Exchange Rate Calculator

The exchange rate between the Euro (EUR) and the Mexican Peso (MXN) has exhibited notable fluctuations over the past several months, influenced by various economic factors and market sentiments. This report provides an analysis of the recent trends, technical indicators, and forecasts to offer a comprehensive understanding of the EUR/MXN currency pair.

Recent Exchange Rate Trends

Between September 19, 2024, and March 16, 2025, the EUR/MXN exchange rate experienced a range of movements:

• Highest Rate: 22.126 MXN per EUR on March 11, 2025.
• Lowest Rate: 20.939 MXN per EUR on December 20, 2024.
• Average Rate: 21.447 MXN per EUR over this period.

These fluctuations reflect the dynamic nature of the forex market, influenced by economic indicators, monetary policies, and global events.

Technical Analysis

As of March 27, 2025, technical indicators suggest a bullish trend for the EUR/MXN pair:

• Relative Strength Index (RSI): At 65.172, indicating buying momentum.
• Moving Average Convergence Divergence (MACD): Positive at 0.056, suggesting upward momentum.
• Moving Averages: Both short-term (5-day) and long-term (200-day) simple moving averages are above the current rate, reinforcing the bullish outlook.

These indicators collectively point towards a strong buy signal for the EUR/MXN currency pair.

Forecasts and Projections

Different forecasting models provide varying outlooks for the EUR/MXN exchange rate:

• CoinCodex Forecast: Predicts a 6.10% increase over the next month, reaching approximately 23.28 MXN per EUR.
• WalletInvestor Forecast: Anticipates a decline to 20.666 MXN per EUR, a decrease of about 5.5%.
• ExchangeRates.org.uk Forecast: Projects a decrease to 21.1325 MXN per EUR in one month, a 4.06% drop.

These divergent forecasts highlight the inherent uncertainties in currency markets, influenced by factors such as economic policies, trade balances, and geopolitical events.

Factors Influencing the EUR/MXN Exchange Rate

Several key factors impact the EUR/MXN exchange rate:

• Economic Indicators: GDP growth rates, inflation, and employment figures in both the Eurozone and Mexico.
• Monetary Policies: Decisions by the European Central Bank and the Bank of Mexico regarding interest rates and quantitative easing.
• Trade Relations: Bilateral trade agreements and balances between the Eurozone and Mexico.
• Global Events: Political developments, natural disasters, and other unforeseen events that can cause market volatility.

Conclusion

The EUR/MXN exchange rate has shown significant variability in recent months, with technical indicators currently suggesting a bullish trend. However, forecasts for the near future are mixed, reflecting the complex interplay of economic factors affecting this currency pair. Investors and traders should remain vigilant, considering both technical analyses and fundamental economic indicators when making decisions related to the EUR/MXN exchange rate.