Best CAD to MXN Exchange Rates - Compare Scotiabank & Save

In this Canadian dollar to Mexican peso guide:

1 CAD = MXN

CAD to MXN at 15.39 is 3.3% below its 90-day average 15.92 with range 15.39-16.63.

27-MAY 6PM-NY 11PM-LON 28-MAY 6AM-HK 8AM-SYD

Sell CAD → Buy MXN

Track Rate

1-DAY▼-0.6%1d

90-DAY▼LOW1d

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
13 May 2022	15.58	1.2% ▼	2 Week
26 Feb 2022	16.01	3.9% ▼	3 Month
27 May 2021	16.53	6.9% ▼	1 Year
28 May 2017	13.75	11.9% ▲	5 Year
29 May 2012	13.59	13.2% ▲	10 Year
01 Jun 2002	6.3121	143.8% ▲	20 Year

CAD/MXN change over periods to 27-May-2022

Scotiabank - 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 Scotiabank Rates : Send C$10,000 CAD → Receive MXN

Provider	Receive MXN	CAD/MXN Rate	Cost
Scotiabank Scotiabank's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 149,170 MXN 3.06% See details	14.92	3.06%	Compared
TD Bank TD's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 149,171 MXN 3.06% See details	14.95	3.06%	Best Value
OFX Online & Phone, Helpful Dealers & Support. Lock in exchange rates with Spot & Forward Deals. See details	10,000 CAD = 152,300 MXN 1.02% See details	15.23	1.02%	Visit OFXCompare Rate No fees on all your OFX transfers
Citibank See details	10,000 CAD = 145,425 MXN Get Mex$6,875 less 5.49% See details	14.56	5.49%	Compare Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. See details	10,000 CAD = 147,400 MXN Get Mex$4,900 less 4.21% See details	14.74	4.21%	Compare Rate
HSBC See details	10,000 CAD = 149,700 MXN Get Mex$2,600 less 2.71% See details	15	2.71%	Compare Rate
Coast Capital Savings See details	10,000 CAD = 145,629 MXN Get Mex$6,671 less 5.36% See details	14.71	5.36%	Compare Rate
Xoom Xoom offers a fast way to send money, reload phones, and pay bills around the world. Xoom is owned by PayPal. See details	10,000 CAD = 148,700 MXN Get Mex$3,600 less 3.36% See details	14.87	3.36%	Compare Rate
Desjardins Desjardins's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 146,680 MXN Get Mex$5,620 less 4.67% See details	14.69	4.67%	Compare Rate
CIBC CIBC's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 CAD = 144,800 MXN Get Mex$7,500 less 5.9% See details	14.48	5.9%	Compare Rate
Bank of Montreal BMO's profit margin is around 4 - 8% depending on amounts and currencies. See details	10,000 CAD = 146,979 MXN Get Mex$5,321 less 4.48% See details	14.72	4.48%	Compare Rate
SHOW ALL	10,000 CAD = 147,194 MXN Get Mex$5,106 less 4.34%	14.75	4.34%	Average Bank Rate

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

CAD/MXN=15.3873

1-DAY▼-0.6%

90-DAY▼LOW

My Rates

Scotiabank: Transfers - Canada to Mexico

Scotiabank: 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.

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.

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 - Mexican peso

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.

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