USDMXN exchange rate | SimpleFX ```json { "@context": "https://schema.org", "@type": "FinancialProduct", "name": "USD/MXN", "description": "Trade USD/MXN with SimpleFX. Real-time forex trading with competitive spreads, and professional trading platform.", "identifier": "USDMXN", "category": "Forex", "provider": { "@type": "FinancialService", "name": "SimpleFX", "url": "https://basitfx.com", "description": "Online Trading Platform", "areaServed": "Worldwide" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/usdmxn" }, "url": "https://basitfx.com/instruments/usdmxn", "sameAs": [ "http://www.banxico.org.mx/" ], "offers": { "@type": "Offer", "price": 17.20773, "priceCurrency": "MXN", "availability": "https://schema.org/InStock", "seller": { "@type": "FinancialService", "name": "SimpleFX" } }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Spread", "value": "0.00354 pips" }, { "@type": "PropertyValue", "name": "Contract Size", "value": 100000 }, { "@type": "PropertyValue", "name": "Margin Currency", "value": "MXN" } ] } ``` ```json { "@context": "https://schema.org", "@type": "InvestmentOrDeposit", "name": "USDMXN Trading", "description": "Learn how to trade USDMXN with SimpleFX's professional trading platform.", "category": "Trading Strategy", "provider": { "@type": "FinancialService", "name": "SimpleFX" }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://basitfx.com/instruments/usdmxn" } } ``` ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://basitfx.com" }, { "@type": "ListItem", "position": 2, "name": "Instruments", "item": "https://basitfx.com/instruments" }, { "@type": "ListItem", "position": 3, "name": "Forex", "item": "https://basitfx.com/instruments/?category=forex" }, { "@type": "ListItem", "position": 4, "name": "USDMXN" } ] } ``` ```json { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is USD/MXN (USDMXN) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "USD/MXN (USDMXN) is a forex CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on USDMXN?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on USDMXN at SimpleFX is 0.00354 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for USDMXN?", "acceptedAnswer": { "@type": "Answer", "text": "USDMXN can be traded with up to 1:100 leverage on SimpleFX, which corresponds to a margin requirement of 1.00%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is USDMXN margined in?", "acceptedAnswer": { "@type": "Answer", "text": "USDMXN positions on SimpleFX are margined in MXN. Your account balance in MXN is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for USDMXN?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for USDMXN on SimpleFX is 100000. Position sizes are calculated based on this contract unit." } } ] } ``` 78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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English AR - العربية ES - Español FR - Français HI - Hindi ID - Bahasa Indonesia KO - Korean MY - Malay PT-BR - Português RU - Русский TH - ภาษาไทย TR - Türkçe VI - Tiếng Việt ZH - 中文 * [](/ "Home") * [Instruments search](/instruments) * [Forex instruments](/instruments/?category=forex) * USDMXN [USDMXN exchange rate](https://app.basitfx.com/instruments/USDMXN) ================================================================== USD/MXN ------- 17.20441 MXN +0 (+0.07%) 1H 4H 1D 1W 1MN USDMXN Key Statistics --------------------- Open price 17.19195 High today 17.20733 Low today 17.19195 52 Week high 19.4414 52 Week low 17.08534 ##### Trading hours \-12:00 \-11:00 \-10:00 \-09:00 \-08:00 \-07:00 \-06:00 \-05:00 \-04:00 \-03:00 \-02:00 \-01:00 UTC 00:00 +01:00 +02:00 +03:00 +03:30 +04:00 +04:30 +05:00 +05:30 +05:45 +06:00 +07:00 +08:00 +09:00 +09:30 +10:00 +11:00 +12:00 +12:45 +13:00 +14:00 UTC 00:00 Sunday \- Monday \- Tuesday \- Wednesday \- Thursday \- Friday \- Saturday \- ##### Symbol trading specification Description USDMXN Exchange OTC Base Currency USD Quote Currency MXN Contract size 100000 Margin 1.00%\* \* for 1:1000 account leverage Tick size 0.00001 Target Spread 0.00354 Stop levels 0 Swap - Buy \-0.0289% Swap - Sell 0.0020% Minimum contract size 0.01 Maximum contract size 1 Type Forex [Trade USD/MXN](https://app.basitfx.com/instruments/USDMXN/chart) ### About USDMXN **USDMXN is an exotic pair consisting of the US dollar (USD) as the base currency and the Mexican peso (MXN) as the quote currency. Among the exotic pairs that include the USD, USDMXN is a favorite among traders and the most heavily traded. USDMXN refers to how many MXN are needed to buy 1 USD.