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The Mexican peso has been a widely traded currency for centuries, and its value has fluctuated significantly over time. In the early 20th century, the peso was pegged to the US dollar at a fixed rate of 12.5 pesos per dollar.
Historically, the exchange rate between Mexican pesos and US dollars has been influenced by a variety of factors, including economic conditions, politics, and global events. The peso's value has been known to plummet during times of economic instability in Mexico.
In the 1970s, Mexico experienced a period of high inflation, which led to a significant devaluation of the peso. This had a major impact on the country's economy and led to a sharp decline in the value of the peso compared to the US dollar.
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Historical Exchange Rates
To view rates between the Mexican Peso and the US Dollar for a particular year, you can click on one of the links below.
The Mexican Peso has decreased in value compared to the US Dollar in the six months. This means the Mexican Peso has decreased in value compared to the US Dollar.
You can also view the MXN/USD rate for specific years, such as 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, and 2016.
The MXN/USD rate is up +3.71% in 2019, which means the Mexican Peso increased in value compared to the US Dollar that year.
Here is a list of available years for viewing rates:
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
Factors Affecting Exchange Rate
The exchange rate between Mexican pesos (MXN) and US dollars (USD) is influenced by several key factors. Economic indicators such as GDP growth, inflation, and interest rates can impact the exchange rate.
GDP growth, for instance, can affect the exchange rate by influencing the overall health of the Mexican economy. A strong economy with high GDP growth can lead to a stronger MXN.
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Inflation, on the other hand, can erode the purchasing power of the MXN, causing the exchange rate to weaken. A high inflation rate can lead to a decrease in the value of the MXN.
Interest rates also play a crucial role in determining the exchange rate. Central bank decisions, such as interest rate changes, can affect the exchange rate by influencing the cost of borrowing in Mexico.
Geopolitical events, such as elections and trade agreements, can also influence the exchange rate. These events can impact investor confidence and lead to changes in the exchange rate.
Here are some examples of how these factors can impact the exchange rate:
Exchange Rate Tables
If you're looking to view historical exchange rates between the Mexican Peso and the US Dollar, you can click on one of the links below to view rates for a particular year.
You can view rates for years as far back as 2016, and as recent as 2025, by clicking on the corresponding links.
To view the rates for a specific year, simply click on the link. For example, if you click on 2020, you'll see the exchange rates for that year.
Here's a list of the years you can view rates for:
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
Alternatively, you can also view the historical exchange rate chart to see the fluctuations in the MXN/USD rate over time.
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