Mexican Peso (MXN) historical rate to Euro (EUR)

The MXN/EUR currency pair expresses the value of the Mexican peso (base currency) in terms of the euro (quote currency). This directed rate is commonly used by Mexican importers paying European suppliers, European tourists visiting Mexico, and investors with cross-border exposure between the two economies. When the MXN/EUR rate rises, the peso has appreciated against the euro, meaning one peso buys more euros; a falling rate indicates peso depreciation.

The pair is influenced by the monetary policies of the Bank of Mexico (Banxico) and the European Central Bank (ECB). Interest rate differentials are a key driver: higher Mexican rates relative to eurozone rates tend to attract carry trade flows, supporting the peso, while narrowing differentials can weigh on MXN. Inflation trends, economic growth divergences, and commodity prices (especially oil, a major Mexican export) also play roles. Additionally, risk sentiment affects the peso as an emerging-market currency, with global risk-off episodes often leading to MXN weakness. Trade flows, tourism, and remittances further shape supply and demand for the pair.

Over recent years, MXN/EUR has experienced notable swings driven by shifting interest rate expectations, global risk appetite, and commodity cycles. The peso strengthened during periods of high Mexican rates and robust oil prices, but weakened during global uncertainty and monetary tightening in the eurozone. Without specific historical data, the pair's trajectory has broadly reflected the interplay between Mexico's cyclical sensitivity and the euro's status as a major reserve currency. Future movements will depend on relative monetary policy paths, inflation dynamics, and global economic conditions.