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Best GBP to MXN Exchange Rates Compared Live

The best GBP to MXN exchange rate is 20.98. Compare foreign transfer and currency exchange rates, find better rates & deals.

GBP-MXN Best Exchange Rate Calculator
 

Comparing GBP-MXN exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Mexican peso (MXN) rates from different sources before making a conversion.

The above Sterling to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest GBP-MXN mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : 📉 #GBPMXN faces headwinds as the Pound weakens amid BoE's dovish shift. With UK's political shifts & stagflation fears, further depreciation is likely. While MXN shows resilience with Banxico's policy & US ties, the Peso might stay range-bound. Recent rate at 20.98 hints at stability despite volatility. #ForexUpdate #CurrencyTrading

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GBP to MXN Market Data

Pound Sterling (GBP) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 GBP =
20.98We compare provider deals to this wholesale mid-market rate. Read more
MXN
+0.3%
📉3M
GBP to MXN at 20.98 is 2.6% below its 3-month average of 21.53, having traded in a quite stable 5.1% range from 20.91 to 21.97
|
Sell GBP   â†’   Buy MXN
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  1 MXN = 0.047655 GBP
DateGBP/MXNChangePeriod
14 Mar 2024
21.29
1.5% â–¼2 Week
29 Dec 2023
21.62
3% â–¼3 Month
29 Mar 2023
22.28
5.8% â–¼1 Year
30 Mar 2019
25.34
17.2% â–¼5 Year
31 Mar 2014
21.76
3.6% â–¼10 Year
02 Apr 2004
20.56
2% â–²20 Year
GBP/MXN historic rates & change to 28-Mar-2024
 

What are equivalent amounts of GBP and MXN?

Here are some popular conversion amounts for GBP to MXN (Pound Sterling to Mexican peso)*.

GBP MXN
£ 1 Mex$ 20.98
£ 5 Mex$ 104.90
£ 10 Mex$ 209.80
£ 20 Mex$ 419.60
£ 50 Mex$ 1,049
£ 100 Mex$ 2,098
£ 250 Mex$ 5,245
£ 500 Mex$ 10,490
£ 1,000 Mex$ 20,980
£ 2,000 Mex$ 41,960
£ 5,000 Mex$ 104,900
£ 10,000 Mex$ 209,800
£ 20,000 Mex$ 419,600
£ 50,000 Mex$ 1,049,000
£ 100,000 Mex$ 2,098,000
GBP MXN
£ 0.0477 Mex$ 1
£ 0.2383 Mex$ 5
£ 0.4766 Mex$ 10
£ 0.9531 Mex$ 20
£ 2.3828 Mex$ 50
£ 4.7655 Mex$ 100
£ 11.91 Mex$ 250
£ 23.83 Mex$ 500
£ 47.66 Mex$ 1,000
£ 95.31 Mex$ 2,000
£ 238.28 Mex$ 5,000
£ 476.55 Mex$ 10,000
£ 953.10 Mex$ 20,000
£ 2,383 Mex$ 50,000
£ 4,766 Mex$ 100,000

More amounts

*Converted at the current GBPMXN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for GBP to MXN

 

Based on recent forecasts and market updates, the GBP to MXN exchange rate is expected to face challenges in the coming months. The GBP has been under pressure due to dovish comments from the Bank of England, hinting at potential interest rate cuts in the near future. This stance contrasts with earlier expectations of the BoE maintaining rates until August. Analysts foresee the Pound depreciating further against the MXN as uncertainties around UK political changes and a possible stagflationary environment loom over the currency.

Read our full review of recent GBP to MXN forecasts.

 

How to get a good GBP to MXN exchange rate

There are several ways to save on exchange rates when converting Pound Sterling to Mexican peso:

  1. Shop around for the best GBP/MXN exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the GBP/MXN rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and MXN at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Mexican peso with Pound Sterling, then it's better for the GBP/MXN exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.

 
 
 

Currency Country Guides

United KingdomUnited Kingdom (GBP)MexicoMexico (MXN)
 

Is Mexico a good place for Americans to retire to?

Mexico can be a good place for Americans to retire to, as it offers a lower cost of living and a warm climate in many areas. However, it is important to keep in mind that Mexico has its own unique culture and way of life, which may take some getting used to.

Additionally, it is important to be aware of the potential risks and hazards that can come with living in a foreign country, such as crime and political instability. It is also important to research the area you plan to retire to and understand the local laws and customs. Consulting with a financial advisor and attorney before making any decisions is also advisable.

Read more at our Mexico (MXN) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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