USD to MXN Historical Exchange Rate Data and Trends

The USD to MXN exchange rate has undergone significant fluctuations over the years. In 1994, the exchange rate was approximately 3.5 pesos to the dollar.

One notable trend is the decline in the value of the Mexican peso during the 1994-1995 peso crisis, which saw the exchange rate spike to over 6 pesos to the dollar. This was a result of a combination of factors, including a significant devaluation of the peso and a loss of investor confidence in the Mexican economy.

The peso crisis led to a period of economic instability, but the Mexican government implemented reforms and stabilization policies to address the issue. As a result, the exchange rate gradually returned to a more stable level, with the peso fluctuating between 10 and 12 pesos to the dollar by the early 2000s.

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The USD to MXN exchange history is a complex and fascinating topic. The Mexican Peso's value has been impacted by various factors, including interest rates, trade agreements, and oil prices.

The higher interest rate in Mexico, around 8% in 2019, undermined the value of the peso compared to the US dollar. The peso was paying approximately 8% in interest per year in 2019, compared to around 2% for the US dollar.

The physical closeness between Mexico and the US has also had an impact on the value of the peso. Highly prosperous border regions engaging in commercial interactions increase the liquidity of the Mexican Peso.

The USD/MXN currency pair is the most liquid MXN pair, making it a natural currency play in the market. It's worth noting that the balance of trade between the US and Mexico has shown some fluctuation in the last decade, affecting the relative value of the peso.

WTI Crude Oil prices have also had a significant impact on the Mexican peso, as Mexico's vast oil reserves provide collateral for financing. However, the dramatic fall in oil prices in early 2020 undermined the value of the peso.

Here's a brief overview of the USD/MXN exchange rate changes in recent years:

In the last six months, the USD/MXN rate has been up +14.56%, making the US Dollar more valuable compared to the Mexican Peso.

The value of one currency in relation to another is known as an exchange rate, and it's a crucial aspect of the USD to MXN history.

In 1994, the Mexican peso was pegged to the US dollar at a fixed rate of 3.5 pesos per dollar, which was a significant moment in the currency's history.

A floating exchange rate means that the value of the currency can fluctuate based on market forces, which is what happened during the 1994 peso crisis.

The exchange rate between the USD and MXN has been influenced by various factors, including economic conditions, interest rates, and trade balances.

In 2001, the Mexican government allowed the peso to float, which led to a significant depreciation of the currency against the US dollar.

The exchange rate has also been affected by the country's oil exports, with a strong oil price often leading to a stronger peso.

The exchange rate is determined by supply and demand in the foreign exchange market, where individuals, businesses, and institutions trade currencies.

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In 2013, the Mexican government intervened in the foreign exchange market to slow down the appreciation of the peso, which was caused by a strong economy and high oil prices.

The exchange rate can have a significant impact on international trade and investment, making it a critical aspect of the USD to MXN history.

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We have an impressive 31 years of historical data for over 38,000 forex pairs and rates from over 200 currencies, commodities, and precious metals. This wealth of information provides a solid foundation for understanding the fluctuations in the USD/MXN exchange rate.

The USD/MXN currency pair has been influenced by various factors, including the higher interest rate in Mexico, which has undermined the value of the Mexican Peso. This is evident in the fact that the peso was paying approximately 8% in interest per year in 2019, compared to around 2% for the US dollar.

Mexico's trade balance with the US has also had an impact on the exchange rate. In 2019, the US exported $256 billion in goods to Mexico, while importing goods to the value of $358 billion. This significant trade activity has added liquidity to the Mexican Peso.

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The relationship between the Mexican Peso and oil prices is another crucial factor to consider. Mexico's vast oil reserves provide collateral for financing, and international lenders prefer to invest in countries with high crude oil prices. However, the dramatic fall in oil prices in early 2020 undermined the value of the peso.

Economic data, such as the Consumer Price Index (CPI), Gross Domestic Product (GDP), Trade Balance, and Labour Force Survey, have a significant influence on USD/MXN prices. This data is essential for understanding the stock market and the direction of the MXN.

To view historical rates between the US Dollar and the Mexican Peso for a particular year, you can click on the links below:

In May 2023, Mexico's Exchange Rate against USD averaged 17.749 USD/MXN.

This is a significant decrease from the previous month, when the average exchange rate was 18.095 USD/MXN.

The exchange rate has fluctuated over the years, with a minimum of 0.012 USD/MXN in June 1974 and a maximum of 24.180 USD/MXN in April 2020.

Here's a breakdown of the exchange rate for the past few months:

The exchange rate data is available from January 1957 to May 2023, providing a comprehensive view of the exchange rate history.

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The USD/MXN price has been influenced by various factors over the years. One key factor is the interest rate difference between the Mexican Peso and the US dollar, with Mexico's peso paying approximately 8% in interest per year in 2019, compared to around 2% for the US dollar.

Highly prosperous border regions engaging in commercial interactions increase the liquidity of the Mexican Peso. This is because Mexico and the United States share a border, and a relationship that extends to broad trade agreements and immigration disputes.

The balance of trade between the two countries also affects the value of the peso. In 2019, the United States exported $256 billion in goods to Mexico, while importing goods to the value of $358 billion.

WTI Crude Oil prices have a significant impact on the Mexican peso, as Mexico’s vast oil reserves provide collateral for financing. International lenders prefer to invest and assume risks in petroleum-dominated countries when crude oil prices are high.

Economic data, such as the Consumer Price Index (CPI) and Gross Domestic Product (GDP), also influence USD/MXN prices. This data is important for understanding the stock market and the direction of the MXN.

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