The Mexican Peso (MXN) is the most traded currency in Latin America and the third most traded in the Americas after USD and CAD. The USD to MXN rate is critical for the millions of people who send remittances from the US to Mexico, cross-border trade under USMCA, and tourism between the two countries.
Mexico receives over $50 billion in remittances annually, making this one of the most important currency conversion corridors in the world.