Average FX rate to USD fell 11.8% to 17.8 per USD in Mexico in 2023, according to the National Statistical Office.
Historically, Average FX rate to USD in Mexico reached an all time high of 21.5 per USD in 2020 and an all time low of 0.009 per USD in 1950. When compared to Mexico's main peers, Average FX rate to USD in Belize amounted to 2.00 per USD, 7.83 per USD in Guatemala, 24.6 per USD in Honduras and 1.00 per USD in USA in 2023.
Mexico has been ranked 86th within the group of 143 countries we follow in terms of Average FX rate to USD, 1 place below the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Belize | per USD | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | ||||||||||||||||
| Canada | per USD | 1.30 | 1.30 | 1.33 | 1.34 | 1.25 | ||||||||||||||||
| China | per USD | 6.76 | 6.62 | 6.91 | 6.90 | 6.45 | ||||||||||||||||
| El Salvador | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | ||||||||||||||||
| Guatemala | per USD | 7.35 | 7.52 | 7.70 | 7.72 | 7.73 | ||||||||||||||||
| Honduras | per USD | 23.5 | 23.9 | 24.5 | 24.6 | 24.0 | ||||||||||||||||
| Japan | per USD | 112 | 110 | 109 | 107 | 110 | ||||||||||||||||
| Mexico | per USD | 18.9 | 19.2 | 19.3 | 21.5 | 20.3 | ||||||||||||||||
| Nicaragua | per USD | 30.1 | 31.6 | 33.1 | 34.3 | 35.2 | ||||||||||||||||
| USA | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
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