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CAD to MXN Forecasts – Canadian dollar to Mexican peso

Latest CAD to MXN forecasts including bank predictions, key market drivers and recent trends for CAD/MXN. See where analysts expect the pair to move and the factors likely to influence it.

 

CAD to MXN Forecast & Outlook

13 Jun 2026 • 00:48 GMT

CAD/MXN 12.31

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 12.0950 – 12.3100
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, CAD/MXN is trading near 90-day lows around 12.31, supported by risk-off sentiment and geopolitical tensions. Over the next few sessions, the pair may remain pressured as global risk conditions favour safe-haven currencies and risk-sensitive FX weaken. Near-term conditions suggest the exchange rate could stay vulnerable to shifts in risk appetite.

💸 Transfer implications

  • Expats: sending money to Mexico may find current levels less favourable than recent ones if the pair dips further.
  • Travellers: buying Mexican Peso cash could face higher costs if the pair declines.
  • Businesses: paying Mexican Peso invoices with Canadian Dollars may see more expensive transactions if the trend persists.

🧭 Key drivers

  • Rate gap: The rate differential remains uncertain, with no clear policy divergence supporting CAD strength.
  • Risk/commodities: Global risk-off sentiment, marked by geopolitical tensions and oil prices, continues to pressure risk-sensitive currencies.
  • Global factors: Market consolidation with no immediate directional catalyst supports a cautious outlook.

⚠️ What could change it

  • Upside risk: A sudden easing of geopolitical tensions or a rally in oil prices could strengthen CAD temporarily.
  • Downside risk: Further escalation in risk appetite or a sharp drop in oil prices could push CAD lower.

BER suggests comparing FX providers as sourcing the lowest margin may help reduce total transfer costs amid less favourable exchange conditions.

CAD-MXN Rate Calculator

 
 
   
   
   
   
   
 
 

CAD to MXN Market Data

Canadian dollar (CAD) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell CAD   →   Buy MXN
1 CAD =
12.31We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d−0.3%▼
90dLows◒
CAD to MXN is at 90-day lows near 12.31, 2.9% below its 3-month average of 12.68, having traded in a relatively stable 6.1% range from 12.31 to 13.06
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  1 MXN = 0.081261 CAD

Compare & Save - Canadian dollar to Mexican peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Mexican peso (MXN) rates from different sources before making a conversion.

Use our CAD to MXN calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Loonie to Peso currency rates and the possible savings of using various providers.

 
 

Will the Canadian dollar rise against the Mexican peso?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian dollar vs Mexican peso current value is to look the CAD/MXN historic rate and change over a range of periods.

The following table looks at the change in the CAD to MXN exchange rate over periods from the previous week back to the last 10 years.

DateCAD/MXNChangePeriod
29 May 2026
12.57
1.8% ▼2 Week
14 Mar 2026
13.00
5.1% ▼3 Month
12 Jun 2025
13.89
11.2% ▼1 Year
13 Jun 2021
16.34
24.5% ▼5 Year
14 Jun 2016
14.70
16.1% ▼10 Year
17 Jun 2006
10.21
20.9% ▲20 Year
CAD/MXN historic rates & change to 12-Jun-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/MXN to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more