Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the South African Rand (ZAR) has exhibited notable fluctuations over the past several months. This report provides an analysis of the MXN/ZAR exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

As of March 8, 2025, the exchange rate stood at 1 MXN to 0.900541 ZAR. This reflects a slight depreciation of the Mexican Peso against the South African Rand compared to earlier in the year.

In January 2025, the exchange rate experienced minor fluctuations. The highest rate was recorded on January 2, 2025, at 1 MXN to 0.9096 ZAR, while the lowest was on January 1, 2025, at 1 MXN to 0.9055 ZAR. The average exchange rate for January was approximately 1 MXN to 0.9074 ZAR.

Moving into February and March 2025, the exchange rate continued to show slight variations. For instance, on March 19, 2025, the rate was 1 MXN to 0.9138 ZAR, indicating a modest appreciation of the Peso compared to earlier in the month.

Historical Context

Looking back to 2024, the MXN/ZAR exchange rate exhibited more pronounced fluctuations. In August 2024, the rate peaked at 1 MXN to 0.9341 ZAR on August 23. However, by November 5, 2024, it had declined to its lowest point of 1 MXN to 0.8638 ZAR. The average exchange rate over the six months leading up to February 18, 2025, was approximately 1 MXN to 0.8984 ZAR, indicating a slight depreciation of the Peso against the Rand during that period.

Influencing Factors

Several factors may have contributed to the observed exchange rate movements between the Mexican Peso and the South African Rand:

1. Economic Performance: The relative economic performance of Mexico and South Africa can influence their respective currencies. Strong economic indicators in one country may bolster its currency against another.

2. Commodity Prices: Both Mexico and South Africa are significant exporters of commodities. Fluctuations in global commodity prices, such as oil for Mexico and minerals for South Africa, can impact their currencies' strength.

3. Monetary Policies: Decisions by the central banks of both countries regarding interest rates and monetary policies can affect investor confidence and currency valuations.

4. Global Economic Events: International events, including geopolitical tensions and global financial market trends, can lead to shifts in investor sentiment, influencing currency exchange rates.

Conclusion

The MXN/ZAR exchange rate has experienced modest fluctuations over the past several months, with the Mexican Peso showing slight depreciation against the South African Rand. These movements are influenced by a combination of economic performance, commodity prices, monetary policies, and global economic events. Investors and businesses engaged in transactions involving these currencies should monitor these factors closely to make informed decisions.