USD vs MXN
🇲🇽1 USD = 17.42 MXN
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
USD / MXN| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About USD / MXN
🇺🇸 USD — US Dollar
The United States Dollar is the world's primary reserve currency and the most traded currency in the foreign exchange market. It serves as the standard unit of currency in international markets for commodities such as gold and oil.
🇲🇽 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 USD/MXN
🇺🇸 USD Drivers
- Federal Reserve interest rate decisions
- US employment and inflation data
- Global risk sentiment and safe-haven demand
- US trade balance and fiscal policy
🇲🇽 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? — USD
About 60% of all foreign exchange reserves held by central banks worldwide are denominated in US dollars.
💡 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
🇺🇸 United States
The US has the largest economy in the world by nominal GDP. The Federal Reserve (Fed) manages monetary policy, and its interest rate decisions have a significant impact on the dollar's value globally.
🇲🇽 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.