The Mexican Peso (MXN) has shown resilience against the US Dollar (USD), trading around 20.5 per USD. This level is close to a three-year low of 20.85, a point that has been tested repeatedly since early 2025. This situation arises as economic data concerning inflation and GDP reinforces expectations of further monetary easing in Mexico, compounded by the looming possibility of tariffs from the United States, creating economic uncertainty.
Mexico’s headline inflation saw an increase to 3.74% in mid-February, aligning with forecasts and remaining within the central bank’s target range. However, the nation’s GDP experienced a contraction of 0.6% in the fourth quarter, marking the most significant decline since the third quarter of 2021. In response to these economic indicators, minutes from Banco de México (Banxico), the country’s central bank, indicated an openness to a potential 50 basis points rate cut in March, should inflation trends permit. Policymakers have stressed the necessity for flexibility, particularly in light of trade risks associated with the US.
Against this economic backdrop, Mexico is intensifying its diplomatic efforts to avert the imposition of 25% tariffs by the US. The Mexican government aims to convince the US administration, before the March 4th deadline, that its enhanced border security measures and crackdown on fentanyl are proving effective. While some progress in discussions has been reported, a complete reversal of the tariff threat remains uncertain.
The USDMXN exchange rate experienced a decrease of 0.0920, or 0.45%, reaching 20.3792 on Wednesday, February 26th, compared to 20.4712 in the previous trading session. Historically, the USDMXN rate reached a peak of 25.78 in April 2020. Current forecasts from Trading Economics’ global macro models and analysts suggest that the Mexican Peso is expected to trade at 20.97 by the end of the current quarter and is projected to reach 21.86 within 12 months.
| Crosses | Price | Day | Year | Date |
|---|---|---|---|---|
| USDMXN | 20.3887 | -0.0825 | -0.40% | Feb/26 |
| EURMXN | 21.4103 | -0.1082 | -0.50% | Feb/26 |
| GBPMXN | 25.8780 | -0.0525 | -0.20% | Feb/26 |
| AUDMXN | 12.8747 | -0.1092 | -0.84% | Feb/26 |
| NZDMXN | 11.6194 | -0.0819 | -0.70% | Feb/26 |
| MXNJPY | 7.3045 | 0.0230 | 0.32% | Feb/26 |
| MXNCNY | 0.3564 | 0.0020 | 0.57% | Feb/26 |
| MXNCHF | 0.0439 | 0.0003 | 0.58% | Feb/26 |
| MXNCAD | 0.0703 | 0.0004 | 0.54% | Feb/26 |
| MXNARS | 52.0893 | 0.2739 | 0.53% | Feb/26 |
| MXNBRL | 0.2840 | 0.0036 | 1.28% | Feb/26 |
| MXNCZK | 1.1661 | 0.0075 | 0.64% | Feb/26 |
| MXNDKK | 0.3488 | 0.0022 | 0.64% | Feb/26 |
| MXNHUF | 18.6588 | 0.0229 | 0.12% | Feb/26 |
| MXNIDR | 803.3069 | 6.0385 | 0.76% | Feb/26 |
| MXNINR | 4.2781 | 0.0246 | 0.58% | Feb/26 |
| MXNKRW | 70.3371 | 0.4636 | 0.66% | Feb/26 |
| MXNMYR | 0.2177 | 0.0015 | 0.72% | Feb/26 |
| MXNRUB | 4.2620 | 0.0319 | 0.75% | Feb/26 |
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Mexico Inflation Rate | 3.59 | 4.21 | percent | Jan 2025 |
| United States Inflation Rate | 3.00 | 2.90 | percent | Jan 2025 |
| Mexico Interest Rate | 9.50 | 10.00 | percent | Feb 2025 |
| United States Fed Funds Interest Rate | 4.50 | 4.50 | percent | Jan 2025 |
| United States Unemployment Rate | 4.00 | 4.10 | percent | Jan 2025 |
| Mexico Unemployment Rate | 2.40 | 2.60 | percent | Dec 2024 |
Mexican Peso
The USDMXN spot exchange rate represents the current value of the US Dollar in terms of the Mexican Peso for immediate exchange. While the spot rate is for same-day transactions, the USDMXN forward rate is established today for transactions that will occur and be settled on a specific future date.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | |
|---|---|---|---|---|---|---|---|
| 20.38 | 20.47 | 25.78 | 0.01 | 1972 – 2025 | Daily |
Related Economic News for Mexico:
- Mexico Current Account Surplus Expands in Q4
- Mexican Peso Stays Near 3-Year Low
- Mexico GDP Contracts Most in 3 Years
- Mexico Economic Activity Shrinks in December
- Banxico Minutes Signal Cautious Easing Amid Global Uncertainty
- Mexican Retail Sales Fall Less than Expected
- Mexico Industrial Output Falls at Faster Pace in December
- Mexico January Auto Exports Lowest since 2022
- Mexico Car Output Hits Peak for January Since 2020
- Mexico Inflation Rate Hits 4-Year Low, Below Forecasts
