Live Exchange Rates - USD/MXN
Current tradable exchange rates, live from OANDA fxTrade
Understanding live exchange rates
OANDA is electronically connected to numerous global banks to access the best currency rates for its forex traders, and electronic algorithms on OANDA’s fxTrade servers update exchange rates tick-by-tick, in periods of less than a second. The currency rates shown on this page are updated less frequently, but are still a close reflection of the rates available to forex traders right now.
USD/MXN at a Glance
U.S. Dollar (Currency code: USD)
- Central bank: The Federal Reserve System (also known as the Federal Reserve, or the Fed)
- The USD (also called the greenback or buck) is the de facto global currency. Most commodities (including gold and oil) are priced in USD.
- The U.S.A. has by far the largest economy in the world.
- America faces challenges from developing economies, and has consistently large trade deficits with other nations.
Mexican Peso (Currency code: MXN)
- Central bank: Bank of Mexico
- The peso (also called “dinero”) was a stable currency until Mexico defaulted on its external debt in 1982. Years of inflation, devaluation, and recession followed.
- In 1993, Mexico introduced the nuevo peso (“new peso”), equal to 1,000 obsolete MXP pesos. “Nuevo” was later dropped from the name.
- Mexico has free trade agreements with over 50 countries. It exports manufactured goods, oil, oil products, silver, fruits, vegetables, coffee, and cotton.