The Mexican peso weakened to 17.3 per USD in mid-May as rising energy-driven inflation pressures fueled expectations that the Federal Reserve could raise interest rates later this year. The stronger US dollar coincided with higher US Treasury yields, adding pressure on emerging market currencies. Earlier in the month, the Bank of Mexico lowered its benchmark interest rate by 25 basis points to 6.5%, but signaled that the easing cycle that began in March 2024 had likely ended. Banxico adopted a more cautious stance as elevated energy prices linked to the Middle East conflict threatened to lift inflation expectations in Mexico. Meanwhile, the latest GDP data showed the Mexican economy contracted 0.8% in the first quarter, a steeper decline than markets had expected.
The USD/MXN exchange rate fell to 17.3217 on May 18, 2026, down 0.10% from the previous session. Over the past month, the Mexican Peso has weakened 0.16%, but it's up by 10.30% 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 May 18 of 2026.
The USD/MXN exchange rate fell to 17.3217 on May 18, 2026, down 0.10% from the previous session. Over the past month, the Mexican Peso has weakened 0.16%, but it's up by 10.30% over the last 12 months. The Mexican Peso is expected to trade at 17.28 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.