US Dollar / Mexican Peso

USD/MXN shows how many Mexican pesos one US dollar is worth. The Mexican peso is managed by the Bank of Mexico (Banco de México, or Banxico for short). Among emerging-market currencies, the peso is one of the highly liquid ones and is widely traded by international investors.

The Mexican economy has close trade ties with the US, so US demand, trade agreements between the two countries and tariff debates directly affect the peso. Remittances sent home by Mexicans working abroad and crude oil income also play a role in the supply of foreign currency. Banxico's relatively high interest rate policy can make the peso stand out in interest rate differential trades.

Because emerging-market currencies generally come under pressure when global risk appetite declines, USD/MXN can tend to rise in such periods. Lzzo.com shows a cross reference rate for this pair calculated from market exchange rates; it is not a bank or exchange office rate.