Mexico - Mexican Peso - Currency Guide

This is a currency guide to Mexico, the Mexican Peso currency plus sending (MXN) transfers and travel tips for Mexico.

 
 
CountryMexico
FlagMexico
Country CodeMX
Domestic Currency Mexican Peso
Currency SymbolMex$
Currency CodeMXN
Exchange RateUSD/MXN = 18.59
Telephone Prefix+52

Quick Conversions from US Dollar to Mexican Peso

USD

MXN

U$ 1
Mex$ 18.59
U$ 5
Mex$ 92.95
U$ 10
Mex$ 185.90
U$ 20
Mex$ 371.80
U$ 50
Mex$ 929.50
U$ 100
Mex$ 1,859
U$ 250
Mex$ 4,648
U$ 500
Mex$ 9,295
U$ 1,000
Mex$ 18,590
U$ 2,000
Mex$ 37,180
U$ 5,000
Mex$ 92,950
U$ 10,000
Mex$ 185,900
U$ 50,000
Mex$ 929,500
U$ 100,000
Mex$ 1,859,000
More amounts

USD

MXN

U$ 0.0538
Mex$ 1
U$ 0.2690
Mex$ 5
U$ 0.5379
Mex$ 10
U$ 1.0759
Mex$ 20
U$ 2.6897
Mex$ 50
U$ 5.3794
Mex$ 100
U$ 13.45
Mex$ 250
U$ 26.90
Mex$ 500
U$ 53.79
Mex$ 1,000
U$ 107.59
Mex$ 2,000
U$ 268.97
Mex$ 5,000
U$ 537.94
Mex$ 10,000
U$ 2,690
Mex$ 50,000
U$ 5,379
Mex$ 100,000
More amounts

To calculate specific USD/MXN amounts use our Convert USD to MXN quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to MXN Rate Guide.

Mexico Currency Info

Contributing to a little more than 2% of the foreign exchange market daily turnover, the Mexican peso is the world’s second most traded emerging market currency, behind only the Chinese yuan. The peso is subdivided into 100 centavos.

The peso’s value is heavily influenced by commodities prices, particularly oil.

As an emerging market currency, the peso is considered riskier than currencies from major developed nations, which means that its value will fall against those currencies (especially JPY, CHF, USD, GBP and EUR) during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.

Mexicans are mostly concerned with the value of their currency against the US dollar, since more than 80% of Mexican exports go to the US, with whom Mexico shares a free trade agreement.

The peso has consistently depreciated against the dollar since it's all-time high in 1972, when USD/MXN traded at just 0.01. By 1990, USD/MXN was at 2.7; at the end of 1994, after the currency was devalued by Mexico’s government, USD/MXN stood at 5.7; by the year 2000, the USD/MXN was meandering around 9.5; in 2009, the rate reached 15.6; and in January 2017, the peso reached an all-time low when USD/MXN traded as high as 22.03.


Frequently Asked Questions


What currency should I use in Mexico?

The domestic currency in Mexico is the Mexican Peso.

What is the Mexican Peso currency code and symbol?

The three letter currency code for the Mexican Peso is MXN — symbol is Mex$.

How much is U$100 US Dollars in Mexican Peso?

U$ 100 converts to Mex$ 1,859

Which countries use the Mexican Peso?

It is the domestic currency in Mexico.

Is the Mexican Peso a closed currency?

No, the Mexican Peso is freely available and convertible. See guide: What is a closed currency?


Mexican Peso (MXN) in the markets

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.

The interactive chart below shows the USD to MXN exchange rate and trend for the previous 3 months:

USD/MXN at 18.59 is trading 2.1% below the 90-day average 18.99 with a range 18.55 to 19.57. There are no current rate alerts.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for Mexico

Mexico is a fascinating and vibrant country to travel in, though like many other great spots there are also areas where there is crime, and tourists can be targeted for theft and pickpocketing. So some convenient tips are to photocopy your passport, and the front and back of your credit cards, so you have copies of their details. It may be a good idea to travel with a Prepaid Travel Card to avoid having to carry your credit card on you at all times. You can then leave your credit cards and passport in the hotel safe. 

At the airport and bus stations in Mexico City and other major cities there are official taxis (Taxis Autorizados) that you should take. Avoid hailing taxis on the street, hotels will always be willing to organise this for you. For a long time flights within Mexico have been expensive and most travelers went by the good bus system or by train. Now however, depending on your preference, flights are very affordable and convenient, and can save a lot of time seeing more of the country. Doing a bit of looking around online can save you a lot of money on flights.

 

Travel money for Mexico

Save money and time by Ordering your Mexican Peso online from Travelex, you get better rates and can pick up the MXN cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Mexican Peso otherwise you may get much worst exchange rates.

