AUD/MXN update & alerts
1 AUD = 13.19 MXN
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AUD/MXN Exchange Rates and Providers Compared
This guide to the Australian Dollar to Mexican Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to MXN comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/MXN Quick Calculator.
Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive MXN(Mex$) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | Mex$131,200 Best Overall | 13.12 | 0 | 0.54% | |
 | Mex$128,800 Mex$2,400 less | 12.88 | 0^ | 2.35% | |
 | Mex$128,700 Mex$2,500 less | 12.87 | 0 | 2.43% | |
Banks - Average Rate   Average Bank Rate | Mex$127,354 Mex$3,846 less | 12.76 | 15 | 3.45% |
Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
| Travel Money Providers | Amount MXN(Mex$) | Exchange Rate | Fee AUD | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | Mex$12,730 Best Overall | 12.73 | $0 BPay, Card 0.72%-1% | 3.49% | |
Banks - Average Rate  Average Bank Rate | Mex$12,237 Mex$493 less | 12.36 | 10 | 7.24% | |
 | Mex$11,509 Mex$1,221 less | 11.5088 | $0 BPay, Card 0.72%-1% | 12.75% | |
 | Mex$11,439 Mex$1,291 less | 11.4394 | A$0 | 13.28% |
AUD and MXN in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AUD vs MXN, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD)
In November it was all downhill traffic for the Australian dollar dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end. At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.
The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.
Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.
Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.
Read more in the article AUD Forecasts.
Mexican Peso (MXN)
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.
Why can't I just get the AUD/MXN market rate I see online or in the media?
The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / MXN was traded (bought or sold) in the international markets.
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
We help you Compare & Save Money on Exchange Rates.
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