Average FX rate to USD rose 11.0% yoy to 18.9 per USD in Mexico in 3Q2024, according to the National Statistical Office. This is 9.91% more than in the previous quarter.
Historically, Average FX rate to USD in Mexico reached an all time high of 23.4 per USD in 2Q2020 and an all time low of 0.012 per USD in 4Q1973. When compared to Mexico's main peers, Average FX rate to USD in Belize amounted to 2.00 per USD, 7.74 per USD in Guatemala, 24.8 per USD in Honduras and 1.00 per USD in USA in 3Q2024.
Mexico has been ranked 63rd within the group of 142 countries we follow in terms of Average FX rate to USD, 21 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
| Belize | per USD | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | ||||||||||||||||
| Canada | per USD | 1.35 | 1.34 | 1.34 | 1.36 | 1.35 | ||||||||||||||||
| China | per USD | 6.84 | 7.02 | 7.25 | 7.23 | 7.19 | ||||||||||||||||
| El Salvador | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | ||||||||||||||||
| Guatemala | per USD | 7.83 | 7.82 | 7.86 | 7.83 | 7.81 | ||||||||||||||||
| Honduras | per USD | 24.6 | 24.6 | 24.6 | 24.7 | 24.7 | ||||||||||||||||
| Japan | per USD | 132 | 137 | 144 | 148 | 149 | ||||||||||||||||
| Mexico | per USD | 18.7 | 17.7 | 17.1 | 17.6 | 17.0 | ||||||||||||||||
| Nicaragua | per USD | 36.3 | 36.4 | 36.5 | 36.6 | 36.6 | ||||||||||||||||
| USA | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
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