Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the Mexican Peso (MXN) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and potential implications for stakeholders.

Recent Exchange Rate Trends

As of July 3, 2025, the CAD/MXN exchange rate stands at approximately 13.7410, reflecting a slight increase of 0.07% from the previous day's close. (poundsterlinglive.com) Over the past week, the rate has oscillated between a high of 13.794 and a low of 13.7158, indicating a relatively stable trend with minor fluctuations.

In June 2025, the exchange rate experienced a gradual decline. On June 2, 2025, the rate was 14.13965, but by June 30, it had decreased to 13.7615. (investing.com) This downward trend suggests a strengthening of the Mexican Peso relative to the Canadian Dollar during that period.

Historical Context

Looking back over the past year, the CAD/MXN exchange rate has shown significant variability. In July 2024, the rate was 13.194975, and it peaked at 14.476321 in September 2024. By December 2024, the rate had adjusted to 14.204505. (ofx.com) These fluctuations highlight the dynamic nature of the exchange rate, influenced by various economic and geopolitical factors.

Factors Influencing the Exchange Rate

Several key factors have contributed to the observed movements in the CAD/MXN exchange rate:

1. Economic Performance: Canada's economic indicators, such as GDP growth, employment rates, and trade balances, play a crucial role in determining the strength of the Canadian Dollar. Similarly, Mexico's economic performance, including its manufacturing output and export levels, influences the Peso's value.

2. Monetary Policies: Decisions by the Bank of Canada and the Bank of Mexico regarding interest rates and monetary policies directly impact their respective currencies. For instance, an interest rate hike by the Bank of Canada could strengthen the CAD, while a rate cut by the Bank of Mexico might weaken the MXN.

3. Commodity Prices: Canada is a major exporter of commodities like oil and natural gas. Fluctuations in global commodity prices can affect the Canadian economy and, consequently, the CAD's value.

4. Trade Relations: Bilateral trade agreements and disputes between Canada and Mexico, as well as their trade relationships with other countries, can influence investor confidence and currency valuations.

5. Global Economic Events: Events such as changes in U.S. monetary policy, global financial crises, or geopolitical tensions can lead to shifts in investor sentiment, affecting both the CAD and MXN.

Implications for Stakeholders

Understanding the dynamics of the CAD/MXN exchange rate is essential for various stakeholders:

• Businesses: Companies engaged in trade between Canada and Mexico need to monitor exchange rate trends to manage costs, pricing strategies, and profit margins effectively.

• Investors: Currency fluctuations can impact the returns on investments denominated in CAD or MXN. Investors should consider exchange rate risks when making investment decisions.

• Travelers: Individuals traveling between Canada and Mexico should be aware of exchange rate trends to budget appropriately and maximize the value of their money.

Conclusion

The CAD/MXN exchange rate has experienced fluctuations over the past year, influenced by a complex interplay of economic indicators, monetary policies, commodity prices, trade relations, and global events. Staying informed about these factors is crucial for businesses, investors, and travelers to make informed decisions in a dynamic economic environment.