Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the Mexican Peso (MXN) has experienced notable fluctuations over the past several months. This report provides an analysis of the INR/MXN exchange rate trends, highlighting key movements and potential influencing factors.

Exchange Rate Trends

Recent Performance

As of March 18, 2025, the INR/MXN exchange rate stood at 1 INR to 0.229953 MXN. This reflects a depreciation of the Indian Rupee against the Mexican Peso compared to earlier in the year.

Highs and Lows

In 2025, the highest exchange rate was recorded on January 1, with 1 INR equal to 0.2435 MXN. Conversely, the lowest point occurred on March 14, when 1 INR was valued at 0.2292 MXN.

Historical Context

Looking back to 2024, the INR/MXN exchange rate exhibited a general upward trend. For instance, on January 31, 2024, 1 INR was equivalent to 0.2072 MXN, and by November 26, 2024, it had risen to 0.2450 MXN. This indicates a strengthening of the Indian Rupee against the Mexican Peso during that period.

Influencing Factors

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

1. Economic Indicators: Differences in economic growth rates, inflation, and trade balances between India and Mexico can impact their respective currencies.

2. Monetary Policies: Decisions by the Reserve Bank of India and the Bank of Mexico regarding interest rates and monetary policies influence investor confidence and currency valuations.

3. Global Market Dynamics: External factors such as commodity prices, geopolitical events, and global economic conditions can affect emerging market currencies like the INR and MXN.

Conclusion

The INR/MXN exchange rate has shown variability over the past year, with periods of both appreciation and depreciation. Understanding the underlying economic and policy factors is essential for stakeholders engaged in trade or investment between India and Mexico.