Use this two-way calculator and chart to calculate amounts in either U.S. dollar or 1000 using
the real-time USD/MXN market mid-rate.
Then choose your transaction type
Foreign TransferTravel Money
to see the available exchange rates and reviews for our leading foreign exchange providers.
There are three important types of information that you need to know if you are to have any chance of getting the
best possible USD / MXN rate :
Market USD to MXN mid-rate - the starting point.
Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for
Foreign Transfers
and
Travel Money
transactions.
Right now the USD/MXN market rate is
and represents how many
Mexican peso
you can get for one U.S. dollar.
You can calculate with the current mid-rate using our
USD to MXN
calculator below but note the rate will most likely be quite different by the time you make you currency exchange.
The mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / MXN was traded (bought or sold) in the international markets.
2. Transaction Costs - Margins and Fees for USD/MXN Foreign Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
USD to MXN Foreign Transfer - Costs Compared
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from USD to MXN.
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This is the amount of money that could be received by your transfer at rate USD/MXN=18.08 and inclusive of the fee of USD 0. Rate timestamp : Sat Apr 21 2018 01:03:40 GMT+0000 (UTC)
This is the average USD to MXN International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Amount of money that could be received by your currency exchange at rate USD/MXN=16.3632 and inclusive of the fee of USD 0. Rate timestamp : Sat Apr 21 2018 01:00:03 GMT+0000 (UTC)
This is the average USD to MXN Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.
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.
Why can't I just get the same USD/MXN market rate I see on Google or in the Media?
When you look up the current U.S. dollar to Mexican peso exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
USD to MXN mid-rate on google search
Getting a great USD to MXN mid-market rate is all about timing, so unless you
are able to wait, watch and time the market this is largely beyond your control.
This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will
get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use the below
USD to MXN calculator to convert currency amounts using the latest mid-market exchange rates.
Then choose your transaction type for specific U.S. dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
3. Currency News, Research and Forecasts for U.S. dollar and Mexican peso
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.
So it follows that if you are determining the best time to transact, in this case the USD vs MXN, you should pay attention to both U.S. dollar and Mexican peso news and forecasts.
U.S. dollar (USD) - Market news and forecasts
Against a basket of currencies, the U.S. dollar held steady in February and March – a welcome change considering the currency’s 15% fall in the preceding 13 months. However, any boost the greenback might receive from higher U.S. interest rates (the Fed hiked again in March) is likely to be offset by the longer-term consequences of U.S. trade tariffs, thinks a growing number of FX analysts. The latest round of tariffs include those on steel and aluminium imports and on $60 billion worth of Chinese goods, all aimed at boosting U.S. manufacturers.
The question of whether China in particular would take retaliatory steps on trade was a hot topic approaching the end of March. Analysts at Bank of America Merrill Lynch, BK Asset Management and Lloyds all said that the dollar would weaken on any escalation of trade tensions. In March, Lloyds reduced its dollar-euro year-end forecast to 0.8 (EUR/USD 1.25), from 0.82.
With trade on everyone’s lips and with traders uninspired by U.S. economic prospects, it is not surprising that the dollar’s trajectory has decoupled in 2018 from that of U.S. interest rate expectations. Despite yields climbing steadily this year, the dollar has sunk.
“It’s easy to see the weak-dollar story persisting,” said ING in February. The bank has forecast dollar-euro at just 0.77 at year-end (EUR/USD 1.3).
Mexican peso (MXN) - Market news and forecasts
The Mexican peso had a difficult end to 2017. During the final four months of the year the currency lost ten percent of its value against the dollar and fell to a record low against the euro. The year ended with the dollar and euro buying 19.64 pesos and 23.59 pesos respectively.
Holders of pesos will therefore have welcomed a 5% gain against the dollar (18.64) in the first two months of 2018 and stability against the euro (23.0), as well as expectations for further peso appreciation. Entering 2018, all analysts polled by Bloomberg predicted a stronger peso this year (versus USD), with most year-end forecasts lying between 17 and 18 pesos per dollar.
Themes driving the peso in 2018 will include political uncertainty ahead of this summer’s election; monetary policy, with the probability of further interest rate hikes in Mexico remaining high; and, most crucial of all, negotiations over “NAFTA 2.0” – a trade deal that is vital to the Mexican economy given that 80% of the country's exports go to the US.
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