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EUR to MXN 2026 Forecasts

Analysis of recent euro → peso forecasts for 2026. We collate forecasts from respected FX analysts together with the latest Euro to Mexican peso performance and trends.

 

EUR/MXN Outlook:

Bearish, as the rate is currently below its recent average and near recent lows.

Key drivers:

• Rate gap: The European Central Bank is holding interest rates steady while the Bank of Mexico has recently cut rates, making the peso more attractive.

• Risk/commodities: Oil prices are significantly above their average, which may support the MXN due to Mexico's oil exports.

• One macro factor: Economic stability in Mexico is supported by Mexico's nearshoring trend, boosting foreign investment and demand for the peso.

Range:

EUR/MXN is likely to drift within its recent range, as it holds a relatively stable position below the average.

What could change it:

• Upside risk: A sudden increase in Eurozone economic data could lift the euro.

• Downside risk: Further interest rate cuts by the Bank of Mexico could weaken the peso and push the rate lower.

EUR-MXN Rate Calculator

 
   
   
   
   
 
   
 
 

EUR to MXN Market Data

Euro (EUR) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell EUR   →   Buy MXN
1 EUR =
20.40We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d−0.2%▼
 
EUR to MXN at 20.45 is 2.4% below its 3-month average of 20.95, having traded in a quite stable 4.9% range from 20.36 to 21.36
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  1 MXN = 0.049023 EUR

Compare & Save - Euro to Mexican peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Mexican peso (MXN) rates from different sources before making a conversion.

Use our EUR to MXN calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Peso currency rates and the possible savings of using various providers.

 
 

Will the Euro rise against the Mexican peso?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Euro vs Mexican peso current value is to look the EUR/MXN historic rate and change over a range of periods.

The following table looks at the change in the EUR to MXN exchange rate over periods from the previous week back to the last 10 years.

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add EUR/MXN to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more