 
Travel Money Providers Amount MXN(Mex$)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
16,512 Mex$
Best Overall
16.51220^11.15%
U.S. Bank Foreign Currency
U.S. Bank logo
16,020 Mex$
Mex$492 less
16.02013.8%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
15,860 Mex$
Mex$652 less
16.02U$1014.66%
Wells Fargo Bank logo
15,700 Mex$
Mex$812 less
16.02U$2015.52%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:16.5122 (11.15% from mid-rate)
To Amount (MXN)16,512 Mex$
Total Cost:11.15%
Time:
Rate Fetched: Tue Feb 18 2020 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:0
Exchange Rate:16.02 (13.8% from mid-rate)
To Amount (MXN)16,020 Mex$
Total Cost:13.8%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:16.26 (12.51% from mid-rate)
To Amount (MXN)15,860 Mex$
Total Cost:14.66%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:16.02 (13.8% from mid-rate)
To Amount (MXN)15,700 Mex$
Total Cost:15.52%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates

Mexico Trip Checklist    

 
  1. Compare MXN travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Mexico
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Mexico

When searching around for information on how to get a good exchange rate when sending money to Mexico you need to start with finding out the latest Mexican Peso foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Mexico

When sending money to Mexico it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Mexican Peso amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted MXN amount will be transfered to the recipient account you specify in Mexico.

Use our Send to Mexican Peso calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Mexican Peso deposited into the recipient bank account and less margins and fees kept by the banks!

  

USD to MXN International Money Transfers

  

Foreign Transfer Providers Receive MXN(Mex$)Exchange RateFee USDTotal CostDeal Links
OFX logo
182,700 Mex$
Best Overall
18.270^1.69%
XE logo
183,500 Mex$
Mex$800 more
18.3501.26%
TransferWise logo
184,753 Mex$
Mex$2,053 more
18.57U$510.59%
Wells Fargo Bank logo
178,678 Mex$
Mex$4,022 less
17.9183.86%
HSBC logo
178,632 Mex$
Mex$4,068 less
17.89U$153.88%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
177,487 Mex$
Mex$5,213 less
17.85154.5%
Bank of America International Money Transfers
Bank of America logo
176,319 Mex$
Mex$6,381 less
17.81U$1005.13%
U.S. Bank International Money Transfers
U.S. Bank logo
176,319 Mex$
Mex$6,381 less
17.81U$1005.13%
 
OFX logo
OFX: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:18.27 (1.69% from mid-rate)
To Amount (MXN)182,700 Mex$
Total Cost:1.69%
Time:
Rate Fetched: Tue Feb 18 2020 18:02:49 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:
Exchange Rate:18.35 (1.26% from mid-rate)
To Amount (MXN)183,500 Mex$
Total Cost:1.26%
Difference:
Mex$800 MXN more than using OFX
Time:18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:18.57 (0.08% from mid-rate)
To Amount (MXN)184,753 Mex$
Total Cost:0.59%
Difference:
Mex$2,053 MXN more than using OFX
Time:18:03 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:18
Exchange Rate:17.9 (3.68% from mid-rate)
To Amount (MXN)178,678 Mex$
Total Cost:3.86%
Difference:
Mex$4,022 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:17.89 (3.74% from mid-rate)
To Amount (MXN)178,632 Mex$
Total Cost:3.88%
Difference:
Mex$4,068 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:15
Exchange Rate:17.78 (4.33% from mid-rate)
To Amount (MXN)177,487 Mex$
Total Cost:4.5%
Difference:
Mex$5,213 MXN less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:17.81 (4.17% from mid-rate)
To Amount (MXN)176,319 Mex$
Total Cost:5.13%
Difference:
Mex$6,381 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:17.81 (4.17% from mid-rate)
To Amount (MXN)176,319 Mex$
Total Cost:5.13%
Difference:
Mex$6,381 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates

Mexican Peso to US Dollar - Historical Rates

PeriodMXN/USDDate
1 Day0.053917 Feb 2020
7 Day0.053611 Feb 2020
30 Day0.053619 Jan 2020
3 Month0.051320 Nov 2019
1 Year0.051918 Feb 2019
5 Year0.066719 Feb 2015
10 Year0.077920 Feb 2010

Mexican Peso to Euro - Historical Rates

PeriodMXN/EURDate
1 Day0.049717 Feb 2020
7 Day0.049111 Feb 2020
30 Day0.048319 Jan 2020
3 Month0.046320 Nov 2019
1 Year0.045918 Feb 2019
5 Year0.058719 Feb 2015
10 Year0.057420 Feb 2010

Mexican Peso to Pound Sterling - 10 Year History

PeriodMXN/GBPDate
1 Day0.041417 Feb 2020
7 Day0.041411 Feb 2020
30 Day0.041219 Jan 2020
3 Month0.039720 Nov 2019
1 Year0.040218 Feb 2019
5 Year0.043319 Feb 2015
10 Year0.050520 Feb 2010

Mexican Peso to Australian Dollar - Historical Rates

PeriodMXN/AUDDate
1 Day0.080317 Feb 2020
7 Day0.079811 Feb 2020
30 Day0.077919 Jan 2020
3 Month0.075520 Nov 2019
1 Year0.072818 Feb 2019
5 Year0.085619 Feb 2015
10 Year0.087020 Feb 2010

Country Guides - A to Z


A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z