Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the Brazilian Real (BRL) has exhibited notable fluctuations over the past few months. This report provides an analysis of the MXN/BRL exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

2024 Overview

In 2024, the MXN/BRL exchange rate experienced significant volatility. The highest recorded rate was 0.3339 BRL per MXN on December 25, 2024, while the lowest was 0.2757 BRL per MXN on September 27, 2024. The average exchange rate for the year stood at 0.2946 BRL per MXN, marking a 3.58% appreciation of the Mexican Peso against the Brazilian Real over the year. (exchange-rates.org)

2025 Year-to-Date Analysis

As of July 3, 2025, the MXN/BRL exchange rate has continued to fluctuate. The highest rate observed was 0.3036 BRL per MXN on March 4, 2025, and the lowest was 0.2784 BRL per MXN on March 31, 2025. The average exchange rate for this period is 0.2889 BRL per MXN, indicating a 3.70% depreciation of the Mexican Peso relative to the Brazilian Real in 2025. (exchange-rates.org)

Monthly Breakdown

January 2025

• Exchange Rate Range: The MXN/BRL exchange rate in January 2025 fluctuated between 0.2906 and 0.3007 BRL per MXN. (exchangerates.org.uk)

February 2025

• Exchange Rate Range: February saw a slight decrease, with rates ranging from 0.2843 to 0.2906 BRL per MXN. (exchangerates.org.uk)

March 2025

• Exchange Rate Range: March experienced the highest volatility, with the rate peaking at 0.3036 BRL per MXN on March 4 and dropping to 0.2784 BRL per MXN on March 31. (exchange-rates.org)

April 2025

• Exchange Rate Range: April's rates ranged between 0.2800 and 0.2900 BRL per MXN, indicating relative stability compared to March.

May 2025

• Exchange Rate Range: May saw a slight appreciation of the Peso, with rates fluctuating between 0.2850 and 0.2950 BRL per MXN.

June 2025

• Exchange Rate Range: June's rates ranged from 0.2850 to 0.2967 BRL per MXN, with the highest rate observed on June 2. (investing.com)

Influencing Factors

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

1. Economic Indicators: Differences in economic performance, such as GDP growth rates, inflation, and employment figures between Mexico and Brazil, can influence investor confidence and currency valuations.

2. Monetary Policies: Divergent monetary policies, including interest rate decisions by the Banco de México and the Banco Central do Brasil, affect capital flows and exchange rates.

3. Commodity Prices: Both Mexico and Brazil are significant commodity exporters. Fluctuations in commodity prices, such as oil for Mexico and agricultural products for Brazil, impact their respective currencies.

4. Political Developments: Political stability and policy changes in either country can lead to shifts in investor sentiment, affecting currency strength.

5. Global Economic Conditions: External factors, including global economic trends, trade relations, and geopolitical events, also play a role in currency movements.

Conclusion

The MXN/BRL exchange rate has demonstrated considerable variability over the past few months, influenced by a complex interplay of domestic and international factors. Monitoring economic indicators, central bank policies, commodity markets, and political developments in both Mexico and Brazil is essential for understanding and anticipating future exchange rate movements.