US Dollar Peso Exchange Rate (USD MXN) - Historical Chart (2024)

FAQs

What is the Mexican peso exchange rate historically? ›

The highest US dollar to Mexican pesos rate was on September 10, 2024 when 1 US dollar was worth 20.0676 Mexican peso.

The highest Mexican peso to US dollars rate was on April 9, 2024 when 1 Mexican peso was worth 0.0612 US dollar.

US Dollar to Mexican Peso Exchange Rate is at a current level of 19.92, up from 19.90 the previous market day and up from 17.33 one year ago. This is a change of 0.08% from the previous market day and 14.91% from one year ago.

The peso plunged to more than 350 to the dollar in 1985 from about 23 to the dollar in 1980. But that decline in value was just the beginning. It went on to trade at more than 3,000 to the dollar before the Mexican government in 1993 issued new pesos and simply wiped out three digits from the exchange rate.

In 1970, the value of the MXN with respect to the USD was $12.50/USD, and the exchange rate was fixed. ...

The lowest US dollar to Philippine pesos rate was on March 13, 2024 when 1 US dollar was worth 55.3130 Philippine peso.

The Mexican Peso is expected to trade at 19.85 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 20.27 in 12 months time.

chief economist Michael Ricafort said the peso was at its strongest since April 15, 2024 when it closed at 56.81 to a dollar. “A good sign that the peso further appreciated recently from familiar ranges—a good signal for the financial markets and for the overall economy,” Ricafort added.

1 USD = 19.14 MXN - Today's Best US Dollar to Mexican Peso Exchange Rates.

When was the peso worth more than the dollar? ›

Spring of 2020 through 2024

The Mexican peso rallied strongly between September 2002 and July 2023 —strengthening in value from around 20.20 to 16.80 pesos to the dollar— and got the term 'Super Peso' trending on social media in response to the currency's strength.

How much do you have to earn in a month to be considered rich in Mexico? In order to be considered as part of the A/B Social Economic Level (the highest present in Mexico) you have to earn an average of 120,000 pesos a month. That is around 6,000 dollars a month or 72,000 dollars a year.

If oil prices continue to rise, interest rates remain high, and Mexico's economy remains strong, analysts predict a further strengthening of the peso. Economy Forecast Agency (EFA) specialists believe we will see 15-1 territory in 2024. And the Wallet Investor portal predicts next year will close out around 16-to-1.

High interest-rate differentials relative to the U.S. have also contributed to the peso appreciation. The Mexican peso has gained around 18 percent against the dollar in the past two years. A sustained appreciation of the peso boosts the relative cost of exports and reduces the cost of imports and could slow growth.

$ 1 = $ 19.32 (USD to MXN) Get the best exchange rate to transfer money from USA to Mexico (Us dollars to Mexican pesos)

A “new peso” is equivalent to 1000 pesos of the previous monetary unit. Banknotes belonging to the C-type entered circulation in 1994 and have design features similar to those of B-type banknotes. They are denominated in “new pesos.” A “new peso” is equivalent to 1000 pesos of the previous monetary unit.

Examples of present-day values

a $100,000 peso note dating back to 1991 is exchangeable today for a current-day $100 peso note; $1 and $5 peso notes dating back to pre-1975 are worth fractions of a Mexican cent and are now no more than museum pieces and collectors' items.

The lowest Philippine peso to US dollars rate was on June 27, 2024 when 1 Philippine peso was worth 0.0170 US dollar.