Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the Canadian Dollar (CAD) has experienced notable fluctuations over the past few months. This report provides an analysis of the MXN/CAD exchange rate trends, key influencing factors, and potential future outlooks.

Recent Exchange Rate Trends

Between January and June 2025, the MXN/CAD exchange rate exhibited a range of movements:

• Highs and Lows: The exchange rate peaked at 0.072838 CAD per MXN on June 27, 2025, and reached its lowest point at 0.068233 CAD per MXN on April 11, 2025. (exchangerates.org.uk)

• Average Rate: Over this period, the average exchange rate was approximately 0.070604 CAD per MXN. (exchangerates.org.uk)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in economic performance between Mexico and Canada, such as GDP growth rates, employment figures, and trade balances, can impact currency valuations.

2. Monetary Policies: Decisions by the Bank of Canada and the Bank of Mexico regarding interest rates and monetary policies influence investor confidence and capital flows, affecting exchange rates.

3. Commodity Prices: Canada's economy is significantly influenced by commodity exports, particularly oil. Fluctuations in global oil prices can affect the CAD's strength relative to the MXN.

4. Political Events: Political stability and policy changes in either country can lead to investor uncertainty, impacting currency values.

Comparative Historical Context

Looking at a broader historical context, the MXN/CAD exchange rate has shown variability:

• April 2024: The exchange rate reached an all-time high of 0.081 MXN/CAD. (ceicdata.com)

• April 2020: The exchange rate recorded a low of 0.058 MXN/CAD. (ceicdata.com)

These historical extremes highlight the exchange rate's sensitivity to various economic and geopolitical factors over time.

Future Outlook

Predicting future exchange rate movements involves considering multiple variables:

• Economic Forecasts: Projected economic growth rates for both countries will play a crucial role.

• Monetary Policy Trajectories: Anticipated changes in interest rates by the respective central banks can influence currency strength.

• Global Market Conditions: External factors, such as global trade dynamics and commodity price trends, will also impact the exchange rate.

Given the inherent volatility in currency markets, stakeholders should stay informed about ongoing economic developments and policy decisions in both Mexico and Canada.

In summary, the MXN/CAD exchange rate has experienced notable fluctuations in recent months, influenced by a complex interplay of economic indicators, monetary policies, commodity prices, and political events. Understanding these factors is essential for making informed financial decisions related to this currency pair.