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USD to MXN - Exchange Rates

US 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.

Foreign Exchange margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 USD = 24.58 MXN

   Sell USD / Buy MXN  Switch

USD to MXN 90-Day Trend
ALERT:1-DAY0.7% 🔔|
USD/MXN at 24.45 was trading 20.3% above AVG:20.32 with LO:18.55 and HI:25.39 (90 days). ALERT: USD/MXN has reversed trend and is DOWN 0.7%
08-APR 2AM-NY 7AM-LON 2PM-HK 4PM-SYD

Convert USD to MXN More Charts


Quick Conversions from US Dollar to Mexican Peso

USD MXN
U$ 1 Mex$ 24.58
U$ 5 Mex$ 122.90
U$ 10 Mex$ 245.80
U$ 20 Mex$ 491.60
U$ 50 Mex$ 1,229
U$ 100 Mex$ 2,458
U$ 250 Mex$ 6,145
U$ 500 Mex$ 12,290
U$ 1,000 Mex$ 24,580
U$ 2,000 Mex$ 49,160
U$ 5,000 Mex$ 122,900
U$ 10,000 Mex$ 245,800
U$ 50,000 Mex$ 1,229,000
U$ 100,000 Mex$ 2,458,000
More amounts
USD MXN
U$ 0.0407 Mex$ 1
U$ 0.2034 Mex$ 5
U$ 0.4069 Mex$ 10
U$ 0.8137 Mex$ 20
U$ 2.0343 Mex$ 50
U$ 4.0686 Mex$ 100
U$ 10.17 Mex$ 250
U$ 20.34 Mex$ 500
U$ 40.69 Mex$ 1,000
U$ 81.37 Mex$ 2,000
U$ 203.43 Mex$ 5,000
U$ 406.86 Mex$ 10,000
U$ 2,034 Mex$ 50,000
U$ 4,069 Mex$ 100,000
More amounts

To calculate your own USD/MXN amounts use our Convert USD to MXN quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Provider Receive MXN(Mex$) Exchange RateFee USDDeal Links
XE logo
Mex$242,600
1.26%
Best Overall
24.260
OFX logo
Mex$240,700
2.03%
Mex$1,900 less
24.070^
Wells Fargo Bank logo
Mex$235,475
4.16%
Mex$7,125 less
23.5918
HSBC logo
Mex$235,346
4.21%
Mex$7,254 less
23.57U$15
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
Mex$233,882
4.8%
Mex$8,718 less
23.5315
Bank of America International Money Transfers
Bank of America logo
Mex$232,353
5.43%
Mex$10,247 less
23.47U$100
U.S. Bank International Money Transfers
U.S. Bank logo
Mex$232,353
5.43%
Mex$10,247 less
23.47U$100
 
XE: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:
Exchange Rate:24.26 (1.26% from mid-rate)
To Amount (MXN) Mex$242,600
Total Cost:1.26%
Time:6:37 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
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:24.07 (2.03% from mid-rate)
To Amount (MXN) Mex$240,700
Total Cost:2.03%
Difference:
Mex$1,900 MXN less than using XE
Time:
Rate Fetched: Wed Apr 08 2020 06:02:46 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:18
Exchange Rate:23.59 (3.98% from mid-rate)
To Amount (MXN) Mex$235,475
Total Cost:4.16%
Difference:
Mex$7,125 MXN less than using XE
Time:6:37 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:23.57 (4.06% from mid-rate)
To Amount (MXN) Mex$235,346
Total Cost:4.21%
Difference:
Mex$7,254 MXN less than using XE
Time:6:37 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:23.42 (4.68% from mid-rate)
To Amount (MXN) Mex$233,882
Total Cost:4.8%
Difference:
Mex$8,718 MXN less than using XE
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:23.47 (4.47% from mid-rate)
To Amount (MXN) Mex$232,353
Total Cost:5.43%
Difference:
Mex$10,247 MXN less than using XE
Time:6:37 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:23.47 (4.47% from mid-rate)
To Amount (MXN) Mex$232,353
Total Cost:5.43%
Difference:
Mex$10,247 MXN less than using XE
Time:6:37 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/04/2020 - View latest rates
 

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 Provider Amount MXN(Mex$) Exchange RateFee USDDeal Links
Travelex Online US logo
Mex$21,435
12.76%
Best Overall
21.43450^
U.S. Bank Foreign Currency
U.S. Bank logo
Mex$20,790
15.38%
Mex$645 less
20.790
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
Mex$20,582
16.23%
Mex$853 less
20.79U$10
Wells Fargo Bank logo
Mex$20,374
17.07%
Mex$1,061 less
20.79U$20
 
Travelex Online US: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:21.4345 (12.76% from mid-rate)
To Amount (MXN) Mex$21,435
Total Cost:12.76%
Time:
Rate Fetched: Wed Apr 08 2020 06:30:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:0
Exchange Rate:20.79 (15.38% from mid-rate)
To Amount (MXN) Mex$20,790
Total Cost:15.38%
Time:6:37 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:21.5 (12.49% from mid-rate)
To Amount (MXN) Mex$20,582
Total Cost:16.23%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:20.79 (15.38% from mid-rate)
To Amount (MXN) Mex$20,374
Total Cost:17.07%
Time:6:37 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 08/04/2020 - View latest rates
 

Country Guides (USD & MXN)

United StatesUnited States (USD)MexicoMexico (MXN)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
ZimbabweZimbabwe (USD)

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.

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

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.

Read more in the article USD Forecasts.

 

Mexican Peso (MXN)

The peso fortunes are connected to the oil market with oil high on the list of Mexico’s top exports.

US interest also affect the peso because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.


How to get Best USD to MXN Exchange Rates

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).

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.

What is a good USD to MXN exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the USD to MXN exchange rate to the present day for periods going back upto 10 years.

PeriodChange*USD/MXNDate
1 Day-0.7%24.560706 Apr 2020
7 Day+2.6%23.769031 Mar 2020
30 Day+15.7%21.077508 Mar 2020
3 Month+29.5%18.829208 Jan 2020
1 Year+28.4%18.987908 Apr 2019
5 Year+62%15.049909 Apr 2015
10 Year+99.9%12.195410 Apr 2010

*For period to 07-Apr 21UTC when USD/MXN was 24.3784

When is the best time to exchange USD to MXN?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts

We help you Save Money on Exchange Rates.

 

View all USD Exchange Rates