Compare USD/MXN Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from USD to MXN. The total costs are calculated against the latest mid-market rate.
Foreign Transfers
| Foreign Transfer Providers Ratings & Reviews | Receive MXN($) | Exchange Rate | Fee USD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
  OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 190,300 MXN Best Overall | 19.03 | 0^ | 1.22% | Bank Transfers - Online & Phone | 1-2 days | |
 Excellent rates and platform. Get local 'Borderless' accounts in GBP, EUR, USD, AUD, & NZD. More▾ | 190,722 MXN $422 more | 19.17 | $51 | 1% | Bank Transfers - Online | 1-2 days | |
Banks - Average Rate     Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 185,068 MXN $5,232 less | 18.62 | 15 | 3.94% | Online, Branch, Bank Transfers | 2-3 days |
The below table shows a snapshot of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.
Travel Money
| Travel Money Providers Ratings & Reviews | Amount MXN($) | Exchange Rate | Fee USD | Total Cost | Currency Services | Delivery/Collect | Deal Links |
|---|---|---|---|---|---|---|---|
Banks - Average Rate Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 18,036 MXN $6 less | 18.22 | $10 | 6.38% | Branch | - | |
 Get great travel money rates from Travelex when you order online. More▾ | 17,462 MXN $580 less | 17.4622 | 0^ | 9.36% | Online order, Branch pickup, Home delivery | 2-3 days |
USD to MXN mid-rate = 19.2347
Right now the USD/MXN market mid-rate is 19.2347 and represents ideally how many Mexican Peso you can get for one United States Dollar.
This USD/MXN Converter calculates equivalent United States Dollar to Mexican Peso amounts at the market mid-rate:
USD / MXN mid-rate converter
19.2347 Mexican Peso
Compare how much you can save on
USD/MXN exchange rates for:
United States Dollar |
Mexican Peso |
|---|---|
| 10 USD | 192.35 MXN |
| 100 USD | 1,923.47 MXN |
| 1,000 USD | 19,234.70 MXN |
| 2,000 USD | 38,469.40 MXN |
| 10,000 USD | 192,347.00 MXN |
| See more | |
United States Dollar |
Mexican Peso |
|---|---|
| 0.5199 USD | 10 MXN |
| 5.1989 USD | 100 MXN |
| 51.99 USD | 1,000 MXN |
| 103.98 USD | 2,000 MXN |
| 519.89 USD | 10,000 MXN |
| See more | |
| MXN Country Guides |
|---|
 Mexico |
United States Dollar to Mexican Peso (USD-MXN) - 10 Year History
The below table shows the historic variation in the USD/MXN exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 17 Feb 2019 | 19.2427 | Latest | |
| 10 Feb 2019 | 19.0771 | 1 Week | +0.87% |
| 18 Jan 2019 | 19.0840 | 1 Month | +0.83% |
| 21 Aug 2018 | 18.9465 | 6 Months | +1.56% |
| 17 Feb 2018 | 18.5201 | 1 Year | +3.9% |
| 17 Feb 2017 | 20.4369 | 2 Years | -5.84% |
| 18 Feb 2014 | 13.2392 | 5 Years | +45.35% |
| 19 Feb 2009 | 14.5775 | 10 Years | +32% |
Why can't I just get the USD/MXN market rate I see on Google or in the Media?
The USD/MXN mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses 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.
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.
The closer your final exchange rate is to the market USD/MXN midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good USD to MXN exchange rate
- Know the latest USD/MXN market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for United States Dollar and Mexican Peso
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second 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 United States Dollar and Mexican Peso news and forecasts.
United States Dollar (USD) - Market news and forecasts
26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.
In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.
“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.
Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”
January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.
Mexican Peso (MXN) - Market news and forecasts
12-February-2019: The December-January period was an excellent one for the Mexican peso as it strengthened by nearly 7 percent into the low 19s per USD. Traders began piling into pesos after USD/MXN failed multiple times in the fourth quarter ’18 to break meaningfully through important resistance at 20.5-20.6.
From here on in, the peso stands to appreciate, or will at least be among the best performing emerging market currencies of 2019, says an analyst at ING. The analyst said in February that the peso had most to gain because of its sensitivity to the oil price, which ING says has significant upside this year.
Also supporting the peso in 2019 will be a slower pace of Federal Reserve interest rate hikes. Under such conditions the dollar will weaken, and emerging market currencies should gain value as a result because their respective governments usually hold high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheaper.
