Best CAD to MXN Exchange Rates - Compare & Save

In this Canadian dollar to Mexican peso guide:

1 CAD = MXN

CAD to MXN at 15.68 is near its 90-day average 15.69 with range 15.39-16.15.

11-AUG 7AM-NY 12PM-LON 7PM-HK 9PM-SYD

Sell CAD → Buy MXN

Track Rate

7-DAY▼-2.9%

30-DAY▼LOW

The peso fortunes are connected to the oil market with oil high on the list of Mexico’s top exports.

US interest also affect the peso because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Cash remittances to South America have defied predictions of a large Covid related drop. The World Bank predicted that cash transfers from immigrants in the U.S. to family in Latin America would plummet 19% due to the pandemic however remittance levels have been surging.

Before Russia invaded Ukraine the CAD was being supported by expectations of domestic interest rate hikes – and the oil price was a key driver of CAD strength at the start of the year.

Since the start of the Russia/Ukrainian war the risk on-off market are pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar (1 USD = 1.27 CAD).

CAD Outlook

Date	CAD/MXN	Change	Period
27 Jul 2022	15.90	1.4% ▼	2 Week
12 May 2022	15.51	1.1% ▲	3 Month
10 Aug 2021	16.04	2.2% ▼	1 Year
11 Aug 2017	14.06	11.5% ▲	5 Year
12 Aug 2012	13.20	18.8% ▲	10 Year
15 Aug 2002	6.3709	146.1% ▲	20 Year

CAD/MXN change over periods to 10-Aug-2022

CAD to MXN - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Compare Transfer Rates : Send C$10,000 CAD → Receive MXN

Provider	Receive MXN	CAD/MXN Rate	Cost
OFX Trusted brand in Foreign Exchange. Online & Phone. Helpful Dealers & support. Lock in an Exchange Rate with Spot & Forward Deals. 0.97%	10,000 CAD = 155,300 MXN Up to 8,200 MXN more See more	15.53	0.97%	Visit OFX Best Value No fees on all your OFX transfers
Xoom Xoom offers a fast way to send money, reload phones, and pay bills around the world. Xoom is owned by PayPal. 2.69%	10,000 CAD = 152,600 MXN Get Mex$2,700 less See more	15.26	2.69%	Compare Rate
Scotiabank Scotiabank's profit margin is generally 4 - 8% depending on currencies and amounts. 3.54%	10,000 CAD = 151,270 MXN Get Mex$4,030 less See more	15.13	3.54%	Compare Rate
TD Bank TD's profit margin is generally 4 - 8% depending on currencies and amounts. 3.56%	10,000 CAD = 151,240 MXN Get Mex$4,060 less See more	15.2	3.56%	Compare Rate On top of the FX margin TD has additional $50 fee to send foreign transfers from Canada.
Bank of Montreal BMO's profit margin is around 4 - 8% depending on amounts and currencies. 3.79%	10,000 CAD = 150,873 MXN Get Mex$4,427 less See more	15.11	3.79%	Compare Rate
Desjardins Desjardins's profit margin is generally 4 - 8% depending on currencies and amounts. 3.98%	10,000 CAD = 150,574 MXN Get Mex$4,726 less See more	15.08	3.98%	Compare Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. 4.22%	10,000 CAD = 150,200 MXN Get Mex$5,100 less See more	15.02	4.22%	Compare Rate
Rate: 15.13 Click for details Rate: 15.2 Click for details Rate: 14.94 Click for details Rate: 15.02 Click for details Rate: 15.1 Click for details Rate: 15.08 Click for details Rate: 14.71 Click for details Rate: 15.11 Click for details SHOW ALL 4.37%	10,000 CAD = 149,959 MXN Get Mex$5,341 less	15.04	4.37%	Average Bank Rate
HSBC HSBC's profit margin is generally 2.5%-7% depending on currencies and amounts. 4.41%	10,000 CAD = 149,900 MXN Get Mex$5,400 less See more	15.02	4.41%	Compare Rate
Coast Capital Savings 4.67%	10,000 CAD = 149,490 MXN Get Mex$5,810 less See more	15.1	4.67%	Compare Rate
Citibank Citibank's profit margin is generally 3 - 7% depending on currencies and amounts. 4.85%	10,000 CAD = 149,221 MXN Get Mex$6,079 less See more	14.94	4.85%	Compare Rate
CIBC CIBC's profit margin is generally 4 - 8% depending on currencies and amounts. 6.2%	10,000 CAD = 147,100 MXN Get Mex$8,200 less See more	14.71	6.2%	Compare Rate

Cost % is Provider Rate Margin vs Mid-rate + Fees

CAD/MXN=15.6819

7-DAY▼-2.9%

30-DAY▼LOW

My Rates

Transfers - Canada to Mexico

CAD to MXN - Travel & Spend

CAD/MXN Mid-rate Calculator

* This table compares FX rates & fees of selected FX specialists and banks for CAD to MXN International Money Transfers. Providers must be well established, reputable and regulated in Canada with FINTRAC. We DO NOT compare every provider in the market. We may receive referral fees if you choose one of these providers however this will not affect the savings, exchange rates or fees you are charged by the provider.

