently lowered the target interest rate by 25 basis points to 6.75% in a surprise 3-2 split decision. While core inflation has remained relatively stable near 4.46% the latest Banxico survey shows that private sector analysts have revised 2026 headline inflation expectations upward to 4.21%. Markets are now pricing in a potential final rate cut to 6.5% later this year as policymakers balance upside inflation risks against a domestic manufacturing sector that has faced persistent contraction.
2026-04-08
Mexican Peso Gains Ground
The Mexican peso has strengthened past the 17.8 mark as the currency capitalized on a broader retreat of the US dollar amid a Pakistan-brokered 45-day ceasefire proposal in the Middle East. Consequently, risk appetite recovered as investors anticipate a potential truce and the reopening of the Strait of Hormuz which would mitigate the threat of a systemic energy price shock. High domestic interest rates also continue to support the currency with Banxico expected to maintain a restrictive stance as inflation is projected to end 2026 above target near 4% in the latest Banxico survey. The move followed a dovish shift from Banco de México as it resumed its easing cycle with a 25 basis point rate cut to 6.75% in a split decision while signaling the possibility of one additional cut amid concerns over slowing economic activity and widening rate differential expectations. Markets now focus on President Trump's looming Tuesday deadline for potential strikes on Iranian infrastructure.
2026-04-06
Mexican Peso Weakens on Risk Aversion, Rate Cut Signals
The Mexican peso weakened to around 17.88 per dollar as risk aversion increased after President Donald Trump signaled the Iran conflict could drag on, pushing oil prices sharply higher and weighing on emerging market currencies. The move also followed a dovish shift from Banco de México, which resumed its easing cycle with a 25 basis point rate cut to 6.75% in a split decision, reflecting concerns over slowing economic activity. Policymakers signaled the possibility of one additional cut while closely monitoring inflation and external risks. Recent data showed annual inflation accelerating to 4.63% in early March, with core inflation at 4.46%, both above the central bank’s 3% target. The currency also faced pressure from widening rate differentials expectations and uncertainty over the outlook for growth and inflation.
2026-04-02