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  1. Exchange Rates
  2. Euro (EUR)
  3. Mexican peso (MXN)

Convert EUR to MXN at Best Exchange Rates

1 Euro equals
Mexican peso 1EUR=MXN

There are three simple steps you need to take in order to get a good EUR-MXN exchange rate:

  1. Know the latest EUR to MXN market mid-rate shown above - this is your starting point!
  2. Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Euro and Mexican peso currencies, if available.

1. Market EUR/MXN mid-rate

Right now the EUR/MXN market rate is and represents how many Mexican peso you can get for one Euro.

Calculate equivalent currency amounts with this EUR to MXN currency converter then select the transaction type to compare the best exchange rates available.


Currency Converter EUR to MXN

$
1 EUR equals
MXN 1EUR=MXN

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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1 Week EUR/MXN Chart
EUR-MXN 1 Week chart

Euro to Mexican peso (EUR-MXN) - 10 Year History

DateExchange RatePeriodChange
22 Jun 201823.3674Latest
15 Jun 201823.97021 Week-2.51%
23 May 201822.99871 Month+1.6%
24 Dec 201723.39356 Months-0.11%
22 Jun 201720.21141 Year+15.61%
22 Jun 201620.92642 Years+11.66%
23 Jun 201317.45745 Years+33.85%
24 Jun 200816.080610 Years+45.31%

The EUR/MXN mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the EUR / MXN was traded (bought or sold) in the international markets.

The closer your final exchange rate is to the market / midrate the better deal you are getting.

2. Transaction Costs - Margins and Fees for EUR/MXN Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

EUR to MXN Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from EUR to MXN.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending EUR 5,000 to MXN

OFX logo OFX
1EUR=22.89MXN
$114,450 MXN (1.93%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $114,450 MXN
Exchange Rate: 22.89
Fees: EUR 0
Total Cost : 1.93% (from mid-rate: 23.3400)
This is the amount of money that could be received by your transfer at rate EUR/MXN=22.89 and inclusive of the fee of EUR 0.
Rate timestamp : Sat Jun 23 2018 03:16:18 GMT+0000 (UTC)
Bank Rates - Average
1EUR=22.07MXN
$110,085 MXN (5.67%)
This is the average EUR to MXN International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $110,085 MXN
Exchange Rate: 22.07
Fees: EUR 12
Total Cost : 5.67% (from mid-rate: 23.3400)
Receive MXN $4,365 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate EUR/MXN=22.07 and inclusive of the fee of EUR 12.

Travel Money EUR to MXN - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying MXN Cash with EUR 2,000

Bank Rates - Average
1EUR=21.24MXN
$42,055 MXN (9.91%)
This is the average EUR to MXN Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $42,055 MXN
Exchange Rate: 21.24
Fees: EUR 20 (1%)
Total Cost : 9.91% (from mid-rate: 23.3400)
Amount of money that could be received by your currency exchange at rate EUR/MXN=21.24 and inclusive of the fee of EUR 20 (1%).

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 comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same EUR/MXN market rate I see on Google or in the Media?

When you look up the current Euro to Mexican peso exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

EUR to MXN mid-rate on google

EUR to MXN mid-rate on google search

Getting a great EUR to MXN mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our EUR to MXN currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Euro cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for Euro 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 is always determined quoted in comparison to another currency.

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

Euro (EUR) - Market news and forecasts

On June 14th, the euro had one of its worst days in recent memory after the ECB signalled it would leave interest rates unchanged at 0.0 percent until the latter stages of 2019. A day later (the day of this report), the euro was trading in the mid-$1.15s versus the dollar and looked set to lose more of its value (earlier in the year it had traded in the mid-$1.25s), and had fallen towards the bottom end of its long-term trading range against the pound, at £0.873.

The ECB did at least announce it would phase out quantitative easing in Europe, which kept the euro’s losses within reasonable limits. QE will be terminated at the end of the year.

Goldman Sachs described the June ECB meeting as a “material negative for the euro.”

Prior to the ECB decision, Danske Bank had estimated a median price for EUR/USD in H2 2018 of 1.18; the bank saw a return to the 1.20s as unlikely in the near term (that's almost certain after the ECB meeting). Danske had predicted a “foot-dragging” ECB that would be “reactive rather than active.”

Mexican peso (MXN) - Market news and forecasts

Entering 2018, all analysts polled by Bloomberg predicted a stronger peso, with most year-end forecasts lying between 17 and 18 pesos per dollar. The peso followed the plan between January and mid-April, strengthening from 19.6 to 18, but since then, the peso has fallen sharply. By mid-May – the time of this report – the peso had fallen back through its 2018 opening price to a one-year low of 19.93. The peso is likely to be supported, at least in the short-term, should the USD/MXN exchange rate reach 20.0 – this being a psychologically important level for investors.

Additionally, the euro is still buying more than 23 pesos; the peso thus continues to trade at historically weak levels versus the single currency.

Factors driving the peso lower in 2018 will include political uncertainty ahead of this summer’s election, uncertainty over NAFTA negotiations, higher US interest rates and the emergence of a currency crisis in Argentina, which has unnerved investors in emerging markets.

Supporting the peso this year will be monetary policy, with the probability of further interest rate hikes remaining high; and oil, which climbed in May to long-term highs above $70 per barrel.


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