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EUR to MXN - Rate Guide

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.

 

EUR/MXN update & alerts

1 EUR = 21.29 MXN

Sell EUR - Buy MXN  Invert

EUR to MXN - Trading Range (90 Day)
ALERT: 14-DAY LOWS 🔔 |
90-DAY TREND: At 21.33 EUR/MXN is trading near the average 21.41 with a range 21.05 to 21.92. ALERT: EUR/MXN has dropped to 14-DAY LOWS.
Update: 08-Dec 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

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EUR/MXN Exchange Rates and Providers Compared

This guide to the Euro to Mexican Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to MXN comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our EUR/MXN Quick Calculator.

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(Mex$)Exchange RateFee EURTotal CostDeal Links
WorldFirst logo
Mex$105,900
Best Overall
21.1800.52%
OFX logo
Mex$104,550
Mex$1,350 less
20.910 for BER users (normally $15)1.79%
TorFX logo
Mex$104,450
Mex$1,450 less
20.8901.88%
HSBC logo
Mex$102,346
Mex$3,554 less
20.5€7.53.86%
Deutsche Bank International Money Transfers
Deutsche Bank logo
Mex$101,376
Mex$4,524 less
20.48€504.77%
Citibank International Money Transfers
Citibank logo
Mex$101,306
Mex$4,594 less
20.31124.83%
Santander International Money Transfers
Santander logo
Mex$100,745
Mex$5,155 less
20.23205.36%
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
Mex$100,179
Mex$5,721 less
20.17125.89%
Bank of Ireland International Money Transfers
Bank of Ireland logo
Mex$100,139
Mex$5,761 less
20.23€505.93%
BNP Paribas International Money Transfers
BNP Paribas logo
Mex$99,594
Mex$6,306 less
20.12€506.44%
Crédit Agricole International Money Transfers
Crédit Agricole logo
Mex$99,396
Mex$6,504 less
20.08€506.63%
AIB Bank International Money Transfers
AIB Bank logo
Mex$99,000
Mex$6,900 less
20€507%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
Mex$97,706
Mex$8,194 less
19.6158.22%
 

WorldFirst logo

WorldFirst: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:
Exchange Rate:21.18 (0.52% from mid-rate)
To Amount (MXN) Mex$105,900
Total Cost:0.52%
Time:6:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:20.91 (1.79% from mid-rate)
To Amount (MXN) Mex$104,550
Total Cost:1.79%
Difference:
Mex$1,350 MXN less than using WorldFirst
Time:
Rate Fetched: Mon Dec 09 2019 05:12:04 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:0
Exchange Rate:20.89 (1.88% from mid-rate)
To Amount (MXN) Mex$104,450
Total Cost:1.88%
Difference:
Mex$1,450 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:20.5 (3.71% from mid-rate)
To Amount (MXN) Mex$102,346
Total Cost:3.86%
Difference:
Mex$3,554 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Deutsche Bank logo

Deutsche Bank: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:20.48 (3.81% from mid-rate)
To Amount (MXN) Mex$101,376
Total Cost:4.77%
Difference:
Mex$4,524 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:12
Exchange Rate:20.31 (4.6% from mid-rate)
To Amount (MXN) Mex$101,306
Total Cost:4.83%
Difference:
Mex$4,594 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Santander logo

Santander: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:20
Exchange Rate:20.23 (4.98% from mid-rate)
To Amount (MXN) Mex$100,745
Total Cost:5.36%
Difference:
Mex$5,155 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:12
Exchange Rate:20.17 (5.26% from mid-rate)
To Amount (MXN) Mex$100,179
Total Cost:5.89%
Difference:
Mex$5,721 MXN less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of Ireland logo

Bank of Ireland: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:20.23 (4.98% from mid-rate)
To Amount (MXN) Mex$100,139
Total Cost:5.93%
Difference:
Mex$5,761 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

