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USD to MXN - Rate Guide

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

 

1 USD = 18.59 MXN

   Sell USD / Buy MXN  Switch

USD to MXN - Trading Range (90 Day)
90-DAY LOW (2d)
USD/MXN at 18.59 is trading 2.1% below the 90-day average 18.99 with a range 18.55 to 19.57. There are no current rate alerts.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from US Dollar to Mexican Peso

USD

MXN

U$ 1
Mex$ 18.59
U$ 5
Mex$ 92.95
U$ 10
Mex$ 185.90
U$ 20
Mex$ 371.80
U$ 50
Mex$ 929.50
U$ 100
Mex$ 1,859
U$ 250
Mex$ 4,648
U$ 500
Mex$ 9,295
U$ 1,000
Mex$ 18,590
U$ 2,000
Mex$ 37,180
U$ 5,000
Mex$ 92,950
U$ 10,000
Mex$ 185,900
U$ 50,000
Mex$ 929,500
U$ 100,000
Mex$ 1,859,000
More amounts

USD

MXN

U$ 0.0538
Mex$ 1
U$ 0.2690
Mex$ 5
U$ 0.5381
Mex$ 10
U$ 1.0761
Mex$ 20
U$ 2.6904
Mex$ 50
U$ 5.3807
Mex$ 100
U$ 13.45
Mex$ 250
U$ 26.90
Mex$ 500
U$ 53.81
Mex$ 1,000
U$ 107.61
Mex$ 2,000
U$ 269.04
Mex$ 5,000
U$ 538.07
Mex$ 10,000
U$ 2,690
Mex$ 50,000
U$ 5,381
Mex$ 100,000
More amounts

To calculate specific 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 Providers Receive MXN(Mex$)Exchange RateFee USDTotal CostDeal Links
OFX logo
182,700 Mex$
Best Overall
18.270^1.69%
XE logo
183,500 Mex$
Mex$800 more
18.3501.26%
TransferWise logo
184,753 Mex$
Mex$2,053 more
18.57U$510.59%
Wells Fargo Bank logo
178,678 Mex$
Mex$4,022 less
17.9183.86%
HSBC logo
178,632 Mex$
Mex$4,068 less
17.89U$153.88%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
177,487 Mex$
Mex$5,213 less
17.85154.5%
Bank of America International Money Transfers
Bank of America logo
176,319 Mex$
Mex$6,381 less
17.81U$1005.13%
U.S. Bank International Money Transfers
U.S. Bank logo
176,319 Mex$
Mex$6,381 less
17.81U$1005.13%
 
OFX logo
OFX: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:18.27 (1.69% from mid-rate)
To Amount (MXN)182,700 Mex$
Total Cost:1.69%
Time:
Rate Fetched: Tue Feb 18 2020 18:02:49 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$10,000
Fee:
Exchange Rate:18.35 (1.26% from mid-rate)
To Amount (MXN)183,500 Mex$
Total Cost:1.26%
Difference:
Mex$800 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:
 
TransferWise logo
TransferWise: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:18.57 (0.08% from mid-rate)
To Amount (MXN)184,753 Mex$
Total Cost:0.59%
Difference:
Mex$2,053 MXN more than using OFX
Time:18:03 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→MXN
From Amount (USD)U$10,000
Fee:18
Exchange Rate:17.9 (3.68% from mid-rate)
To Amount (MXN)178,678 Mex$
Total Cost:3.86%
Difference:
Mex$4,022 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$15 USD (.15%)
Exchange Rate:17.89 (3.74% from mid-rate)
To Amount (MXN)178,632 Mex$
Total Cost:3.88%
Difference:
Mex$4,068 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$10,000
Fee:15
Exchange Rate:17.78 (4.33% from mid-rate)
To Amount (MXN)177,487 Mex$
Total Cost:4.5%
Difference:
Mex$5,213 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$100 USD (1%)
Exchange Rate:17.81 (4.17% from mid-rate)
To Amount (MXN)176,319 Mex$
Total Cost:5.13%
Difference:
Mex$6,381 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$100 USD (1%)
Exchange Rate:17.81 (4.17% from mid-rate)
To Amount (MXN)176,319 Mex$
Total Cost:5.13%
Difference:
Mex$6,381 MXN less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - 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 Providers Amount MXN(Mex$)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
16,512 Mex$
Best Overall
16.51220^11.15%
U.S. Bank Foreign Currency
U.S. Bank logo
16,020 Mex$
Mex$492 less
16.02013.8%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
15,860 Mex$
Mex$652 less
16.02U$1014.66%
Wells Fargo Bank logo
15,700 Mex$
Mex$812 less
16.02U$2015.52%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:16.5122 (11.15% from mid-rate)
To Amount (MXN)16,512 Mex$
Total Cost:11.15%
Time:
Rate Fetched: Tue Feb 18 2020 18:00:04 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$1,000
Fee:0
Exchange Rate:16.02 (13.8% from mid-rate)
To Amount (MXN)16,020 Mex$
Total Cost:13.8%
Time:18:03 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$10 USD (1%)
Exchange Rate:16.26 (12.51% from mid-rate)
To Amount (MXN)15,860 Mex$
Total Cost:14.66%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:16.02 (13.8% from mid-rate)
To Amount (MXN)15,700 Mex$
Total Cost:15.52%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - 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)

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.


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+0.1%18.563217 Feb 2020
7 Day-0.4%18.656911 Feb 2020
30 Day-0.4%18.660719 Jan 2020
3 Month-4.6%19.484920 Nov 2019
1 Year-3.5%19.255718 Feb 2019
5 Year+24%14.987419 Feb 2015
10 Year+44.8%12.840020 Feb 2010

*For period to 18-Feb 21UTC when USD/MXN was 18.5879

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 myBER FX Alerts

We help you Save Money on Exchange Rates.

 

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