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Best Exchange Rates

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Compare CAD to MXN foreign transfers

Use our comparison table to find the best exchange rates for Mexican Peso foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$CAD
$MXN

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive MXN($)Exchange RateFee CADTotal CostTransfer ServicesTransfer SpeedDeal Links
 
WorldFirst logo
145,100 MXN
Best Overall
14.5100.37%Bank Transfers - Online & Phone1-2 days
 
OFX logo
143,600 MXN
$1,500 less
14.360^1.4%Bank Transfers - Online & Phone1-2 days
HSBC International Money Transfers
HSBC logo
140,589 MXN
$4,511 less
14.08$153.47%Online, Branch, Bank Transfers2-3 days
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
139,590 MXN
$5,510 less
14.1$1004.15%Online, Branch, Bank Transfers2-3 days
Scotiabank International Money Transfers
Scotiabank logo
139,392 MXN
$5,708 less
14.08$1004.29%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo
139,255 MXN
$5,845 less
14.04154.38%Online, Branch, Bank Transfers2-3 days
TD Canada Trust International Money Transfers
TD Canada Trust logo
138,699 MXN
$6,401 less
14.01$1004.77%Online, Branch, Bank Transfers2-3 days
Royal Bank of Canada International Money Transfers
 
Royal Bank of Canada logo
138,006 MXN
$7,094 less
13.94$1005.24%Online, Branch, Bank Transfers2-3 days
WorldFirst: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:
Exchange Rate:14.51 (0.37% from mid-rate)
MXN amount:145,100 MXN
Total Cost:0.37%
Time:12:14 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:14.36 (1.4% from mid-rate)
MXN amount:143,600 MXN
Total Cost:1.4%
Difference:
$1,500 less than using WorldFirst
Time:
Rate Fetched: Wed Feb 20 2019 10:05:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
HSBC: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:$15 CAD (.15%)
Exchange Rate:14.08 (3.32% from mid-rate)
MXN amount:140,589 MXN
Total Cost:3.47%
Difference:
$4,511 less than using WorldFirst
Time:12:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Coast Capital Savings: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:14.1 (3.19% from mid-rate)
MXN amount:139,590 MXN
Total Cost:4.15%
Difference:
$5,510 less than using WorldFirst
Time:12:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Scotiabank: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:14.08 (3.32% from mid-rate)
MXN amount:139,392 MXN
Total Cost:4.29%
Difference:
$5,708 less than using WorldFirst
Time:12:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Coast Capital Savings logo Scotiabank logo Royal Bank of Canada logo HSBC logo TD Canada Trust logo

Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:15
Exchange Rate:13.84 (4.97% from mid-rate)
MXN amount:139,255 MXN
Total Cost:4.38%
Difference:
$5,845 less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
TD Canada Trust: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:14.01 (3.8% from mid-rate)
MXN amount:138,699 MXN
Total Cost:4.77%
Difference:
$6,401 less than using WorldFirst
Time:12:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Royal Bank of Canada: Foreign Transfer CAD→MXN
CAD amount:$10,000 CAD
Fee:$100 CAD (1%)
Exchange Rate:13.94 (4.28% from mid-rate)
MXN amount:138,006 MXN
Total Cost:5.24%
Difference:
$7,094 less than using WorldFirst
Time:12:14 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in Canada with FINTRAC. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/20/2019

1 CAD = 14.5627 MXN

This is the current CAD-MXN mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market CAD-MXN exchange rate.

3 Month Chart
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Currency news and forecasts for Canadian 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 must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the CAD vs MXN, you should pay attention to both Canadian Dollar and Mexican Peso news and forecasts.

Canadian Dollar (CAD) - Market news and forecasts

7-February-19: January was a fantastic month for the Canadian dollar. A gain of 4 percent relative to the US dollar took USD/CAD away from 19-month highs near C$1.365 into the low C$1.31s.

A recovery in the oil market has played a big part in the loonie’s 2019 recovery. By the time of this report, oil had gained nearly $12 per barrel, or 23 percent, on 2018 lows. The price of oil remains vital to Canada’s economy; it had fallen by as much as 40 percent in the October-December period.

Going forward, risks to the Canadian dollar include, of course, oil, and the return of global trade tensions.

Towards the end of 2018, Goldman Sachs predicted a strong energy market rebound in 2019 — more so than has already been realised — and this would underpin Canada’s currency.

In February, Westpac reaffirmed its view that the Canadian dollar would be an outperformer in 2019. Canada’s growth picture is more secure than those of the eurozone, UK or Australia, Westpac believes, and as a result, the Bank of Canada will be more hawkish this year relative to other G10 central banks, driving CAD appreciation.

Mexican Peso (MXN) - Market news and forecasts

12-February-2019: The December-January period was an excellent one for the Mexican peso as it strengthened by nearly 7 percent into the low 19s per USD. Traders began piling into pesos after USD/MXN failed multiple times in the fourth quarter ’18 to break meaningfully through important resistance at 20.5-20.6.

From here on in, the peso stands to appreciate, or will at least be among the best performing emerging market currencies of 2019, says an analyst at ING. The analyst said in February that the peso had most to gain because of its sensitivity to the oil price, which ING says has significant upside this year.

Also supporting the peso in 2019 will be a slower pace of Federal Reserve interest rate hikes. Under such conditions the dollar will weaken, and emerging market currencies should gain value as a result because their respective governments usually hold high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheaper.

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