In this Pound Sterling to Mexican peso guide:
Compare GBP to MXN Exchange Rates
When sending or spending money abroad you should always check the total cost of the exchange rate and fees offered by your bank or FX provider. Exchange rates for foreign transfers and currency exchange always contain a margin from the wholesale GBP/MXN rate (see above) plus additional fixed or percentage fees, but these costs can be hard to calculate.
The below comparison table makes it easy to calculate how much you are being charged for Transfers and Currency Exchange and the possible savings of using another FX provider.
We can help you get an even better deal when sending a Large International Money Transfer.
Click below for the Request Quotes form and enter your transfer details (BER account required).
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Pound Sterling to Mexican peso - Recent Trend
GBP - MXN - Forecasts & News
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.
GBP/USD – closed the week at 1.4160 (1.4210 last week). The Fed’s hawkish shift hit the Pound hard, pushing it 1.6% lower in 2 days. GBP Forecasts
Country Guides - Mexican peso
How to get Good GBP 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.
GBP to MXN - Quick Amounts
|£ 1||Mex$ 28.40|
|£ 5||Mex$ 142.00|
|£ 10||Mex$ 284.00|
|£ 20||Mex$ 568.00|
|£ 50||Mex$ 1,420|
|£ 100||Mex$ 2,840|
|£ 250||Mex$ 7,100|
|£ 500||Mex$ 14,200|
|£ 1,000||Mex$ 28,400|
|£ 2,000||Mex$ 56,800|
|£ 5,000||Mex$ 142,000|
|£ 10,000||Mex$ 284,000|
|£ 20,000||Mex$ 568,000|
|£ 50,000||Mex$ 1,420,000|
|£ 100,000||Mex$ 2,840,000|
|£ 0.0352||Mex$ 1|
|£ 0.1760||Mex$ 5|
|£ 0.3521||Mex$ 10|
|£ 0.7042||Mex$ 20|
|£ 1.7605||Mex$ 50|
|£ 3.5209||Mex$ 100|
|£ 8.8023||Mex$ 250|
|£ 17.60||Mex$ 500|
|£ 35.21||Mex$ 1,000|
|£ 70.42||Mex$ 2,000|
|£ 176.05||Mex$ 5,000|
|£ 352.09||Mex$ 10,000|
|£ 704.18||Mex$ 20,000|
|£ 1,760||Mex$ 50,000|
|£ 3,521||Mex$ 100,000|
More Pound Sterling Rates & Trends
GBP to USD
GBP to USD at 1.3931 is just below its 90-day average, range 1.3689-1.4208. GBP/USD Rates
GBP to EUR
GBP to EUR at 1.1688 is 0.7% above its 90-day average, range 1.1471-1.1774. GBP/EUR Rates
GBP to AUD
GBP to AUD at 1.8466 has risen 1.8% above its 90-day average, range 1.7784-1.8485. GBP/AUD Rates
GBP to INR
GBP to INR at 103.5 is 0.7% above its 90-day average, range 99.46-105.1. GBP/INR Rates
GBP to TRY
GBP to TRY at 12.07 has risen 3.4% above its 90-day average, range 10.84-12.27. 1D▼-1.4% GBP/TRY Rates
What is a good GBP 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 Pound Sterling vs Mexican peso current value is to look the GBP/MXN historic rate and change over a range of periods.
The following table looks at the change in the GBP to MXN exchange rate over periods from the previous week back to the last 10 years.
15 Jun 2021→
|0.6% ▲||1 Week|
23 May 2021→
|0.7% ▲||30 Days|
24 Mar 2021→
|0.7% ▼||90 Days|
22 Jun 2020→
|1.4% ▲||1 Year|
23 Jun 2016→
|4.3% ▲||5 Years|
25 Jun 2011→
|49.4% ▲||10 Years|
GBP/MXN rate change to 22-Jun-2021 → 28.3950
Will the Pound Sterling 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 GBP/MXN to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.
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