BestExchangeRates Mexico - Compare & Save on Foreign Exchange
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For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in the United States and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track MXN rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
Popular MXN Exchange Rates
Follow exchange rates via your personal BER Tracker Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in Mexico.
Save with our partners who are among the best & most trusted brands in Mexico.
Get Better Currency Exchange Rates
We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Mexican peso market update
The Mexican Peso (MXN) is currently experiencing significant downward pressure, reaching its lowest valuation against the US dollar in years, with the exchange rate trading at 0.048415, approximately 1.5% below its three-month average. Analysts attribute this decline to a confluence of factors, including geopolitical uncertainties around the upcoming US elections, particularly the possibility of Donald Trump returning to power. Trump has reiterated his commitment to imposing substantial tariffs on imports from Mexico, which threatens to disrupt trade dynamics between the two nations and poses a serious risk to the peso, given Mexico's status as the United States' largest trading partner. Currency experts at JP Morgan Chase have warned that the peso looks increasingly vulnerable amid this political turbulence, underlining the potential for further declines if such policies are actualized.
While the peso's fortunes are closely linked to the performance of the oil market and US interest rates—both of which impact Mexico's dollar-denominated debt—remittance flows from the United States continue to demonstrate resilience. The strong inflow of remittances, which have surpassed initial post-COVID predictions despite economic challenges, is vital for many Mexican households, stimulating domestic demand and contributing to economic growth. Nonetheless, uncertainty in the currency market promotes a flight to safety, often resulting in traders exiting emerging market currencies like the MXN. Current market data shows the MXN to EUR is near 14-day lows, trading at 0.046499 and barely below its three-month average of 0.046758, while the MXN to GBP and MXN to JPY pairs are also hovering near their recent lows, indicating overall muted performance across the board. FX analysts suggest that traders should monitor these developments closely as the interplay between economic conditions and political risks continues to evolve.
BestExchangeRates.com keeps you up-to-date on Mexican peso forecasts by collating the views of reliable FX forecasters and economists together with recent MXN price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.