USD/MXN – Rate, Chart, Analysis & News

USD/MXN is a Forex ticker that represents the price it will cost you in Mexican Peso to buy 1 USD. FX currencies are shortened to three-letter abbreviations for ease and are called ISO codes. The Forex market trades in these currency pairs and have a quote structure of Base/Quote (USD/MXN).

The live USD/MXN rate is shown below in an interactive chart that you can use for technical analysis. Our real-time news and analysis will keep you up to date with factors affecting the price movements of USD/MXN, both fundamental and technical.

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USD/MXN Explained

The USD/MXN currency pair represents the exchange between the US Dollar and the Mexican Peso.  The Mexican peso is the eighth most traded currency in the world and the most traded currency in Latin America.

Unlike many other currencies, the peso is not pegged to the U.S. dollar. it’s a free-floating currency with its own exchange rate. The peso is issued and managed by Mexico’s central bank, Banco de Mexico or Banxico.

As a typically higher-yielding currency, the USD/MXN pair can be sensitive to swings in broad-based market sentiment trends.

USD/MXN Significant Price Movements

The peso was relatively stable until the 1970s when Mexico began borrowing too much money. This triggered an economic crisis, culminating in Mexico defaulting on its international loans in 1982. The resulting economic turmoil did not start to improve until the 1990s when the government implemented a series of reforms.

For the five-year period ending in April 2019, the Mexican peso has steadily risen in value against the U.S. dollar. It climbed from 13.01 pesos to one dollar in 2014, to 18.77 pesos to a dollar in April 2019.

As the ninth-largest oil producer in the world, the Mexican Peso is tied to the country’s natural resources and shows tight correlation with other commodity-based currencies, including the Brazilian real (BRL) and Colombian peso (COP). This increases the importance of energy fluctuations as well as data that moves crude oil and natural gas futures markets. 


Which is the best broker to trade the USD/MXN pair?

There are many online brokers that support day trading of the USD/MXN pair. We are constantly evaluating new and existing brokers to recommend the most reliable ones. For more information, you can go to our page that reviews and compares the best Forex brokers to learn more about the different platforms where you can trade USD/MXN.

When I trade the USD/MXN pair will I own the actual currency?

No. CFDs allow you to speculate on rises and falls in the currency pair without having physical ownership. With CFDs, you only have to put in a fraction of the market value of the underlying asset when making a trade. Unlike investing, when you trade CFDs, you are not buying or trading the underlying asset. What you are buying/selling is a contract between yourself and the CFD provider.  

How to trade the USD/MXN pair?

The USD/MXN pair offers traders a variety of both short-term and long-term opportunities. MXN trading schedules roughly follow U.S. exchange hours with peak activity during business hours of the New York equity markets and Chicago futures and options markets.

Overall, the best times to trade the USD/MXN currency pair is after the release of economic data as well as open hours at equity, options, and futures exchanges. 



See other currency pairs live rates here or search for your next broker.

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