The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
GBP to MXN Market Data
British pound (GBP) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Bearish-to-range-bound.
Key drivers:
- Rate gap: Bank of England cautious on rate cuts; Bank of Mexico has paused cuts, benefiting the peso.
- Risk/commodities: Volatile oil prices could impact MXN strength.
- Economic growth forecasts: Modest GDP growth in Mexico vs. slowing growth in the UK.
Range: GBP/MXN expected to hold steady near recent lows, moving within a stable range.
What could change it:
- Upside risk: Surprise shift in UK economic data could boost pound appeal.
- Downside risk: Ongoing geopolitical tensions or poor trade data might further weaken the pound.
GBP/MXN remains weak, trading below the 90-day avg and within the lower half of its range. Caution advised for those planning transactions
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GBP to MXN Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Mexican peso across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to MXN?
The best GBP to MXN exchange rate is 23.48 from OFX . This is -0.47% compared to the mid-market rate 23.59.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (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 by
banks and other foreign exchange providers against the latest GBP-MXN mid-rate and the possible savings of using various providers.
How do GBP-MXN rates compare between providers?
Looking at the full
GBP to MXN - Send Money comparison table the provider with the best GBP to MXN exchange rate is OFX at 23.48, -0.47% from the latest mid-market rate 23.59.
The next best is XE at 23.45, -0.59% from the mid-rate.
Then Wise at 23.43, which is -0.68% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.