Convert Mexican Peso to US Dollar
MXN to USD Exchange Rate Calculator
1 Mexican Peso (MXN) = 0.0577 US Dollar (USD) at the live mid-market rate. That means $100 MXN converts to roughly 5.77 USD, and $1,000 MXN converts to about 57.71 USD. The MXN/USD rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day MXN/USD context
Over the past 90 days, MXN/USD has traded between 0.0553 and 0.0581. The current rate of 0.0577 sits roughly 85% through that range — near the upper end, meaning US Dollar has been weaker than typical against Mexican Peso recently. Versus the rate 90 days ago, Mexican Peso has strengthened by 1.26% against US Dollar.
MXN/USD Price History
Interactive MXN/USD exchange rate chart with 7-day, 30-day, and 90-day views.
About Mexican Peso (MXN)
The Mexican Peso (MXN) is the official currency of Mexico and the most-traded currency in Latin America. Nicknamed "the Mex" among FX traders, MXN benefits from high real yields and deep onshore liquidity, making it a perennial favourite in emerging-market carry trade strategies.
- •Most-traded emerging-market currency in the Americas
- •Banxico (Bank of Mexico) targets 3% CPI inflation (±1%)
- •Remittances from the US to Mexico exceeded $63 billion in 2024
- •USMCA (formerly NAFTA) links Mexico deeply to US trade
- •The "$" symbol originated with the Spanish peso before being adopted by the US Dollar
About US Dollar (USD)
The United States Dollar (USD) is the world's primary reserve currency and the single most traded currency in global foreign exchange markets. Issued by the Federal Reserve System since 1913, it anchors the DXY (U.S. Dollar Index) and sits on one side of roughly 88% of all forex transactions.
- •Involved in ~88% of all daily forex turnover (BIS Triennial Survey)
- •Accounts for roughly 58% of allocated central bank reserves (IMF COFER)
- •Primary invoicing currency for global oil, metals, and most commodities
- •Dollar-denominated debt issued outside the US exceeds $13 trillion
- •The Federal Reserve sets the federal funds rate, which drives USD strength globally
Frequently Asked Questions
Why is MXN so volatile versus USD?
Mexican Peso has high real yields that attract carry-trade capital, and Mexico's economy is deeply tied to the US via USMCA trade. This combination — high carry plus US political risk — produces larger USD/MXN moves than most G10 pairs. Tariff headlines alone can shift USD/MXN by 1–3% in minutes.
When does Banxico meet?
The Bank of Mexico (Banxico) meets eight times per year. Policy decisions are announced at 19:00 UTC on Thursdays (check the Banxico calendar for exact dates). The accompanying statement and minutes (published two weeks later) often drive follow-through moves.
Do US immigration policy headlines move USD/MXN?
Yes, dramatically. Any announcement related to border tariffs, remittance taxation, or tariffs on Mexican exports produces immediate USD/MXN spikes. The 2018–2020 and 2024–2025 US electoral cycles produced multiple 5%+ USD/MXN moves tied to tariff threats.
What are the best times to trade USD/MXN?
MXN is most liquid during the New York session (13:00–21:00 UTC), with secondary activity during the Mexico City morning. London session MXN liquidity is thinner and spreads wider.
How do Pemex and Mexican oil revenues affect MXN?
Mexico is still a meaningful oil exporter via Pemex. Falling crude prices typically weaken MXN as Mexico's fiscal picture deteriorates, while rising oil prices support MXN alongside higher US growth. Remittance inflows (over $63 billion in 2024) provide a steady MXN-supportive flow.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers