Convert Amounts at Wholesale FX rate.
Compare International Money Transfer FX rates.
Compare Travel Money & Card exchange rates.
Latest Exchange Rate Tables by Region.
Reviews of Banks and Popular FX Specialists.
Guides with Money Saving Foreign Exchange tips.
Exchange Rate Forecasts and Market Predictions.
Be better informed about Global Currency Markets.
Currency country guides for travel and transfers.
Sending > 40K USD? Request best rate quotes.
Get Daily Rate Alerts and Trends to your Inbox.
Profile and Communications preferences.
Canadian Dollar to Mexican Peso exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.
BER | FX Markets | CAD Rates | CAD/MXN
1 CAD = 16.06 MXN
Sell CAD / Buy MXN
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
To calculate other CAD/MXN FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate CAD to MXN .
When determining the best time to make a foreign exchange transaction, in this case the CAD vs MXN, you should pay attention to the recent market trends for both currencies.
The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along. The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along.
The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.
Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.
Read more in the article CAD Forecasts.
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.
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).
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.
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian Dollar vs Mexican Peso current value is to look the CAD/MXN historic rate and change over a range of periods.
The following table looks at the change in the CAD to MXN exchange rate over periods from the previous week back to the last 10 years.
CAD/MXN 10 year historic rates & change to 27-Oct-2020 : 15.9490
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
Setup BER.me FX Alerts