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MXN to EUR - Mexican Peso to Euro Converter

Convert Mexican Peso to Euro with daily ECB exchange rates

1 MXN = ~0.0488 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

MXN can swing with commodity prices and US policy; mental math is unreliable—always check live rates.

Rates can move 2-5% in a week. Use live converter for accuracy.

⚠️ Always verify before transactions📊 Monitor rate trends🔔 Set rate alerts

Common MXN - EUR Conversions

24h Change
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7d Change
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30d Change
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1y Change
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Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Key drivers include monetary policy decisions from Banxico and the ECB, inflation differentials, Mexico–EU trade factors, political events, and global risk sentiment. Rates move as markets reassess these factors in real time.

Economic Context

Trading Relationship

Mexico and Europe engage in substantial trade in manufactured goods, automotive components, and agricultural products. The MXN/EUR rate influences pricing and terms across supply chains, from Mexican exporters to European distributors.

Key Rate Factors

  • •Banco de México policy decisions
  • •European Central Bank monetary policy
  • •Mexico-EU trade balance and tariffs
  • •Eurozone economic health and political stability
  • •Global risk sentiment and safe-haven flows into USD

Central Banks

Banco de México
Mexico City, Mexico
Sets monetary policy to anchor inflation and stabilize prices, influencing interest rates and liquidity in the Mexican economy.
European Central Bank
Frankfurt, Germany
Formulates monetary policy for the Eurozone, controlling interest rates and money supply to maintain price stability.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates