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USD to MXN - Rate Guide

United States Dollar to Mexican Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD/MXN update & alerts

1 USD = 18.66 MXN

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USD to MXN - Trading Range (90 Day)
ALERT: 90-DAY LOWS 🔔 |
USD/MXN at 18.67 is trading 2.4% below the 90-day average 19.13 with a range 18.67 to 19.63. ALERT: USD/MXN has dropped to 90-DAY LOWS.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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USD/MXN Exchange Rates and Providers Compared

This guide to the United States Dollar to Mexican Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to MXN comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our USD/MXN Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for USD/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee USDTotal CostDeal Links
OFX logo
Mex$182,100
Best Overall
18.210^2.41%
XE logo
Mex$184,300
Mex$2,200 more
18.4301.23%
Wells Fargo Bank logo
Mex$178,079
Mex$4,021 less
17.84184.56%
HSBC logo
Mex$177,933
Mex$4,167 less
17.82U$154.64%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
Mex$176,866
Mex$5,234 less
17.79155.21%
Bank of America International Money Transfers
Bank of America logo
Mex$175,725
Mex$6,375 less
17.75U$1005.82%
U.S. Bank International Money Transfers
U.S. Bank logo
Mex$175,725
Mex$6,375 less
17.75U$1005.82%
 
OFX logo
OFX: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:18.21 (2.41% from mid-rate)
To Amount (MXN) Mex$182,100
Total Cost:2.41%
Time:
Rate Fetched: Sun Jan 19 2020 18:02:59 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:
Exchange Rate:18.43 (1.23% from mid-rate)
To Amount (MXN) Mex$184,300
Total Cost:1.23%
Difference:
Mex$2,200 MXN more than using OFX
Time:18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:18
Exchange Rate:17.84 (4.39% from mid-rate)
To Amount (MXN) Mex$178,079
Total Cost:4.56%
Difference:
Mex$4,021 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:17.82 (4.5% from mid-rate)
To Amount (MXN) Mex$177,933
Total Cost:4.64%
Difference:
Mex$4,167 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:15
Exchange Rate:17.71 (5.09% from mid-rate)
To Amount (MXN) Mex$176,866
Total Cost:5.21%
Difference:
Mex$5,234 MXN less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:17.75 (4.87% from mid-rate)
To Amount (MXN) Mex$175,725
Total Cost:5.82%
Difference:
Mex$6,375 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:17.75 (4.87% from mid-rate)
To Amount (MXN) Mex$175,725
Total Cost:5.82%
Difference:
Mex$6,375 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/19/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount MXN(Mex$)Exchange RateFee USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
Mex$16,167
Compare
16.33U$1013.36%
 
Banks - Average Rate
Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:16.33 (12.48% from mid-rate)
To Amount (MXN) Mex$16,167
Total Cost:13.36%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/19/2020 - See full table

USDMXN blended flags

USD and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the USD vs MXN, you should pay attention to the recent market trends for both currencies.

United States Dollar (USD)

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

Read more in the article USD Forecasts.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.

Why can't I just get the USD/MXN market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / MXN was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

USDMXN blended flags

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

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