Best CAD to MXN Exchange Rates - Compare Scotiabank & Save

In this CAD to peso rate guide:

1 CAD = MXN

CAD to MXN at 14.38 is 2.0% below its 90-day average 14.68 with range 14.16-15.32.

02-DEC 5PM-NY 10PM-LON 03-DEC 6AM-HK 9AM-SYD

Sell CAD → Buy MXN

Track Rate

CADMXN :

90-DAY▼LOW3d

1-DAY▲+1.0%

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.

Since the start of the Russia/Ukrainian war the risk on-off markets had been pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar.

However from mid-September the loonie has weakened down from this range to around 0.73 relative to the greenback.

CAD Forecasts

Date	CAD/MXN	Change	Period
18 Nov 2022	14.49	0.8% ▼	2 Week
03 Sep 2022	15.20	5.4% ▼	3 Month
02 Dec 2021	16.63	13.5% ▼	1 Year
03 Dec 2017	14.68	2% ▼	5 Year
04 Dec 2012	13.05	10.2% ▲	10 Year
07 Dec 2002	6.5693	118.9% ▲	20 Year

CAD/MXN historic rates & change to 02-Dec-2022

Scotiabank CAD to MXN - Compare & Save

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

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

Loading rates...

Provider	Amounts	Rate	Total Cost

Wire Transfer Send/Receive Fees

Send money internationally as a direct deposit to your family or friends using your mobile app or online banking	$1.99^*/transfer on select accounts
Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies)	Free
Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable)	$1.50
Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies)	$4.50 (optional Advice $5.00)
Transferring a Scotiabank account balance to another financial institution	$20.00
Incoming Wire Transfer fees
Incoming Wire Transfer identified as a Pension Payment in the payment message	$1.50 per transfer^*
All other Incoming Wire Transfers	$15.00 CAD/USD per transfer^*

^* All fees are charged in the currency of the account.

Scotiabank FX Rates based on publicly available information available here.

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.