USDMXN (US Dollar vs Mexican Peso). Exchange rate and online charts.
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24 Mar 2025 23:15
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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
- Last week, the pair moved downward and tested the 14.6% retracement level at 1.2879 (red dashed line), closing the weekly candle at 1.2915. In the upcoming week, the price may continue moving upward.
Author: Stefan Doll
14:24 2025-03-24 UTC+2
1108
Technical analysis / Video analytics
Forex forecast 24/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin
Technical analysis of EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin.Author: Sebastian Seliga
15:34 2025-03-24 UTC+2
853
Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, #Litecoin – March 24th
In the coming days, GBP is expected to move sideways with a flat bias. Pressure on the lower boundary of the support zone is possible, followed by stabilization and the formation of reversal conditions.Author: Isabel Clark
12:21 2025-03-24 UTC+2
838
- USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)
Author: Jakub Novak
17:13 2025-03-24 UTC+2
793
The outcomes of the Bank of England and FOMC meetings contradicted each other.Author: Samir Klishi
12:25 2025-03-24 UTC+2
793
Wave analysis
Weekly Forecast Based on Simplified Wave Analysis: EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, #Ripple – March 24th
A continuation of the overall sideways movement of the euro is expected in the coming week, fluctuating between the nearest opposing zones. A downward vector is more likely in the early days.Author: Isabel Clark
12:13 2025-03-24 UTC+2
733
- Technical analysis
Trading Signals for GOLD (XAU/USD) for March 24-27, 2025: sell below $3,032 (21 SMA - overbought)
The eagle indicator is reaching overbought levels, so we believe a technical correction could occur in the coming days, before resuming its bullish cycle.Author: Dimitrios Zappas
17:44 2025-03-24 UTC+2
718
The bulls attacked for two weeks, but now it's time for a pause.Author: Samir Klishi
13:55 2025-03-24 UTC+2
718
GBP/USD: Trading Plan for the U.S. Session on March 24th (Review of Morning Trades)Author: Miroslaw Bawulski
17:05 2025-03-24 UTC+2
688
- Last week, the pair moved downward and tested the 14.6% retracement level at 1.2879 (red dashed line), closing the weekly candle at 1.2915. In the upcoming week, the price may continue moving upward.
Author: Stefan Doll
14:24 2025-03-24 UTC+2
1108
- Technical analysis / Video analytics
Forex forecast 24/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin
Technical analysis of EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin.Author: Sebastian Seliga
15:34 2025-03-24 UTC+2
853
- Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, #Litecoin – March 24th
In the coming days, GBP is expected to move sideways with a flat bias. Pressure on the lower boundary of the support zone is possible, followed by stabilization and the formation of reversal conditions.Author: Isabel Clark
12:21 2025-03-24 UTC+2
838
- USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)
Author: Jakub Novak
17:13 2025-03-24 UTC+2
793
- The outcomes of the Bank of England and FOMC meetings contradicted each other.
Author: Samir Klishi
12:25 2025-03-24 UTC+2
793
- Wave analysis
Weekly Forecast Based on Simplified Wave Analysis: EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, #Ripple – March 24th
A continuation of the overall sideways movement of the euro is expected in the coming week, fluctuating between the nearest opposing zones. A downward vector is more likely in the early days.Author: Isabel Clark
12:13 2025-03-24 UTC+2
733
- Technical analysis
Trading Signals for GOLD (XAU/USD) for March 24-27, 2025: sell below $3,032 (21 SMA - overbought)
The eagle indicator is reaching overbought levels, so we believe a technical correction could occur in the coming days, before resuming its bullish cycle.Author: Dimitrios Zappas
17:44 2025-03-24 UTC+2
718
- The bulls attacked for two weeks, but now it's time for a pause.
Author: Samir Klishi
13:55 2025-03-24 UTC+2
718
- GBP/USD: Trading Plan for the U.S. Session on March 24th (Review of Morning Trades)
Author: Miroslaw Bawulski
17:05 2025-03-24 UTC+2
688
