USD
MXN
What USD/MXN is
USD/MXN (also written USDMXN) is the price of the US dollar in Mexican pesos. The US dollar is the base currency, the currency being priced. The Mexican peso is the quote currency, the currency the price is shown in.
If the quote rises, a dollar buys more pesos, so the dollar has strengthened against the peso. If it falls, the peso has strengthened.
USD/MXN is an exotic pair: a major currency paired with an emerging-market currency. Exotic pairs usually trade in thinner volume than majors such as EUR/USD, so spreads tend to be wider, swaps tend to be larger, and prices can gap more sharply. For the difference between pair groups, see Majors, minors, exotics.
How to read the quote
A broker shows USD/MXN as two prices:
- Bid: the price at which you can sell the dollar against the peso.
- Ask: the price at which you can buy it.
The gap between them is the spread, a cost you pay on every trade. Because the peso has a much lower unit value than the dollar, USD/MXN is quoted in larger figures than most major pairs. Always check the number of decimal places your platform shows before you work out distances.
Pip size and pip value per lot
A pip is the standard unit of price change for a pair. A lot is the standard trade size. Your platform's contract specification shows the contract size for one standard lot.
Pip value is calculated in this order:
- Multiply the pip size by the contract size and by your lot size. This gives the pip value in Mexican pesos, the quote currency.
- Convert that peso amount into your account currency. For a USD account, divide by the current USD/MXN rate.
Pip value in dollars changes as the exchange rate moves. A higher USD/MXN rate means each pip is worth fewer dollars. Use the calculator below with your own lot size and the current rate.
Fill in the empty fields to see the result.
What tends to move USD/MXN
We do not publish a USDMXN forecast. What follows are the factors that commonly affect the pair, so you can follow the news yourself.
US dollar side
- Federal Reserve policy. Rate decisions and the dot plot, which shows Fed officials' projections for future rates, change expectations for US yields.
- US jobs (NFP) and CPI. The non-farm payrolls report and consumer inflation data often move the dollar sharply on release.
- Treasury yields. Higher US yields reduce the yield advantage of holding pesos over dollars.
- Global risk appetite. When markets turn risk-averse, money often leaves emerging-market currencies such as the peso.
Mexican peso side
- Banxico policy and carry demand. Bank of Mexico rates are usually higher than US rates. This attracts carry trades, where traders borrow in a low-rate currency and hold a higher-rate one. When those positions unwind, the peso can weaken fast.
- US trade and remittances. Mexico's economy is closely tied to US demand. Trade flows and money sent home by workers in the US affect peso supply and demand.
- US politics. Tariff talk, trade agreement reviews and migration policy can move the peso quickly, sometimes outside normal data releases.
For the general approach, see Fundamental analysis.
Liquidity by session and spread behaviour
Liquidity in USD/MXN is usually deepest when the New York session is open, because the US and Mexico share similar time zones and most peso trading happens then. The London–New York overlap also tends to be active.
During the Asian session and around the daily rollover, fewer participants trade the peso. Spreads on exotic pairs often widen at these times, and they can widen further around major news and at the weekly open.
Weekend gap risk. If news breaks while markets are closed, the price can open far from Friday's close. Stop-loss orders may then fill at a worse price than the level you set.
USD/MXN on Exness: what to check
Our sourced facts do not confirm the current USD/MXN specification at Exness. Before trading, open the instrument in your platform and check whether it is listed for your account type. Also check its contract size, spread, swap, margin requirement and trading hours.
Some account-level facts are general:
- The minimum lot size on account specifications is 0.01 lot, though some instruments differ.
- Forex orders opened during high-margin-requirement periods are subject to leverage of 1:200 (0.5%). These periods run from 15 minutes before to 90 seconds after high-impact news.
- Clients registered from Pakistan are on the list where swap-free status is assigned automatically. Exness says the status depends on trading activity, so check which instruments it covers in your Personal Area. See Swap fees.
Margin is the amount your broker sets aside to keep a leveraged position open. Leverage lets you control a larger position than your deposit, which magnifies both gains and losses. Use the calculator to see the margin needed at a chosen leverage.
Fill in the empty fields to see the result.
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Partner link · trading carries a high risk of loss
Risk and the legal position in Pakistan
Leveraged forex and CFD trading can lose money fast. Exotic pairs such as USD/MXN can move sharply on a single headline. Size positions so that a gap or spread widening does not wipe out your account. See Risk management.
On the legal side, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Read Law and regulators before deciding anything.
Frequent questions
What does USD/MXN mean?
It is the price of one US dollar in Mexican pesos. The dollar is the base currency and the peso is the quote currency.
Is there a USDMXN forecast on this page?
No. We explain what tends to move the pair but give no price levels, forecasts or trade ideas.
Why are USD/MXN spreads wider than on EUR/USD?
USD/MXN is an exotic pair with less trading volume. Spreads tend to widen further outside the New York session and around news.
How do I calculate pip value for the dollar peso pair?
Work out the pip value in pesos using the pip size, contract size and lot size, then convert it into your account currency. The pip calculator on this page does this for you.
Can I trade USD/MXN on Exness?
Our sourced facts do not confirm this. Check whether the pair is listed, and its current specification, in your trading platform or the Exness Personal Area.
Does carry trading affect USD/MXN?
Often, yes. The rate gap between Banxico and the Fed draws carry positions into the peso, and these can unwind quickly when risk appetite falls.
