Exchange Rate in Mexico

Mexico - Exchange Rate (average of period)
Peso rallies on likely Joe Biden victory in U.S. presidential election
The Mexican peso posted strong gains against the U.S. dollar over the past month, particularly rallying during the week of the U.S. presidential election that saw Democratic contender Joe Biden move closer to victory. On 6 November, the peso ended the day at 20.59 per USD, marking a 5.6% appreciation month-on-month. That said, the currency was down 7.0% year-on-year, while it has lost 8.0% of its value year-to-date.
Emerging-market currencies in general benefited from strengthening expectations that Joe Biden would eke out a victory in the U.S presidential race as well as from the prospect of Republicans retaining control of the Senate, thus pointing to largely static U.S. fiscal policy ahead. This would force the Federal Reserve to keep rates low for longer, boosting interest for higher-yield markets in turn. In addition, the likely Biden presidency supported the Mexican currency, which has been pressured by the Trump administration’s hard line stance on trade, on expectations of a less adversarial trade policy going forward.
Despite these gains, the peso is still markedly down from February’s pre-pandemic levels. And although it may strengthen further following the final election results, gains could prove to be short-lived as the economy’s recovery from the Covid-19 blow is showing signs of losing momentum, despite the solid quarterly rebound in GDP in Q3. Moreover, given its highly liquid and traded nature, the MXN remains vulnerable to sharp swings in market sentiment.
Our panel sees the MXN ending 2021 at 21.93 per USD and 2022 at 21.36 per USD.
Mexico - Exchange Rate (aop) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Exchange Rate (vs USD, aop) | 15.88 | 18.69 | 18.91 | 19.23 | 19.25 |
Mexico Exchange Rate (aop) Chart

Source: Thomson Reuters.
Mexico Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 6.87 | -0.24 % | Dec 31 |
Exchange Rate | 18.93 | -0.29 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Mexico: Consumer confidence decreases in July
August 4, 2022
Consumer confidence fell to 41.3 in July from June's 43.0.
-
Mexico: Remittances rise in June
August 1, 2022
Remittances totaled USD 5.2 billion in June, reflecting a 15.6% year-on-year increase, following May's 14.3% year-on-year expansion. On a cumulative 12-month basis up to June, remittances summed USD 55.5 billion, following the USD 54.2 billion registered in May.
-
Mexico: Manufacturing and non-Manufacturing PMIs rise in July
August 1, 2022
The Mexican Institute of Financial Executives (IMEF) Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in July from June's 49.3.
-
Mexico: GDP growth beats expectations in Q2
July 29, 2022
According to a preliminary estimate, economic growth was stable at 1.0% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, beating market expectations.
-
Mexico: Merchandise exports increase at a milder pace in June
July 27, 2022
Merchandise exports jumped 20.2% on an annual basis in June, following May’s 22.4% jump.