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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

04 Jul 2026 • 00:47 GMT

CAD/MXN 12.30

📊 Forecast snapshot

  • Near-term bias: ⚪ Range-bound
  • Expected range: 12.2500 – 12.4640
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, CAD/MXN is trading near its 3-month low, supported by risk-off conditions and subdued market momentum. Over the next few sessions, the pair may remain supported by cautious risk sentiment and limited rate divergence, but near-term conditions suggest it will stay within its recent range.

💸 Transfer implications

  • Expats: sending money to Mexico may find current levels more favourable than recent highs.
  • Travellers: exchanging CAD for MXN could face some support, but rates may hold within the recent range.
  • Businesses: paying invoices in MXN using CAD will see relatively stable but limited conversion advantages.

🧭 Key drivers

  • Rate gap: Canadian interest rates are holding near recent levels, with no strong divergence from Mexican yields.
  • Risk/commodities: Global risk-off sentiment remains dominant, pressuring risk-sensitive FX like CAD.
  • Global factors: US-Mexico trade tensions and US-Iran relations are influencing risk sentiment and USD/MXN volatility.

⚠️ What could change it

  • Upside risk: Improvement in global risk appetite, easing US-Mexico trade concerns, could help CAD strengthen.
  • Downside risk: Escalation of geopolitical tensions or global risk aversion may deepen the pair’s sideways trend.

Shopping around for the lowest margin provider may help reduce overall transfer costs.

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 =
12.30We compare provider deals to this wholesale mid-market rate. Read more
MXN
1d−0.2%▼
CAD to MXN at 12.30 is 1.9% below its 3-month average of 12.54, having traded in a quite stable 5.0% range from 12.25 to 12.86
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  1 MXN = 0.081284 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
19 Jun 2026
12.22
0.7% ▲2 Week
04 Apr 2026
12.81
3.9% ▼3 Month
03 Jul 2025
13.74
10.4% ▼1 Year
04 Jul 2021
16.06
23.3% ▼5 Year
05 Jul 2016
14.45
14.8% ▼10 Year
08 Jul 2006
9.8967
24.4% ▲20 Year
CAD/MXN historic rates & change to 03-Jul-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