USDMXN Live Chart, Exchange Rate & Analysis | Trade USDMXN

USDMXN is a currency pair that consists of the US dollar and the Mexican peso and has the highest level of volatility. This property of the pair attracts many traders who want to make large profits quickly. General characteristics of USDMXN are related to the peculiarities of the US and Mexico economies. These countries are neighbors and trading partners within NAFTA (North American Free Trade Area). The Mexican economy is focused on the export of oil and precious metals. Its most developed sectors are trade, services, tourism, production sector, and construction, while the share of agriculture is insignificant.

The US economy is dominated by trade, services, and production sector. The American dollar and the Mexican peso pair is quite popular among Forex traders. The most significant trading activity in this instrument can be observed during the American session. When conducting fundamental analysis of the USD/MXN, one should consider such macroeconomic indicators of Mexico and the United States as trade balance, GDP and inflation indicators, labor market, and unemployment data.

The chart below shows the online quotes of USD/MXN in real time.

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SellBuyActive SellActive Buy

Sell

Sell	19.74040
Buy	19.74665
Sentiment	100% ▾
1-day change	0.84825^(4.49%)

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The rate of USDMXN (USDMXN) currency pair for today is $19.74665. The highest cost of USDMXN (USDMXN) for today was $19.75527, the lowest rate was $N/A. The opening price: $N/A. The quotes chart of USDMXN (USDMXN) currency pair in real time is presented below.

Price chart of USDMXN in real time mode

Available in trading accounts:

ECN
CLASSIC

Prev. CloseN/A

Day's RangeN/A

OpeningN/A

52 wk RangeN/A

VolumeN/A

Average VolumeN/A

Spread62.5

Swap Long-360.384

Contract size100000

Swap Short138.44

Stop&Limit Level0

AUDUSD	N/A	N/A	0.02259	3.45%
EURUSD	N/A	N/A	0.02199	2.03%
GBPUSD	N/A	N/A	0.02607	2.03%
NZDUSD	N/A	N/A	0.02955	4.96%
USDCAD	N/A	N/A	-0.03094	-2.24%
USDCHF	N/A	N/A	-0.02782	-3.17%
USDJPY	N/A	N/A	-3.816	-2.54%
EURCHF	N/A	N/A	-0.01222	-1.29%
EURGBP	N/A	N/A	-0.00059	-0.07%
EURJPY	N/A	N/A	-0.857	-0.53%
GBPJPY	N/A	N/A	-0.876	-0.45%
GBPCAD	N/A	N/A	-0.004	-0.23%
CHFJPY	N/A	N/A	1.207	0.71%
CADCHF	N/A	N/A	-0.00624	-0.98%
NZDCAD	N/A	N/A	0.02128	2.59%
CADJPY	N/A	N/A	-0.321	-0.30%
AUDJPY	N/A	N/A	0.819	0.84%
EURCAD	N/A	N/A	-0.00412	-0.28%
EURAUD	N/A	N/A	-0.02267	-1.37%
EURNZD	N/A	N/A	-0.05189	-2.85%
GBPCHF	N/A	N/A	0.00386	0.35%
GBPAUD	N/A	N/A	-0.02013	-1.03%
GBPNZD	N/A	N/A	-0.0417	-1.95%
NZDCHF	N/A	N/A	0.0114	2.20%
NZDJPY	N/A	N/A	2.553	2.88%
AUDCAD	N/A	N/A	0.01106	1.23%
AUDCHF	N/A	N/A	0.00746	1.32%
AUDNZD	N/A	N/A	-0.00946	-0.87%
USDSGD	N/A	N/A	-0.0295	-2.21%
USDCNH	N/A	N/A	-0.16287	-2.25%
USDHKD	N/A	N/A	-0.0174	-0.22%
USDDKK	N/A	N/A	-0.16337	-2.36%
USDNOK	N/A	N/A	-0.34325	-3.13%
USDSEK	N/A	N/A	-0.46567	-4.34%
USDPLN	N/A	N/A	-0.1091	-2.74%
EURPLN	N/A	N/A	-0.01938	-0.45%
USDCZK	N/A	N/A	-0.7936	-3.39%
USDTRY	N/A	N/A	0.9895	2.99%
USDHUF	N/A	N/A	-11.5	-3.13%
USDZAR	N/A	N/A	-0.4456	-2.44%
USDMXN	N/A	N/A	0.84825	4.49%
EURZAR	N/A	N/A	-0.0279	-0.14%
USDRUB	N/A	N/A	4.2457	4.97%
EURRUB	N/A	N/A	N/A	N/A
USDILS	N/A	N/A	-0.1732	-4.55%
GBPTRY	N/A	N/A	2.49657	5.91%
EURSGD	N/A	N/A	0.00116	0.08%
EURHKD	N/A	N/A	0.18379	2.18%
EURTRY	N/A	N/A	2.12499	5.94%
GBPNOK	N/A	N/A	-0.08579	-0.62%
GBPDKK	N/A	N/A	0.05665	0.64%
NZDSGD	N/A	N/A	0.02191	2.76%
GBPSGD	N/A	N/A	0.01305	0.77%
GBPSEK	N/A	N/A	-0.21271	-1.56%
GBPZAR	N/A	N/A	0.093	0.40%
EURMXN	N/A	N/A	1.407	6.91%
USDKRW	N/A	N/A	-35.2	-2.57%

Interesting facts about the USDMXN (US Dollar to Mexican Peso)

The Mexican peso is the official currency only in Mexico. However, it can be accepted as a means of payment in some border areas of the US, Guatemala, and Belize.

Although the USD to MXN pair is not popular among investors because it suffers enormous volatility, it doesn't prevent the Mexican peso from being one of the top-5 currencies by liquidity.

The USD to MXN pair is widely used by carry trade traders. The carry trade strategy involves borrowing money in countries with low interest rate policies and investing it in currencies with higher interest rates. It means that Forex traders go short (sell) the US dollar and go long (buy) the Mexican peso. However, traders should be careful and close positions when the US dollar skyrockets against the Mexican peso.

The peso was originally derived from the Spanish currency used in Mexico, which continued to be used after Mexico gained independence from Spain in 1821. The peso was a benchmark for North American states in the late 18th century. The first centavo coins, equaling one-hundredth of a Peso, were minted in 1863. The country introduced the Nuevo Peso that equaled 1,000 Mexican Pesos because of the years of inflation and debt defaults caused by the oil crisis of the 1970s.

The US dollar can be accepted officially and unofficially in almost every country around the globe. It is legal tender in the USA, Ecuador, Micronesia, El Salvador, the Marshall Islands, Palau, East Timor, and Zimbabwe. As the US dollar is used worldwide, it's subject to counterfeit. Counterfeit US dollars are often detected because they look better than genuine bills.

Although the US dollar is one of the world's reserve currencies and one of the safe-haven assets, the USD/MXN rate is highly volatile. The Mexican economic instability and large price movements don't make investors put their funds in domestic currency.

The best trading time for USD/MXN is North American trading session, from 15:00 to 00:00 (GMT+3, indicated in LiteFinance trading platform).