1. Exchange Rates
  2. United States dollar (USD)
  3. Mexican peso (MXN)

Convert USD to MXN at Best Exchange Rates

There are three amounts that you need to understand if you are to have any chance of getting the best possible USD to MXN rate, these are :

  1. The USD/MXN foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 United States dollar equals
Mexican peso 1=

Right now the USD/MXN market rate is and represents how many Mexican peso you can get for one United States dollar. You can calculate with the current mid-rate using our USD to MXN calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same USD/MXN market rate I see on Google or in the Media?

When you look up the current United States dollar to Mexican peso exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

USD to MXN mid-rate on google

USD to MXN mid-rate on google search

Getting a great USD to MXN mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below USD to MXN calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific United States dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

USD to MXN mid-rate calculator

1 USD equals

Compare rates for: Currency Exchange or Foreign Transfers
Loading USD/MXN Chart

United States dollar - market update

Chief among FX themes in 2017 was the dramatic weakness of the US dollar. Unfortunately for those holding US currency, 2018 has started in much the same way that 2017 ended.

In 2017, the US Dollar Index (DXY) recorded its worst annual performance since 2003, with a decline of nearly 10%. In the first seven weeks of 2018, the index managed to give up a further 4%. A DXY price of 88.62 on February 15th (the time of this report) took the dollar’s value back to 2014 levels. Of special note in early 2018 is USD/JPY, which fell nearly 6% by mid-February.

Importantly, the dollar’s trajectory has recently decoupled from that of US interest rates. Despite US yields climbing steadily in 2018, the dollar has sunk. Explanations for this came in February from Crédit Agricole, whose analyst said that dollar traders “remained uninspired by US economic prospects” and likely held the belief that higher interest rates would bring forward the end of the US’ current expansionary cycle; and from Standard Chartered, whose analyst said that traders were choosing to focus on the US’ ever-widening twin deficits, which were now “pretty nasty.”

“It’s easy to see the weak-dollar story persisting,” said ING in February. The bank has forecast a 15% rise in EUR/USD in 2018, to 1.3.

Entering the new year, analysts had been bearish the dollar. In December, a Societe Generale analyst said that the currency “looked expensive” given the more balanced outlook for global growth, and TD Securities said that the macro landscape favoured a “steady depreciation of the dollar in 2018.”

Mexican peso - market update

The Mexican peso had a difficult end to 2017. During the final four months of the year the currency lost ten percent of its value against the dollar and fell to a record low against the euro. The year ended with the dollar and euro buying 19.64 pesos and 23.59 pesos respectively.

Holders of pesos will therefore have welcomed a 5% gain against the dollar (18.64) in the first two months of 2018 and stability against the euro (23.0), as well as expectations for further peso appreciation. Entering 2018, all analysts polled by Bloomberg predicted a stronger peso this year (versus USD), with most year-end forecasts lying between 17 and 18 pesos per dollar.

Themes driving the peso in 2018 will include political uncertainty ahead of this summer’s election; monetary policy, with the probability of further interest rate hikes in Mexico remaining high; and, most crucial of all, negotiations over “NAFTA 2.0” – a trade deal that is vital to the Mexican economy given that 80% of the country's exports go to the US.

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