Comparing GBP 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 GBP/MXN rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for GBP 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.
Pound Sterling to Mexican Peso - Quick Conversions
|
GBP |
MXN |
| £ 1 |
Mex$ 26.91 |
| £ 5 |
Mex$ 134.55 |
| £ 10 |
Mex$ 269.10 |
| £ 20 |
Mex$ 538.20 |
| £ 50 |
Mex$ 1,346 |
| £ 100 |
Mex$ 2,691 |
| £ 250 |
Mex$ 6,728 |
| £ 500 |
Mex$ 13,455 |
| £ 1,000 |
Mex$ 26,910 |
| £ 2,000 |
Mex$ 53,820 |
| £ 5,000 |
Mex$ 134,550 |
| £ 10,000 |
Mex$ 269,100 |
| £ 50,000 |
Mex$ 1,345,500 |
| £ 100,000 |
Mex$ 2,691,000 |
| More amounts |
Calculate other GBP/MXN amounts (from or to) at mid-market with our
GBP to MXN Calculator .
Pound Sterling and Mexican Peso - Market News
When determining the best time to make a foreign exchange transaction, in this case the GBP vs MXN, you should pay attention to the recent market trends for both currencies.
Pound Sterling (GBP)
The coronavirus pandemic had replaced Brexit in the headlines for most of this year, however Brexit is back in the spotlight as the end-of-year deadline for a trade deal with the Eurozone fast approaches.
Get more details in the article British Pound 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 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.
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 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.
| GBP/MXN | Change | Period |
|---|
| 27.1415 08 Jan 2021 | 0.9% ▼ | 1 Week |
| 26.8384 16 Dec 2020 | 0.2% ▲ | 30 Days |
| 27.3037 17 Oct 2020 | 1.5% ▼ | 90 Days |
| 24.5568 16 Jan 2020 | 9.6% ▲ | 1 Year |
| 26.0573 17 Jan 2016 | 3.3% ▲ | 5 Years |
| 19.1925 18 Jan 2011 | 40.2% ▲ | 10 Years |
GBP/MXN 10 year historic rates & change to 15-Jan-2021 : 26.9054
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.
⚇
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.