EUR vs MXN
🇲🇽1 EUR = 19.88 MXN
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
EUR / MXN| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About EUR / MXN
🇪🇺 EUR — Euro
The Euro is the official currency of the Eurozone, used by 20 of the 27 European Union member states. It is the second most traded currency in the world after the US Dollar.
🇲🇽 MXN — Mexican Peso
The Mexican Peso is the most traded currency in Latin America and among the most traded emerging market currencies globally. It is the eighth most traded currency in the world by daily turnover.
Key Factors Affecting EUR/MXN
🇪🇺 EUR Drivers
- ECB monetary policy and interest rates
- Economic performance of major Eurozone economies
- Political stability within the EU
- Eurozone inflation and employment data
🇲🇽 MXN Drivers
- Banxico (Bank of Mexico) interest rate decisions
- US-Mexico trade relations and USMCA
- Oil prices and Pemex production data
- Remittance flows from the US to Mexico
💡 Did You Know? — EUR
The Euro was introduced as an accounting currency in 1999 and physical euro coins and banknotes entered circulation in 2002.
💡 Did You Know? — MXN
The Mexican peso was the first currency in the world to use the '$' sign, which was later adopted by the United States dollar.
Economy Overview
🇪🇺 European Union
The Eurozone represents one of the largest economic blocs globally, with Germany and France as its largest economies. The European Central Bank (ECB) sets monetary policy for all Eurozone members.
🇲🇽 Mexico
Mexico has a large, diversified economy closely linked to the United States through trade and manufacturing. It is a major exporter of vehicles, electronics, and oil.