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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
0.40 HKD
Exchange Rate
as of May 20, 2025 at 6:40 PM
1 MXN =
0.40 HKD
Market analysis of MXN to HKD currency exchange rates
Analysis as of April 2025
The exchange rate between the Mexican Peso (MXN) and the Hong Kong Dollar (HKD) has experienced notable fluctuations over the past several months. This report provides an analysis of the MXN/HKD exchange rate trends, highlighting key movements and potential influencing factors.
Exchange Rate Trends
2024 Overview
In 2024, the MXN/HKD exchange rate exhibited significant volatility. The highest rate was recorded on April 8, 2024, at 1 MXN = 0.4797 HKD, while the lowest occurred on December 31, 2024, at 1 MXN = 0.3722 HKD. The average exchange rate for the year stood at 1 MXN = 0.4283 HKD.
Early 2025 Developments
In the initial months of 2025, the exchange rate continued to fluctuate within a narrower range. On January 1, 2025, the rate was 1 MXN = 0.3729 HKD, reaching a peak of 1 MXN = 0.3774 HKD on January 2, 2025. The average rate for January 2025 was 1 MXN = 0.3757 HKD.
March 2025 Movements
By March 2025, the exchange rate showed a slight upward trend. For instance, on March 17, 2025, the rate was 1 MXN = 0.3894 HKD.
Influencing Factors
Several factors have contributed to the observed fluctuations in the MXN/HKD exchange rate:
Economic Performance: Mexico's economic indicators, such as GDP growth, inflation rates, and trade balances, directly impact the value of the Peso. Similarly, Hong Kong's economic health influences the HKD.
Monetary Policies: Decisions by the Bank of Mexico regarding interest rates and monetary policies affect investor confidence and currency valuation. The Hong Kong Monetary Authority's policies also play a crucial role.
Global Market Sentiment: External factors, including global economic conditions, commodity prices, and geopolitical events, can lead to shifts in investor behavior, impacting currency demand and exchange rates.
Conclusion
The MXN/HKD exchange rate has experienced notable fluctuations over the past year, influenced by a combination of domestic economic performance, monetary policies, and global market dynamics. Investors and businesses engaged in transactions between Mexico and Hong Kong should remain vigilant, monitoring these factors to make informed decisions.
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