The Mexican peso is outperforming peers in 2025, driven by high interest rates, investor confidence in President Sheinbaum, and stable U.S. trade ties despite Trump’s latest 30% tariff threat.

The Mexican peso has defied expectations and maintained a strong position in global markets—even as Donald Trump’s return to aggressive trade posturing spooks investors worldwide. With a gain of over 11 percent so far in 2025, the peso has outpaced all other major Latin American currencies and remains one of the best performers in the broader emerging-market category.