Exchange Rate Calculator

The exchange rate between the Euro (EUR) and the Mexican Peso (MXN) is a critical indicator for businesses, investors, and policymakers engaged in Eurozone and Mexican markets. This report provides an analysis of the EUR/MXN exchange rate over the past few months, examining historical trends, technical indicators, and future forecasts to offer a comprehensive understanding of its dynamics.

Historical Trends

Over the past six months, the EUR/MXN exchange rate has exhibited notable fluctuations. Between September 18, 2024, and March 17, 2025, the rate increased by approximately 1.71%, indicating a strengthening of the Euro against the Mexican Peso. The highest exchange rate during this period was 22.129 MXN per EUR on March 11, 2025, while the lowest was 20.944 MXN per EUR on December 20, 2024. (exchange-rates.org)

In the first quarter of 2025, the exchange rate continued its upward trajectory. On March 20, 2025, the rate stood at 21.90 MXN per EUR, reflecting a 0.80% increase from the previous market day and a 19.97% rise compared to the same date in the previous year. (ycharts.com)

Technical Analysis

Technical indicators as of March 27, 2025, suggest a bullish trend for the EUR/MXN currency pair. The Relative Strength Index (RSI) at 65.172 indicates buying momentum, while the Moving Average Convergence Divergence (MACD) value of 0.056 supports this bullish outlook. Additionally, all moving averages (MA5, MA10, MA20, MA50, MA100, and MA200) signal a 'Buy' action, reinforcing the positive sentiment in the market. (investing.com)

Forecasts and Projections

Looking ahead, various forecasts present differing perspectives on the EUR/MXN exchange rate:

• Bullish Forecasts: Some analyses predict an increase in the exchange rate. For instance, a forecast anticipates the rate to rise to $23.28 MXN per EUR within the next month, representing a 6.10% increase from the current rate of $21.94. This projection is based on a bullish market sentiment and technical indicators. (coincodex.com)

• Bearish Forecasts: Conversely, other projections suggest a potential decline. One analysis forecasts the rate to decrease from 21.870 to 20.666, indicating a change of -5.5030%. (walletinvestor.com)

• Moderate Forecasts: Some forecasts predict a slight decrease in the exchange rate. For example, a projection anticipates the rate to fall to 21.1325 in one month, a 4.06% decrease from the current rate of 22.0267. (exchangerates.org.uk)

Factors Influencing the Exchange Rate

Several factors contribute to the fluctuations in the EUR/MXN exchange rate:

• Economic Indicators: GDP growth, inflation rates, and interest rates in both the Eurozone and Mexico significantly impact the exchange rate. For instance, higher interest rates in the Eurozone compared to Mexico can attract investors seeking better returns, leading to an appreciation of the Euro against the Peso.

• Geopolitical Events: Political stability, trade agreements, and geopolitical tensions can influence investor confidence and, consequently, currency values. For example, uncertainties surrounding trade negotiations between the European Union and Mexico can lead to volatility in the exchange rate.

• Central Bank Policies: Decisions by the European Central Bank (ECB) and the Bank of Mexico regarding monetary policies, such as interest rate adjustments and quantitative easing measures, play a crucial role in determining the exchange rate.

Conclusion

The EUR/MXN exchange rate has experienced significant fluctuations over the past few months, influenced by a combination of economic indicators, geopolitical events, and central bank policies. While technical analysis as of late March 2025 indicates a bullish trend, forecasts for the near future present a range of possibilities, from appreciation to depreciation of the Euro against the Mexican Peso. Stakeholders should closely monitor these factors and consider both technical indicators and fundamental analyses when making decisions related to the EUR/MXN currency pair.