Mexico Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Mexico's real effective exchange rate was 133.55 in 2026 (projected), ranked 62nd globally. This represents a 6.3% increase from 2025. Data from BIS, covering 1964–2026.
Overview
Mexico's real effective exchange rate stood at 133.55 in 2026, a rise of +7.94 from 2025. Based on recent trends, this figure is projected to reach 143.38 by 2027. Mexico ranked 62nd globally.
Mexico’s real effective exchange rate (REER) stood at 133.55 in 2026, placing the country 62nd in a global ranking of 63 economies and indicating a modest appreciation relative to its peers. The series, which spans 63 years from 1964, shows a long‑term decline from an early‑period level of 147.12, yet the REER remains well below the all‑time peak of 166.74 recorded in 1975, a period of strong export‑driven growth and limited capital inflows. The deepest depreciation occurred in 1987, when the index fell to 67.38 amid the debt crisis and sharp devaluation of the peso. Compared with nearby rankings, Mexico’s REER exceeds that of Poland (128.80), Czechia (127.14) and Argentina (126.81), reflecting a relatively tighter exchange environment than in those emerging markets. The trajectory suggests that continued fiscal consolidation, higher productivity and stable external financing could sustain a gradual appreciation, while a sharp slowdown in global demand or renewed capital outflows would likely reverse the trend.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 166.75 | - | - |
| 2028* trend | 155.06 | - | - |
| 2027* trend | 143.38 | - | - |
| 2026 | 133.55 | +7.94 | #62 |
| 2025 | 121.82 | −9.11 | #59 |
| 2024 | 100.21 | −30.43 | #44 |
| 2023 | 100.04 | −11.90 | #46 |
| 2022 | 86.02 | −19.75 | #15 |
| 2021 | 81.64 | −18.36 | #8 |
| 2020 | 77.10 | −31.38 | #7 |
| 2019 | 83.53 | −21.27 | #10 |
| 2018 | 80.92 | −23.95 | #9 |
| 2017 | 80.96 | −21.33 | #9 |
| 2016 | 79.01 | −38.27 | #9 |
| 2015 | 90.63 | −39.87 | #23 |
| 2014 | 101.14 | −30.39 | #66 |
| 2013 | 102.24 | −22.16 | #71 |
| 2012 | 96.62 | −31.63 | #30 |
Detected Pattern
Analysis
Mexico matched the Orthodox Tightening Cycle pattern in 1999. Historically, 57% of countries showing this pattern (177 out of 311) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Mexico's real effective exchange rate was 133.55 in 2026. Ranked 62nd globally. This represents a 6.3% increase from the previous year.
Mexico's real effective exchange rate peaked at 166.74 in 1975.
The lowest real effective exchange rate in Mexico was 67.38 in 1987.
Mexico ranks 62nd globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Mexico's real effective exchange rate is projected to reach 143.38 by 2027 based on trend extrapolation.
The real effective exchange rate of Mexico in 2026 was 133.55. This ranks 62nd in the world.
Cite this page
@misc{historysaid_mexico_reer,
title = {Mexico Real Effective Exchange Rate},
url = {https://historysaid.com/mexico/reer/},
publisher = {HistorySaid},
year = {2026}
}