Exchange Rate Calculator

The exchange rate between the Hong Kong Dollar (HKD) and the Mexican Peso (MXN) has experienced notable fluctuations over the past few months. This report provides an analysis of the HKD/MXN exchange rate trends, examining the factors influencing these movements and offering insights into potential future developments.

Recent Exchange Rate Trends

In 2025, the HKD/MXN exchange rate has exhibited significant volatility. The highest rate recorded was 2.7164 MXN per HKD on February 2, 2025, while the lowest was 2.3982 MXN per HKD on June 28, 2025. The average exchange rate over this period was approximately 2.5646 MXN per HKD. (exchangerates.org.uk)

Comparatively, in 2024, the exchange rate ranged from a low of 2.0846 MXN per HKD on April 8 to a high of 2.6867 MXN per HKD on December 31, with an average rate of 2.3490 MXN per HKD. (exchange-rates.org)

Factors Influencing Exchange Rate Movements

Several factors have contributed to the fluctuations in the HKD/MXN exchange rate:

1. Economic Indicators: Key economic metrics such as GDP growth, inflation rates, and interest rates in both Hong Kong and Mexico significantly impact their respective currencies. For instance, if Mexico's economy grows at a faster pace than Hong Kong's, the MXN may strengthen against the HKD.

2. Geopolitical Events: Political stability, trade agreements, and international relations can influence investor confidence and currency valuations. Any political unrest or significant policy changes in either country can lead to exchange rate volatility.

3. Central Bank Policies: Decisions made by the Hong Kong Monetary Authority and the Bank of Mexico regarding interest rates and monetary policies directly affect currency strength. Divergent monetary policies between the two institutions can lead to shifts in the exchange rate.

4. Global Market Sentiment: As both currencies are influenced by global economic conditions, factors such as commodity prices, especially oil (a significant export for Mexico), and global financial market trends can impact the HKD/MXN exchange rate.

Analysis of Recent Trends

The decline in the HKD/MXN exchange rate from its peak in February 2025 to its lowest point in June 2025 suggests a strengthening of the MXN relative to the HKD. This trend could be attributed to several factors:

• Economic Performance: If Mexico's economy outperformed Hong Kong's during this period, it would bolster the MXN. Conversely, any economic slowdown in Hong Kong could weaken the HKD.

• Interest Rate Differentials: If the Bank of Mexico raised interest rates to combat inflation while the Hong Kong Monetary Authority maintained or lowered rates, the yield differential would attract investors to the MXN, increasing its value against the HKD.

• Trade Balances: A favorable trade balance for Mexico, possibly due to increased exports or reduced imports, would increase demand for the MXN, strengthening it against the HKD.

Future Outlook

Predicting future exchange rate movements involves considerable uncertainty; however, several scenarios could unfold:

• Continued MXN Strength: If Mexico's economic growth remains robust and the central bank maintains higher interest rates, the MXN may continue to appreciate against the HKD.

• HKD Recovery: Should Hong Kong's economy rebound strongly or if the Hong Kong Monetary Authority adjusts monetary policies to attract investment, the HKD could regain strength relative to the MXN.

• External Shocks: Global economic events, such as changes in U.S. monetary policy, fluctuations in commodity prices, or geopolitical tensions, could impact both currencies, leading to unpredictable exchange rate movements.

Conclusion

The HKD/MXN exchange rate has experienced notable fluctuations in recent months, influenced by a complex interplay of economic indicators, central bank policies, and global market sentiments. Investors and businesses engaged in transactions involving these currencies should closely monitor these factors to make informed decisions. Staying abreast of economic developments in both Hong Kong and Mexico, as well as global economic trends, will be crucial in navigating the dynamic foreign exchange landscape.