There are three simple steps you need to take in order to get a good AUD-MXN exchange rate:
Know the latest AUD to MXN market mid-rate shown above - this is your starting point!
Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Review up-to-date
Currency News and Forecasts
for both the Australian dollar and Mexican peso currencies, if available.
1. Market AUD/MXN mid-rate
Right now the AUD/MXN market rate is
and represents how many
Mexican peso
you can get for one Australian dollar.
Calculate equivalent currency amounts with this AUD to MXN currency converter then select the transaction type to compare the best exchange rates available.
Australian dollar to Mexican peso (AUD-MXN) - 10 Year History
Date
Exchange Rate
Period
Change
20 Jun 2018
15.0307
Latest
13 Jun 2018
15.6452
1 Week
-3.93%
21 May 2018
15.0408
1 Month
-0.07%
22 Dec 2017
15.2389
6 Months
-1.37%
20 Jun 2017
13.8056
1 Year
+8.87%
20 Jun 2016
13.9412
2 Years
+7.81%
21 Jun 2013
12.2715
5 Years
+22.48%
22 Jun 2008
9.8272
10 Years
+52.95%
The AUD/MXN mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the AUD / MXN was traded (bought or sold) in the international markets.
The closer your final exchange rate is to the market / midrate the better deal you are getting.
2. Transaction Costs - Margins and Fees for AUD/MXN Foreign Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
AUD to MXN Foreign Transfer - Costs Compared
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from AUD to MXN.
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
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This is the amount of money that could be received by your transfer at rate AUD/MXN=14.86 and inclusive of the fee of AUD 0. Rate timestamp : Thu Jun 21 2018 05:00:35 GMT+0000 (UTC)
Rate available to ANZ Online Banking customers only. Fee for transfers via ANZ Internet Banking is $18 (or $12 if the transfer is over $AUD10,000) in ANZ Foreign Exchange Centre or via ANZ Phone Banking fee is $32.
This is the amount of money that could be received by your transfer at rate AUD/MXN=14.337 and inclusive of the fee of AUD 18. Rate timestamp : Thu Jun 21 2018 05:03:05 GMT+0000 (UTC)
This is the average AUD to MXN International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Click here to order Travel Money and the Pre-paid Cash Passport with $0 commission and great exchange rates only available online. Home delivery or pickup your cash at your local Travelex store, Post Office, HSBC branch or conveniently at the airport on departure day. * Orders paid for via BPAY incur no additional fees. Card (debit or credit) will incur a card surcharge; MasterCard (debit) 0.77%, MasterCard (credit) 0.94%, Visa (debit) 0.72% and Visa (credit) 1%. In addition, for Credit Card purchases, your card issuer may charge a separate cash advance fee. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Amount of money that could be received by your currency exchange at rate AUD/MXN=13.4659 and inclusive of the fee of 0. Rate timestamp : Thu Jun 21 2018 05:00:04 GMT+0000 (UTC)
Amount of money that could be received by your currency exchange at rate AUD/MXN=13.83 and inclusive of the fee of AUD 20 (1%). Rate timestamp : Thu Jun 21 2018 05:02:02 GMT+0000 (UTC)
This is the average AUD to MXN Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount
you are transferring and if you are willing to shop around.
Why can't I just get the same AUD/MXN market rate I see on Google or in the Media?
When you look up the current Australian dollar to Mexican peso exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
AUD to MXN mid-rate on google search
Getting a great AUD to MXN mid-market rate is all about timing, so unless you
are able to wait, watch and time the market this is largely beyond your control.
This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will
get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use our AUD to MXN currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates.
Then choose your transaction type for specific Australian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
3. Currency News, Research and Forecasts for Australian dollar and Mexican peso
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs MXN, you should pay attention to both Australian dollar and Mexican peso news and forecasts.
Australian dollar (AUD) - Market news and forecasts
The Australian dollar could slump more than 10 percent against the US dollar into the "mid-60 cents" region within twelve months, said a senior money manager in June. Given RBA Governor Philip Lowe’s insistence that “there is no strong case for a near-term adjustment in monetary policy,” there is little incentive for investors to hold AUD instead of USD (which will benefit from future Fed hikes), the money manager believes.
A fall to 65 US cents (at 74.4 cents in mid-June ’18) would take AUD back to financial crisis levels last seen in early 2009.
Also pessimistic on the Australian dollar are Westpac and ANZ. Westpac have forecast AUD at 72 US cents in mid-2019 and ANZ have advised clients to “sell the [AUD] rallies.”
Technically, the outlook for AUD/USD remains poor. Longer-term charts show AUD/USD breaking from an upwards trend channel and meaningful psychological support won't be in play until the 70 cents handle.
Against the New Zealand dollar, AUD fell 2 percent in the weeks leading up to this report to N$1.072; however, a bird’s eye view shows AUD/NZD drifting sideways for the past 3 ½ years.
Mexican peso (MXN) - Market news and forecasts
Entering 2018, all analysts polled by Bloomberg predicted a stronger peso, with most year-end forecasts lying between 17 and 18 pesos per dollar. The peso followed the plan between January and mid-April, strengthening from 19.6 to 18, but since then, the peso has fallen sharply. By mid-May – the time of this report – the peso had fallen back through its 2018 opening price to a one-year low of 19.93. The peso is likely to be supported, at least in the short-term, should the USD/MXN exchange rate reach 20.0 – this being a psychologically important level for investors.
Additionally, the euro is still buying more than 23 pesos; the peso thus continues to trade at historically weak levels versus the single currency.
Factors driving the peso lower in 2018 will include political uncertainty ahead of this summer’s election, uncertainty over NAFTA negotiations, higher US interest rates and the emergence of a currency crisis in Argentina, which has unnerved investors in emerging markets.
Supporting the peso this year will be monetary policy, with the probability of further interest rate hikes remaining high; and oil, which climbed in May to long-term highs above $70 per barrel.
Best Exchange Rates - Compare & Save
Compare exchange rates from trusted & regulated FX brands
OFX
ANZ Bank
Travelex Online
Commonwealth Bank
Westpac