BNP Paribas logo

BNP Paribas: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:20.12 (5.5% from mid-rate)
To Amount (MXN) Mex$99,594
Total Cost:6.44%
Difference:
Mex$6,306 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Crédit Agricole logo

Crédit Agricole: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:20.08 (5.68% from mid-rate)
To Amount (MXN) Mex$99,396
Total Cost:6.63%
Difference:
Mex$6,504 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

AIB Bank logo

AIB Bank: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:20 (6.06% from mid-rate)
To Amount (MXN) Mex$99,000
Total Cost:7%
Difference:
Mex$6,900 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logo

Sparkasse Bank: Foreign Transfer EUR→MXN
From Amount (EUR)€5,000
Fee:15
Exchange Rate:19.6 (7.94% from mid-rate)
To Amount (MXN) Mex$97,706
Total Cost:8.22%
Difference:
Mex$8,194 MXN less than using WorldFirst
Time:6:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/09/2019 - 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.

  

Mexican peso Travel Money

  

Travel Money ProvidersAmount MXN(Mex$)Exchange RateFee EURTotal CostDeal Links
Deutsche Bank Foreign Currency
Deutsche Bank logo
Mex$19,533
Compare
19.83€158.25%
Citibank Foreign Currency
Citibank logo
Mex$19,424
Mex$109 less
19.62€108.76%
BNP Paribas Foreign Currency
BNP Paribas logo
Mex$19,424
Mex$109 less
19.72€158.76%
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
Mex$19,235
Mex$298 less
19.44€109.65%
Crédit Agricole Foreign Currency
Crédit Agricole logo
Mex$19,227
Mex$306 less
19.52€159.69%
Bank of Ireland Foreign Currency
Bank of Ireland logo
Mex$19,196
Mex$337 less
19.39€109.84%
AIB Bank Foreign Currency
AIB Bank logo
Mex$19,157
Mex$376 less
19.35€1010.02%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
Mex$19,018
Mex$515 less
19.21€1010.67%
HSBC logo
Mex$18,900
Mex$633 less
18.9011.23%
Travelex Online logo
Mex$17,963
Mex$1,570 less
17.9634015.63%
 

Deutsche Bank logo

Deutsche Bank: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:19.83 (6.86% from mid-rate)
To Amount (MXN) Mex$19,533
Total Cost:8.25%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:19.62 (7.84% from mid-rate)
To Amount (MXN) Mex$19,424
Total Cost:8.76%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

BNP Paribas logo

BNP Paribas: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:19.72 (7.38% from mid-rate)
To Amount (MXN) Mex$19,424
Total Cost:8.76%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:18.8 (11.7% from mid-rate)
To Amount (MXN) Mex$19,235
Total Cost:9.65%
Currency Services:Branch
Delivery/Collect:-
 

Crédit Agricole logo

Crédit Agricole: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:19.52 (8.31% from mid-rate)
To Amount (MXN) Mex$19,227
Total Cost:9.69%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Bank of Ireland logo

Bank of Ireland: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:19.39 (8.93% from mid-rate)
To Amount (MXN) Mex$19,196
Total Cost:9.84%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

AIB Bank logo

AIB Bank: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:19.35 (9.11% from mid-rate)
To Amount (MXN) Mex$19,157
Total Cost:10.02%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Sparkasse Bank logo

Sparkasse Bank: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:19.21 (9.77% from mid-rate)
To Amount (MXN) Mex$19,018
Total Cost:10.67%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:
Exchange Rate:18.9 (11.23% from mid-rate)
To Amount (MXN) Mex$18,900
Total Cost:11.23%
Time:6:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Travelex Online logo

Travelex Online: Travel Money EUR→MXN
From Amount (EUR)€1,000
Fee:undefined
Exchange Rate:17.9634 (15.63% from mid-rate)
To Amount (MXN) Mex$17,963
Total Cost:15.63%
Time:
Rate Fetched: Mon Dec 09 2019 06:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 12/09/2019 - See full table

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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