** #### What is USDMXN? One of the most controversial forex indexes remains between the US Dollar and the Mexican Peso. The two countries have a vast trade history, and they are North American neighbors in the NAFTA treaty for the free capital and trade movement in North America with Mexico and Canada. However, the Mexican Peso has been degrading throughout the years, and the forex index has produced some excellent profits for people who invested in it. The USDMXN is one of the leading forex indexes in North America. Dollars to pesos works around the clock. Mexico and the United States have the same time zone, so their markers work simultaneously. However, the Mexican Central Bank has a different policy than the FED regarding overnight interest rates. That has affected the long-term Mexican Peso price and given people the right to save their money in US Dollars even though they reside and work in Mexico. To understand [how to invest in USDMXN](/how-to-invest-in/USDMXN), traders must understand this rich historical and geopolitical connection. #### How does USD MXN work? The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn [how to trade USDMXN](/how-to-trade/USDMXN). It gives access to the simulation of real-time market conditions without financial risks. The USDMXN market works daily. Traders can invest in it by opening an account on the SimpleFX platform. There is the chance to put a call option to enter the index only when it reaches a certain level. Even though the USDMXN fluctuations exist, it could be better to make it happen daily. The USD MXN forex index shows the relative strength or weakness of the dollar to Mexican Pesos. Even though the two currencies have an almost 200-year history, their issuing policies differ significantly. Therefore, investing in the USDMXN is better only when you are sure about your willingness to wait a long time before you exit the index with profits. Both fiscal authorities prevent short-selling to ensure that their currencies avoid market manipulation. However, having some of your savings invested in the MXN to USD currency pair could be reasonable, especially when you are a North American and want a better return on your investments. #### Current USDMXN price The current USDMXN price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform. #### MXN/USD: Peso to dollar chart Traders can check the MXN/USD chart on the SimpleFX platform and above the instrument description. The peso to dollar chart can be used to analyze the potential changes during the previous economic events that might affect the price of the asset. #### USDMXN price history Here is the latest historical performance of the USDMXN index: **2018** During 2018, the USDMXN index was close to 19 Mexican Pesos for 1 US Dollar. That happened due to the loosening of the Mexican economy, which showed some impressive inflation rates affecting the actual price of the Mexican Peso in the world trade forex market. **2019** 2019 was a relatively easy and stabilizing year for Mexican-American economic relations. That has been depicted in the USDMXN price, which stabilized at 19.5 Mexican Pesos for 1 US Dollar. It is one of the highest we have seen lately and helped many investors get a good return on their investment in the Forex index. **2020** With the pandemic outbreak, we have seen production stop in Mexico for at least two months. That made the forex index go close to 22 Mexican Pesos for 1 US Dollar. However, by the end 2020, the equivalency had returned to the usual 19 Pesos for 1 US Dollar. **2021** Even though the Mexican Central Bank has tried to peg the Mexican Peso price to the US Dollar, the former has depreciated in 2021. The forex index price was close to 20 Mexican Pesos for 1 US Dollar throughout the year, showing the relative strength of the US economy compared to the Mexican one. **2022** Fears of inflation in the US economy forced the index rate to go lower at 19 Mexican Pesos for 1 US Dollar. That trend in 2022 remains the same for 2023 when the global economy stabilizes after the world's energy crisis and the European War outbreak. #### Is investing USD MXN good? Whether **investing in USD MXN** good depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors eager to learn [how to invest in forex](/how-to-invest-in/forex) worldwide. [Read more Close](#) Similar instruments [AUD/USD AUDUSD 0.72373  \-0.00 (-0.10%)](/instruments/AUDUSD)  [CHF/PLN CHFPLN 4.62339  +0.00 (+0.01%)](/instruments/CHFPLN)  [EUR/CZK EURCZK 24.3071  +0.00 (+0.02%)](/instruments/EURCZK)  [EUR/DKK EURDKK 7.47204  \-0.00 (-0.00%)](/instruments/EURDKK)  [EUR/HKD EURHKD 9.21518  \-0.00 (-0.04%)](/instruments/EURHKD)  [EUR/HUF EURHUF 355.751  +0.36 (+0.10%)](/instruments/EURHUF)  [EUR/MXN EURMXN 20.25512  +0.01 (+0.03%)](/instruments/EURMXN)  [EUR/NOK EURNOK 10.81222  \-0.00 (-0.03%)](/instruments/EURNOK)  [EUR/PLN EURPLN 4.2377  +0.00 (+0.01%)](/instruments/EURPLN)   ##### Trade USD/MXN the Simplest way. [Trade USDMXN](https://app.basitfx.com/instruments/USDMXN/chart) Don't have an account yet? 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