Convert EUR to MXN - Euro to Mexican peso Exchange Rate | FX LeadersFX Leaders
Prices update in real time
POPULAR CURRENCY CONVERTERS
<% signal.Current.pair %> <% signal.Current.rate %>
WHAT IMPACTS THE EUR/MXN EXCHANGE RATE
The EUR/MXN symbol represents the trading of the Euro against the Mexican Peso in the forex market, and offers several interesting opportunities for experienced forex traders to earn profits, when traded with care. The Euro is considered one of the most stable currencies in the world after the US dollar, and is also treated as a reserve currency. On the other hand, the Mexican peso is an emerging market currency that experiences ample volatility, making this pair a great option for forex traders who don't mind taking some risks with their trades.The high interest rates maintained by Mexico makes the MXN an attractive currency for carry trading. With good leverage and careful analysis of fundamental and technical indicators, forex traders can generate significant gains by trading EUR/MXN even when the currency pair doesn't see much price action.In addition, the EUR/MXN currency pair enjoys a negative correlation with crude oil prices, as crude oil is a key export from Mexico. This means that when the prices of crude oil rise in international markets, EUR/MXN trades bearish as the Mexican peso strengthens. On the other hand, falling crude oil prices weaken the MXN and cause this forex pair to trade bullish as a result.
EUR to MXN CONVERSION RATES
EUR
MXN
<% amount * currencies.converter.rate |toFixed: 4 %> MXN
MXN
EUR
<% amount / currencies.converter.rate |toFixed: 4 %> EUR
EUR to MXN CHARTS
EUR/MXN Live Chart
EUR/MXN Historical Chart
EUR to MXN EXCHANGE RATE - FAQ
What economic events can affect the exchange rate of EUR/MXN?

The EUR/MXN currency pair's exchange rate sees fluctuations on the release of important economic data from the Eurozone and Mexico, including GDP, CPI, employment, retail sales, trade balance, PMI readings for the manufacturing and services sectors, business confidence and industrial production.

How do central bank decisions drive movement in EUR/MXN?

Changes to monetary policy and interest rates by the European Central Bank (ECB) and the Banco de Mexico also cause changes to the value of the EUR and the MXN respectively. For instance, when the ECB tightens its monetary policy or hikes interest rates, the EUR strengthens, turning the EUR/MXN currency pair bullish, and vice versa.

What was the highest value of EUR/MXN this year?

The EUR/MXN touched a high of 27.8899 on 6 April 2020. This is the strongest level this currency pair has traded at so far this year.