Convert USD to MXN
Both the US and Mexico are important producers of crude oil. Whenever crude oil prices weaken, the MXN weakens and drives this currency pair bullish.
USD/MXN strengthened to 25.7573 on April 6 2020. This is the highest level this currency pair has touched so far this year.
The Mexican Peso enjoys a close correlation with other Latin American commodity currencies, especially the Brazilian Real (BRL) and Colombian Peso (COP).