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, USD/MXN is below its 90-day average and sits in the lower half of the three-month range as traders digest policy signals.
Bias
bearish-to-range-bound, as GBP/MXN sits below its 90-day average and at the lower end of the three-month range.
Key drivers
- Rate gap: The BoE is on a mild easing path, while Banxico keeps policy tight, narrowing the typical yield advantage for GBP vs MXN and leaving GBP exposed to global risk swings.
- Macro factor: Mexico’s tariffs on Chinese imports could weigh on MXN by dampening trade activity and raising costs for some exporters.
- Risk/commodities: global risk appetite and oil-price volatility influence demand for risk currencies, leaving GBP/MXN sensitive to shifts in energy prices and broad financial conditions.
Range
GBP/MXN is likely to drift toward the lower end of the range and hover near the bottom of the band, with limited downside unless a new driver appears.
What could change it
- Upside risk: UK data surprises to the upside and the BoE signals a slower pace of rate cuts, supporting GBP and narrowing losses in GBP/MXN.
- Downside risk: Banxico delivers an unexpected rate tightening, strengthening MXN and pushing GBP/MXN lower.
Tweet
GBP/MXN sits near the bottom of its 3-month range and below the 90-day average, bias bearish-to-range-bound. BoE easing vs Banxico tightening narrows the yield gap and leaves GBP exposed to risk swings. MXN could weaken on tariffs and energy moves
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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 23.5 from OFX . This is -0.51% compared to the mid-market rate 23.62.
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 23.5, -0.51% from the latest mid-market rate 23.62.
The next best is XE at 23.48, -0.59% from the mid-rate.
Then Wise at 23.47, which is -0.64% 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.