Comparing EUR to MXN Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale EUR/MXN rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for EUR to MXN International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
Euro to Mexican Peso - Quick Conversions
|
EUR |
MXN |
| € 1 |
Mex$ 23.91 |
| € 5 |
Mex$ 119.55 |
| € 10 |
Mex$ 239.10 |
| € 20 |
Mex$ 478.20 |
| € 50 |
Mex$ 1,196 |
| € 100 |
Mex$ 2,391 |
| € 250 |
Mex$ 5,978 |
| € 500 |
Mex$ 11,955 |
| € 1,000 |
Mex$ 23,910 |
| € 2,000 |
Mex$ 47,820 |
| € 5,000 |
Mex$ 119,550 |
| € 10,000 |
Mex$ 239,100 |
| € 50,000 |
Mex$ 1,195,500 |
| € 100,000 |
Mex$ 2,391,000 |
| More amounts |
Calculate other EUR/MXN amounts (from or to) at mid-market with our
EUR to MXN Calculator .
Euro and Mexican Peso - Market News
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)
The Euro has regained it’s mojo in December after dropping back in November due to the COVID-19 second-wave outbreak with France, Italy, and Germany. EUR/USD is over $US1.215 and at its yearly highs.
Get more details in the article Euro Forecasts.
Mexican Peso (MXN)
The Mexican peso continued its good run in 2020 hitting the significant value of 20 to the US dollar November 23rd, as the oil price continues to improve and investors look for higher yield investments. 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's prediction in April was dire; Cash transfers from immigrants in the U.S. to family in Latin America would plummet 19% due to the pandemic. However with remittances surging, the level of money being sent is roughly equal with 2019.
Country Guides - Mexican Peso
How to get Good EUR to MXN Exchange Rates
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
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).
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.
What is a good EUR to MXN exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Euro vs Mexican Peso current value is to look the EUR/MXN historic rate and change over a range of periods.
The following table looks at the change in the EUR to MXN exchange rate over periods from the previous week back to the last 10 years.
| EUR/MXN | Change | Period |
|---|
| 24.4517 08 Jan 2021 | 2.2% â–¼ | 1 Week |
| 24.2424 16 Dec 2020 | 1.4% â–¼ | 30 Days |
| 24.7668 17 Oct 2020 | 3.5% â–¼ | 90 Days |
| 20.9131 16 Jan 2020 | 14.3% â–² | 1 Year |
| 19.9515 17 Jan 2016 | 19.8% â–² | 5 Years |
| 16.0730 18 Jan 2011 | 48.8% â–² | 10 Years |
EUR/MXN 10 year historic rates & change to 15-Jan-2021 : 23.9093
Will the Euro 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 EUR/MXN to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.