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: bullish-to-range-bound, GBP/USD sits above its 90-day average and in the upper half of the three-month range, with the near-term tilt modestly...
Bias
GBP/MXN: Bearish-to-range-bound, trading below the 90-day avg (90-day moving average) in the lower half of the 3-month range. BoE (Bank of England) remains restrictive with gradual easing likely later in 2026 while Banxico (Banco de México) holds, narrowing the policy gap. Oil remains volatile; firmer crude supports MXN, tempering GBP strength, while Mexico's tariff regime keeps MXN under pressure.
Key drivers
- Rate gap: BoE (Bank of England) remains restrictive with gradual easing expected later in 2026, while Banxico (Banco de México) holds, narrowing the policy gap.
- Risk/commodities: Oil remains volatile; firmer crude supports MXN through energy links and risk appetite, tempering any GBP strength.
- Macro factor: Mexico’s tariff regime on non-FTA imports adds near-term growth risks and keeps MXN under pressure.
Range
GBP/MXN is likely to drift in the three-month range, with a test of the lower end if risk mood stays soft.
What could change it
- Upside risk: UK data surprises to the upside and BoE signals a longer high-rate stance, lifting GBP.
- Downside risk: Mexico’s tourism rebound and infrastructure upgrades bolster MXN, weighing on GBP/MXN
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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 23.85 from OFX . This is -0.5% compared to the mid-market rate 23.97.
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 23.85, -0.5% from the latest mid-market rate 23.97.
The next best is XE at 23.82, -0.63% from the mid-rate.
Then Wise at 23.81, which is -0.67% 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.