US Dollar / Mexican Peso vs US Dollar / Brazilian Real

US Dollar / Mexican Peso (USD/MXN) and US Dollar / Brazilian Real (USD/BRL) compared side by side. Over the past 90 days, USD/MXN is ahead by 1.1 percentage points (USD/MXN +6.2% against USD/BRL +5.1%). Their daily returns move loosely together (correlation 0.35 across 284 shared trading days). USD/BRL has been the more volatile of the two, at 17% annualised against USD/MXN's 10%.

Correlation: 0.35
Ahead over 90 days: USD/MXN

US Dollar / Mexican PesoUSD/MXN

$18.6465

24h: +0.26%
Market cap: —
Volume 24h: —
Volatility (ann.): 10%

US Dollar / Brazilian RealUSD/BRL

$5.4654

24h: -0.51%
Market cap: —
Volume 24h: —
Volatility (ann.): 17%

Performance

USD/MXNUSD/BRL

7 days-0.80%+7.65%USD/BRL
30 days+7.44%+6.60%USD/MXN
90 days+6.16%+5.06%USD/MXN

Correlation

0.35over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 0.081y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/MXN	USD/BRL
Max drawdown (400d)	-9.6%	-12.2%
Risk-adjusted return (90d)	0.60	0.23

Relative strength over 90 days: USD/MXN outperformed USD/BRL by 1.1% — measured on the USD/MXN/USD/BRL ratio, so it holds regardless of market direction.

US Dollar / Mexican Peso →US Dollar / Brazilian Real →