Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the Hong Kong Dollar (HKD) has experienced notable fluctuations over the past few years. Understanding these trends is essential for businesses, investors, and individuals engaged in transactions between Mexico and Hong Kong. This report provides an analysis of the MXN/HKD exchange rate, highlighting key movements and underlying factors influencing these changes.

Exchange Rate Trends from 2024 to Mid-2025

2024 Overview:

• Highest Rate: On April 8, 2024, the MXN reached its peak against the HKD at 0.4797.

• Average Rate: Throughout 2024, the average exchange rate was 0.4283.

• Lowest Rate: By December 31, 2024, the rate had declined to 0.3722.

This downward trend indicates a depreciation of the MXN relative to the HKD over the year. (exchange-rates.org)

First Half of 2025:

• Lowest Rate: The year began with the MXN at 0.3722 HKD on January 1, 2025.

• Average Rate: Between January and June 2025, the average exchange rate was 0.3892.

• Highest Rate: On June 12, 2025, the MXN appreciated to 0.4155 HKD.

This period reflects a recovery of the MXN against the HKD, with a 10.65% increase in value. (exchange-rates.org)

Factors Influencing Exchange Rate Movements

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

1. Economic Indicators:

• Mexico: Economic growth, inflation rates, and monetary policies have a direct impact on the MXN's strength. For instance, higher inflation in Mexico can erode the purchasing power of the Peso, leading to depreciation.

• Hong Kong: As a major financial hub, Hong Kong's economic stability and trade balances influence the HKD. A strong trade surplus can bolster the HKD's value.

1. Geopolitical Events:

• Political stability, trade agreements, and international relations affect investor confidence and currency valuations.

1. Central Bank Policies:

• Decisions by the Bank of Mexico and the Hong Kong Monetary Authority regarding interest rates and monetary policies can lead to capital flows that impact exchange rates.

Implications for Stakeholders

Understanding these exchange rate dynamics is crucial for:

• Businesses: Companies engaged in trade between Mexico and Hong Kong need to manage currency risk to protect profit margins.

• Investors: Currency fluctuations can affect the returns on investments denominated in MXN or HKD.

• Travelers and Expatriates: Exchange rate movements influence the cost of living and travel expenses.

Conclusion

The MXN/HKD exchange rate has exhibited significant volatility from 2024 through mid-2025, with a notable depreciation in 2024 followed by a recovery in the first half of 2025. These movements are influenced by a complex interplay of economic indicators, geopolitical events, and central bank policies. Stakeholders should remain vigilant and consider these factors when making financial decisions involving these currencies.