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest CAD to MXN Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - Canadian dollar & Mexican peso

Canada (CAD)

Mexico (MXN)

How to get a good CAD to MXN Exchange Rate

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

Generally speaking, if you are buying Mexican peso with Canadian dollar, then it's good for the CAD/MXN exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Mexico.

Will the Canadian dollar rise against the Mexican peso?

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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently.

Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

Related exchange rates

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Provider	OFX
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$155,300
Exchange Rate	1CAD = 15.53 MXN
Rate Margin	0.97%
Other Fees	C$0
Total Cost (Rate Margin + Fees)	0.97%
Transfer Speed	1-2 days
Rate Retrieved	10:01 Local - BER

Provider	Xoom
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$152,600
Exchange Rate	1CAD = 15.26 MXN
Rate Margin	2.69%
Total Cost (Rate Margin + Fees)	2.69%
Difference	Get Mex$2,700 MXN less than withOFX
Transfer Speed	1-2 days
BER Rating	4.2/5.0
Rate Retrieved	10:01 Local - BER

Provider	Scotiabank
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$151,270
Exchange Rate	1CAD = 15.13 MXN
Rate Margin	3.52%
Other Fees	C$1.99
Total Cost (Rate Margin + Fees)	3.54%
Difference	Get Mex$4,030 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	2022-08-11T10:00:04+0000

Provider	TD Bank
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$151,240
Exchange Rate	1CAD = 15.2 MXN
Rate Margin	3.07%
Other Fees	C$50
Total Cost (Rate Margin + Fees)	3.56%
Difference	Get Mex$4,060 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	2022-08-11T10:00:04+0000

Provider	Bank of Montreal
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$150,873
Exchange Rate	1CAD = 15.11 MXN
Rate Margin	3.65%
Other Fees	C$15
Total Cost (Rate Margin + Fees)	3.79%
Difference	Get Mex$4,427 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	10:01 Local - BER

Provider	Desjardins
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$150,574
Exchange Rate	1CAD = 15.08 MXN
Rate Margin	3.84%
Other Fees	C$15
Total Cost (Rate Margin + Fees)	3.98%
Difference	Get Mex$4,726 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	10:01 Local - BER

Provider	Paypal
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$150,200
Exchange Rate	1CAD = 15.02 MXN
Rate Margin	4.22%
Other Fees	C$0
Total Cost (Rate Margin + Fees)	4.22%
Difference	Get Mex$5,100 MXN less than withOFX
Transfer Speed	1-2 days
BER Rating	2/5.0
Rate Retrieved	10:01 Local - BER

Provider	Comparison Rate
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$149,959
Exchange Rate	1CAD = 15.25 MXN
Rate Margin	2.75%
Total Cost (Rate Margin + Fees)	4.37%
Difference	Get Mex$5,341 MXN less than withOFX

Provider	HSBC
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$149,900
Exchange Rate	1CAD = 15.02 MXN
Rate Margin	4.22%
Other Fees	C$20
Total Cost (Rate Margin + Fees)	4.41%
Difference	Get Mex$5,400 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	10:01 Local - BER

Provider	Coast Capital Savings
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$149,490
Exchange Rate	1CAD = 15.10 MXN
Rate Margin	3.71%
Other Fees	C$100.00 CAD (1%)
Total Cost (Rate Margin + Fees)	4.67%
Difference	Get Mex$5,810 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	10:01 Local - BER

Provider	Citibank
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$149,221
Exchange Rate	1CAD = 14.94 MXN
Rate Margin	4.73%
Other Fees	C$12
Total Cost (Rate Margin + Fees)	4.85%
Difference	Get Mex$6,079 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	10:01 Local - BER

Provider	CIBC
FX Type	Foreign Transfer CAD→MXN
From Amount (CAD)	C$10,000
To Amount (MXN)	Mex$147,100
Exchange Rate	1CAD = 14.71 MXN
Rate Margin	6.2%
Other Fees	C$0
Total Cost (Rate Margin + Fees)	6.2%
Difference	Get Mex$8,200 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	10:01 Local - BER

CAD to MXN Exchange Rates

CAD to MXN - Compare & Save

Multi-Vendor Quote

Country Guides - Canadian dollar & Mexican peso

How to get a good CAD to MXN Exchange Rate

Reduce Excessive costs and fees

Will the Canadian dollar rise against the Mexican peso?

Related exchange rates