USDMXN (US Dollar vs Mexican Peso). Exchange rate and online charts.
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17 Mar 2025 06:54
(-0.01%)
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USD/MXN (United States Dollar vs Mexican Peso)
USD/MXN is actively traded on Forex. This currency pair is gaining more popularity among traders since the Mexican peso became freely convertible against the other currencies on the market in 2008.
To date, Mexico is one of the most developed countries in Latin America, taking the leading position among them in terms of per capita income. The Mexican economy is mainly represented by the private sector as in 1980s there was a mass privatization program aimed at fighting against the crisis. Thus, the majority of Mexican enterprises are owned by foreign companies.
Mexico is a member of NAFTA - the North American Free Trade Agreement. For this reason, the country has an active trade with its neighbors - the United States and Canad - which makes up the largest part of the country's income.
Mexico is the major exporter of oil in its region. Currently, most of the country's revenues are generates by oil sector. However, the main source of income for Mexico is the service sector.
Although Mexico has huge oil and gas reserves, its natural hydrocarbons are strongly depleted. The Mexican government has to reduce the volumes of extracted oil and natural gas to avoid new problems in the economy. According to forecasts, the country will soon be forced to import oil from abroad to meet the needs of its economy. All these circumstances have a significant impact on the Mexican national currency which is largely dependent on world oil prices. In addition, the Mexican peso exchange rate hinges on international ranking of the country which is calculated by the leading rating agencies.
See Also
- USD/JPY: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)
Author: Jakub Novak
17:50 2025-03-14 UTC+2
2173
GBP/USD: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)Author: Jakub Novak
17:02 2025-03-14 UTC+2
1963
In my morning forecast, I focused on the 1.2949 level and planned to base my trading decisions on itAuthor: Miroslaw Bawulski
16:25 2025-03-14 UTC+2
1948
- The 1.0861 price test occurred when the MACD indicator had already risen significantly above the zero level
Author: Jakub Novak
16:40 2025-03-14 UTC+2
1858
The 1.0861 price test occurred when the MACD indicator had already risen significantly above the zero levelAuthor: Jakub Novak
16:41 2025-03-14 UTC+2
1858
America will once again be a major focus in the newsAuthor: Chin Zhao
00:05 2025-03-17 UTC+2
733
- After experiencing a significant surge of 500 pips, the EUR/USD pair has settled into a period of stagnation, awaiting further news. The Federal Reserve may either alleviate or heighten concerns about a potential recession in the U.S.
Author: Irina Manzenko
00:05 2025-03-17 UTC+2
703
Last week, the bears continued to decline but failed to close below the tested support level of the monthly short-term trend at 5618.25, only leaving a long lower shadow beyond it. A break below this level would lead to a retest of the weekly Ichimoku crossAuthor: Evangelos Poulakis
23:25 2025-03-16 UTC+2
673
Fundamental analysisWhat to Pay Attention to on March 17? A Breakdown of Fundamental Events for Beginners
There are very few macroeconomic events scheduled for MondayAuthor: Paolo Greco
23:27 2025-03-16 UTC+2
658
- USD/JPY: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)
Author: Jakub Novak
17:50 2025-03-14 UTC+2
2173
- GBP/USD: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)
Author: Jakub Novak
17:02 2025-03-14 UTC+2
1963
- In my morning forecast, I focused on the 1.2949 level and planned to base my trading decisions on it
Author: Miroslaw Bawulski
16:25 2025-03-14 UTC+2
1948
- The 1.0861 price test occurred when the MACD indicator had already risen significantly above the zero level
Author: Jakub Novak
16:40 2025-03-14 UTC+2
1858
- The 1.0861 price test occurred when the MACD indicator had already risen significantly above the zero level
Author: Jakub Novak
16:41 2025-03-14 UTC+2
1858
- America will once again be a major focus in the news
Author: Chin Zhao
00:05 2025-03-17 UTC+2
733
- After experiencing a significant surge of 500 pips, the EUR/USD pair has settled into a period of stagnation, awaiting further news. The Federal Reserve may either alleviate or heighten concerns about a potential recession in the U.S.
Author: Irina Manzenko
00:05 2025-03-17 UTC+2
703
- Last week, the bears continued to decline but failed to close below the tested support level of the monthly short-term trend at 5618.25, only leaving a long lower shadow beyond it. A break below this level would lead to a retest of the weekly Ichimoku cross
Author: Evangelos Poulakis
23:25 2025-03-16 UTC+2
673
- Fundamental analysis
What to Pay Attention to on March 17? A Breakdown of Fundamental Events for Beginners
There are very few macroeconomic events scheduled for MondayAuthor: Paolo Greco
23:27 2025-03-16 UTC+2
658