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EUR/MXN - Convert Compare Save

Euro to Mexican Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

This resource page for the Euro to Mexican Peso exchange rate, has news, forecasts and EUR to MXN comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

EUR/MXN Exchange Rates - How to Compare & Save

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for EUR/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 

EUR to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN($)Exchange RateFee EURTotal CostDeal Links
OFX logo
106,950 MXN
Best Overall
21.390 for BER users (normally $15)1.74%
HSBC logo
104,693 MXN
2,257 MXN
20.97€7.53.81%
Deutsche Bank International Money Transfers
Deutsche Bank logo
103,703 MXN
3,247 MXN
20.95€504.72%
Citibank International Money Transfers
Citibank logo
103,651 MXN
3,299 MXN
20.78124.77%
Santander International Money Transfers
Santander logo
103,036 MXN
3,914 MXN
20.69205.34%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
102,463 MXN
4,487 MXN
20.63125.86%
Bank of Ireland International Money Transfers
Bank of Ireland logo
102,416 MXN
4,534 MXN
20.69€505.91%
BNP Paribas International Money Transfers
BNP Paribas logo
101,822 MXN
5,128 MXN
20.57€506.45%
Crédit Agricole International Money Transfers
Crédit Agricole logo
101,673 MXN
5,277 MXN
20.54€506.59%
AIB Bank International Money Transfers
AIB Bank logo
101,277 MXN
5,673 MXN
20.46€506.95%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
99,899 MXN
7,051 MXN
20.04158.22%
 
OFX: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:0 for BER users (normally $15)
Exchange Rate:21.39 (1.74% from mid-rate)
MXN amount:106,950 MXN
Total Cost:1.74%
Time:
Rate Fetched: Mon Aug 19 2019 04:11:56 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:€7.5 EUR (.15%)
Exchange Rate:20.97 (3.67% from mid-rate)
MXN amount:104,693 MXN
Total Cost:3.81%
Difference:
2,257 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:20.95 (3.76% from mid-rate)
MXN amount:103,703 MXN
Total Cost:4.72%
Difference:
3,247 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:12
Exchange Rate:20.78 (4.54% from mid-rate)
MXN amount:103,651 MXN
Total Cost:4.77%
Difference:
3,299 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Santander logoSantander

Santander: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:20
Exchange Rate:20.69 (4.96% from mid-rate)
MXN amount:103,036 MXN
Total Cost:5.34%
Difference:
3,914 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:12
Exchange Rate:20.63 (5.23% from mid-rate)
MXN amount:102,463 MXN
Total Cost:5.86%
Difference:
4,487 MXN less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of Ireland logoBank of Ireland

Bank of Ireland: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:20.69 (4.96% from mid-rate)
MXN amount:102,416 MXN
Total Cost:5.91%
Difference:
4,534 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNP Paribas logoBNP Paribas

BNP Paribas: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:20.57 (5.51% from mid-rate)
MXN amount:101,822 MXN
Total Cost:6.45%
Difference:
5,128 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Crédit Agricole logoCrédit Agricole

Crédit Agricole: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:20.54 (5.64% from mid-rate)
MXN amount:101,673 MXN
Total Cost:6.59%
Difference:
5,277 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

AIB Bank logoAIB Bank

AIB Bank: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:€50 EUR (1%)
Exchange Rate:20.46 (6.01% from mid-rate)
MXN amount:101,277 MXN
Total Cost:6.95%
Difference:
5,673 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logoSparkasse Bank

Sparkasse Bank: Foreign Transfer EUR→MXN
EUR amount:€5,000 EUR
Fee:15
Exchange Rate:20.04 (7.94% from mid-rate)
MXN amount:99,899 MXN
Total Cost:8.22%
Difference:
7,051 MXN less than using OFX
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount MXN($)Exchange RateFee EURTotal CostDeal Links
Deutsche Bank Foreign Currency
Deutsche Bank logo
19,966 MXN
Compare
20.27€158.28%
BNP Paribas Foreign Currency
BNP Paribas logo
19,867 MXN
99 MXN
20.17€158.74%
Citibank Foreign Currency
Citibank logo
19,859 MXN
107 MXN
20.06€108.77%
Banks - Average Rate
Deutsche Bank logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
19,669 MXN
297 MXN
19.88€109.65%
Crédit Agricole Foreign Currency
Crédit Agricole logo
19,661 MXN
305 MXN
19.96€159.68%
Bank of Ireland Foreign Currency
Bank of Ireland logo
19,632 MXN
334 MXN
19.83€109.82%
AIB Bank Foreign Currency
AIB Bank logo
19,592 MXN
374 MXN
19.79€1010%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
19,444 MXN
522 MXN
19.64€1010.68%
HSBC logo
19,330 MXN
636 MXN
19.33011.2%
Travelex Online logo
18,160 MXN
1,806 MXN
18.1602016.58%
 

Deutsche Bank logoDeutsche Bank

Deutsche Bank: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:20.27 (6.89% from mid-rate)
MXN amount:19,966 MXN
Total Cost:8.28%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BNP Paribas logoBNP Paribas

BNP Paribas: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:20.17 (7.34% from mid-rate)
MXN amount:19,867 MXN
Total Cost:8.74%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:20.06 (7.85% from mid-rate)
MXN amount:19,859 MXN
Total Cost:8.77%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:19.22 (11.71% from mid-rate)
MXN amount:19,669 MXN
Total Cost:9.65%
Currency Services:Branch
Delivery/Collect:-
 

Crédit Agricole logoCrédit Agricole

Crédit Agricole: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€15 EUR (Minimum fee)
Exchange Rate:19.96 (8.31% from mid-rate)
MXN amount:19,661 MXN
Total Cost:9.68%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Bank of Ireland logoBank of Ireland

Bank of Ireland: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:19.83 (8.91% from mid-rate)
MXN amount:19,632 MXN
Total Cost:9.82%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

AIB Bank logoAIB Bank

AIB Bank: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:19.79 (9.09% from mid-rate)
MXN amount:19,592 MXN
Total Cost:10%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logoSparkasse Bank

Sparkasse Bank: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:€10 EUR (1%)
Exchange Rate:19.64 (9.78% from mid-rate)
MXN amount:19,444 MXN
Total Cost:10.68%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
HSBC: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:
Exchange Rate:19.33 (11.2% from mid-rate)
MXN amount:19,330 MXN
Total Cost:11.2%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online: Travel Money EUR→MXN
EUR amount:€1,000 EUR
Fee:undefined
Exchange Rate:18.1602 (16.58% from mid-rate)
MXN amount:18,160 MXN
Total Cost:16.58%
Time:
Rate Fetched: Mon Aug 19 2019 04:15:03 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/19/2019 - See full table

EUR to MXN interbank exchange rate = 21.9876

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on EUR/MXN exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

EUR and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the EUR vs MXN, you should pay attention to the recent market trends for both currencies.

 

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.

Why can't I just get the EUR/MXN market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the EUR / MXN was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

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