USD/MXN Exchange Rate Today — Live Chart and Analysis

USD/MXN shows how many Mexican pesos one US dollar buys (dollar to peso, mxn to usd) - the most actively traded currency pair in Latin America.

Buy price

17.1896

Sell price

17.1886

USD/MXN chart

Price Performance

1 week
-0.05% -0.05%
1 month
+0.03% +0.03%
YTD
+0.54% +0.54%
Year
-0.2% -0.2%
5 years
+0.93% +0.93%

Information regarding past performance is not a reliable indicator of future performance.

Analysis

The peso was one of the star performers in 2025, gaining roughly 23% against the dollar as USD/MXN fell from around 20.50 to 17.80. High Mexican interest rates pulled in carry trade flows, the dollar weakened broadly, and nearshoring investment into Mexico kept FDI strong. Banxico cut rates 300bp across the year (from 10% to 7%), but the roughly 325bp advantage over the Fed funds rate kept the carry trade attractive throughout. In Q1 2026, Banxico cut again - a further 25bp to 6.75%, in a split decision that reflected the tension between slowing growth and re-accelerating inflation at 4.63% (above the 3% target). As the rate differential narrows with further cuts, MXN's carry appeal weakens.

How can I buy USD/MXN?

  • 1

    Sign up

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  • 2

    Deposit funds

    Add money to your wallet via card, bank transfer, or crypto.

  • 3

    Trade

    Choose USDMXN, set the amount, and click buy or sell — that’s it!

USD/MXN

USDMXN

17.1891

-0.02%

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