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Best MXN to USD Exchange Rates Compared Live

The best MXN to USD exchange rate is 0.060388. Compare foreign transfer and currency exchange rates, find better rates & deals.

MXN-USD Best Exchange Rate Calculator
 

Comparing MXN-USD exchange rates

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

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

 
 

MXN to USD Market Data

Mexican peso (MXN) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MXN =
0.060388We compare provider deals to this wholesale mid-market rate. Read more
USD
+0.6%
📈3M
MXN to USD at 0.060424 is 2.6% above its 3-month average of 0.058913, having traded in a quite stable 4.7% range from 0.057739 to 0.060465
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DateMXN/USDPeriod
10 Mar 2024
0.0595
2 Week
25 Dec 2023
0.0589
3 Month
25 Mar 2023
0.0542
1 Year
26 Mar 2019
0.0523
5 Year
27 Mar 2014
0.0764
10 Year
29 Mar 2004
0.0897
20 Year
MXN/USD historic rates
 

What are equivalent amounts of MXN and USD?

Here are some popular conversion amounts for MXN to USD (Mexican peso to US dollar)*.

MXN USD
Mex$ 1 $ 0.0604
Mex$ 5 $ 0.3019
Mex$ 10 $ 0.6039
Mex$ 20 $ 1.2078
Mex$ 50 $ 3.0194
Mex$ 100 $ 6.0388
Mex$ 250 $ 15.10
Mex$ 500 $ 30.19
Mex$ 1,000 $ 60.39
Mex$ 2,000 $ 120.78
Mex$ 5,000 $ 301.94
Mex$ 10,000 $ 603.88
Mex$ 20,000 $ 1,208
Mex$ 50,000 $ 3,019
Mex$ 100,000 $ 6,039
MXN USD
Mex$ 16.56 $ 1
Mex$ 82.80 $ 5
Mex$ 165.60 $ 10
Mex$ 331.20 $ 20
Mex$ 828.00 $ 50
Mex$ 1,656 $ 100
Mex$ 4,140 $ 250
Mex$ 8,280 $ 500
Mex$ 16,560 $ 1,000
Mex$ 33,120 $ 2,000
Mex$ 82,800 $ 5,000
Mex$ 165,600 $ 10,000
Mex$ 331,200 $ 20,000
Mex$ 828,000 $ 50,000
Mex$ 1,656,000 $ 100,000

More amounts

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

 
 

Forecasts for MXN to USD

 

According to recent exchange rate forecasts and market analyses, economists suggest that the Mexican peso (MXN) may experience fluctuations in the coming months, particularly around the second quarter of 2024 due to the country's presidential elections. The consensus among major banks such as Deutsche Bank, Commerce Bank, BBVA, Citibanamex, and BofA is that the MXN is currently considered expensive, with limited depreciation expected in 2024. The MXN/USD exchange rate is anticipated to trade range-bound between 18-19 MXN/USD, with the possibility of the MXN approaching the upper end of this range during the presidential elections period.

Read our full review of recent MXN to USD forecasts.

 

How to get a good MXN to USD exchange rate

There are several ways to save on exchange rates when converting Mexican peso to US dollar:

  1. Shop around for the best MXN/USD 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 MXN/USD 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 MXN and USD 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 US dollar with Mexican peso, then it's better for the MXN/USD 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 Mexican peso rise against the US dollar?

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 MXN/USD 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 the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

 
 
 

Currency Country Guides

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Setting up a business in the US as a foreigner

Setting up a business in the US as a foreigner is generally the same process as setting up a business as a US citizen. However, there may be additional legal requirements and regulations that apply to foreign nationals. It is advisable to consult with a lawyer who specializes in immigration and business law to ensure compliance with all relevant laws and regulations. Additionally, obtaining a valid work visa may be necessary in order to work in the US as a foreigner. It's important to research the specific requirements for the type of business you plan to start and the state where you plan to set it up.

Read more at our United States (USD) 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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