Exchange Rate Calculator

The exchange rate between the Hong Kong Dollar (HKD) and the Mexican Peso (MXN) has exhibited notable fluctuations over the past few months. This report provides an analysis of the HKD/MXN exchange rate from January to April 2025, highlighting key trends, potential influencing factors, and future projections.

Exchange Rate Trends: January to April 2025

January 2025:

• High: On January 1, the exchange rate peaked at 2.6818 MXN per HKD.
• Low: The lowest rate was recorded on January 24, at 2.6034 MXN per HKD.
• Average: Throughout the month, the average exchange rate was approximately 2.6419 MXN per HKD.

This indicates a slight depreciation of the HKD against the MXN during January.

February 2025:

• High: The highest rate occurred on February 2, reaching 2.7164 MXN per HKD.
• Low: The lowest rate was on February 18, at 2.6051 MXN per HKD.
• Average: The average exchange rate for February was 2.6320 MXN per HKD.

The HKD experienced a brief appreciation early in the month, followed by a gradual decline.

March 2025:

• High: On March 3, the exchange rate was 2.6550 MXN per HKD.
• Low: The lowest rate was on March 7, at 2.6073 MXN per HKD.
• Average: The average exchange rate for March was 2.6377 MXN per HKD.

March exhibited relative stability with minor fluctuations.

April 2025:

Specific daily exchange rates for April are not available in the provided sources. However, forecasts suggest a slight appreciation of the HKD against the MXN during this period.

Factors Influencing the HKD/MXN Exchange Rate

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

1. Economic Indicators:

   • Hong Kong: Economic performance, including GDP growth, trade balances, and monetary policies, can influence the HKD's strength.
   • Mexico: Similarly, Mexico's economic indicators, such as inflation rates, interest rates, and fiscal policies, impact the MXN's value.

2. Global Market Dynamics:

   • Commodity prices, especially oil, can affect the MXN, given Mexico's status as an oil exporter.
   • Trade relations and agreements involving Hong Kong and Mexico can also play a role.

3. Political Events:

   • Political stability and policy changes in either country can lead to investor confidence or uncertainty, affecting currency values.

Future Projections

Forecasts for the HKD/MXN exchange rate suggest a gradual appreciation of the HKD against the MXN over the next two years. For instance, projections indicate an average rate of 2.6184 MXN per HKD in April 2025, with a potential increase to 2.6575 MXN per HKD by November 2026.

However, it's essential to approach these forecasts with caution, as exchange rates are influenced by numerous unpredictable factors, including economic developments, geopolitical events, and market sentiment.

Conclusion

The HKD/MXN exchange rate has experienced moderate fluctuations from January to April 2025, with the HKD generally depreciating against the MXN. Various economic, political, and global market factors have likely contributed to these movements. While forecasts suggest a potential appreciation of the HKD in the coming years, stakeholders should remain vigilant and consider a broad range of factors when making financial decisions involving these currencies.