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Live USD/MXN priceUS Dollar to Mexican Peso
The USD/MXN currency pair is considered one of the most promising among developing countries in North and South America. On certain timeframes, the Mexican peso has strengthened against the USD at a faster pace, surpassing another promising currency, the Brazilian real, in this regard. The stability of the USD/MXN exchange rate has been disrupted only once in the past 10 years - in March 2020. At that time, Mexico's national currency was considered one of the most attractive among speculative traders inclined towards high risk. The pandemic triggered a sharp flight of speculative capital, causing the USD/MXN price to rise from 18.8 to 24.2 pesos per dollar in a matter of days, reaching historic highs.
Recommendation for USD/MXN on the 15M timeframe is Strong Buy.
Recommendation for USD/MXN on the 1H timeframe is Neutral.
Recommendation for USD/MXN on the 1D timeframe is Neutral.
Since the pandemic, the USD/MXN price has predominantly had a bearish trend, recently reaching a seven-year low. The key to the strengthening of the Mexican peso lies in:
- Strict budgetary discipline, a focus on avoiding external loans, and reducing government debt.
- Gradually raising interest rates to curb inflation. After the pandemic, nearly doubling the interest rate helped reduce inflation from 8.7% to 5% in almost a year. This increased the real yield of government bonds and attracted additional investment capital to the country.
- Reduced risks of a recession in the United States. After the Federal Reserve successfully curbed inflation, prospects for trade improved. The United States is the main market for Latin American countries.
In the short and medium term, analysts forecast a continuation of slow strengthening.
In our article, you will be able to learn the latest price forecasts and signals on the USD/MXN currency exchange rate for 1 hour-1 week. USD/MXN forecasts and signals are based on the technical analysis indicators.
On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:
- Asset quotes are updated every minute.
- Price chart is updated every minute.
- Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
- Medium and long-term forecasts are updated every hour.
