Nineteen banks put the median USD/MXN forecast at 17.80 for year-end December 2026, with a mean of 17.93. The two figures sitting close together indicates the distribution of targets is not heavily skewed by outliers in either direction.
The range runs from 17.00 at the most MXN-bullish desk to 19.20 at the most MXN-bearish, a spread that reflects genuine disagreement over the peso's path into 2026. The population standard deviation of 0.64 points to targets clustered fairly tightly around the median despite the width of the extremes. For the complete breakdown, see the full USD/MXN bank consensus.
Because a higher USD/MXN number means a stronger dollar and a weaker peso, forecasts above the 17.80 median imply further MXN depreciation, while readings toward 17.00 point to peso strength. The gap between the 17.00 and 19.20 endpoints marks the span traders should weigh when positioning for the December 2026 target.
Frequently Asked Questions
What is the USD/MXN forecast for 2026?
The bank consensus median for USD/MXN at year-end December 2026 is 17.80, with a mean of 17.93 across 19 desks.
What is the range of USD/MXN forecasts for 2026?
Forecasts span from 17.00 at the most MXN-bullish desk to 19.20 at the most MXN-bearish, with a standard deviation of 0.64.
Does a higher USD/MXN mean a weaker peso?
Yes. A higher USD/MXN number means a stronger US dollar and a weaker MXN, so readings above the 17.80 median imply peso depreciation.
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