United States Dollar to Mexican Peso - Calculate Compare Save
USD to MXN mid-rate = 18.7843
Right now the USD/MXN market mid-rate is 18.7843
and represents ideally how many Mexican Peso you can get for one United States Dollar.
You can calculate equivalent United States Dollar to Mexican Peso currency amounts (at mid-rate) below.
Then select the transaction type to compare the best exchange rates available for
USD to MXN transfers or buying MXN travel money.
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.
Date
Exchange Rate
Period
Change
19 Sep 2018
18.7709
Latest
12 Sep 2018
19.0422
1 Week
-1.42%
20 Aug 2018
19.0080
1 Month
-1.25%
23 Mar 2018
18.5262
6 Months
+1.32%
19 Sep 2017
17.8202
1 Year
+5.33%
19 Sep 2016
19.6585
2 Years
-4.52%
20 Sep 2013
12.8053
5 Years
+46.59%
21 Sep 2008
10.6592
10 Years
+76.1%
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.
Transaction Costs - Margins and Fees for USD/MXN Transfers and Currency 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.
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.
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.
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.
Currency News, Research and Forecasts for United States 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 must always be quoted in comparison 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
Until mid-August, the US dollar had been thriving, with a trade-weighted gain of 5.1 percent since January. A one-month wobble to mid-September had erased more than half of those gains but the remaining year-to-date gain of 2.4 percent was at least looking far rosier than 2017’s 10 percent slump. In a year in which safe havens have done well, the dollar ranked as the fifth best performer from a list of 21 important currencies.
Reasons for the dollar’s recent fall weren’t entirely obvious at the time of writing (September-17), given that most fundamental drivers appeared to be supportive, and those included a jump in US earnings, solid economic growth and safe-haven flows caused by trade tensions.
In mid-September, Citibank said of the dollar’s 6-12-month outlook that 3-4 percent upside was likely, followed by an 11 percent loss in the long term.
Like Citi, ING remain long-term bearish on the dollar. ING isn't ruling out interventions and jawboning from Washington aimed at weakening the dollar. President Trump would like a far lower dollar.
A near-term negative turn in US economic data might see the dollar lose 5-7 percent, ING said.
Mexican Peso (MXN) - Market news and forecasts
The peso struggled in the first half of the year; it fell by June 15th to an 18-month low of 21.0 per USD. Things were back on track by mid-August, so much so that the peso was in fact 2018's best performing currency at the time of this report, being one of only two currencies to hold a year-to-date gain over the dollar. Rates in the high 18s per USD marked a double-digit rally since mid-June.
NAFTA continues to be the centerpiece of peso news flow. Recent strength followed rumours that Washington would strike a compromise over Mexican farm exports and, by doing so, would bring closer a trade deal.
Political uncertainty in Mexico eased after the election of Andrés Manuel López Obrador as Mexican president, supporting the peso.
A Standard Chartered analyst with a history of successful peso predictions said in July that the peso would strengthen to 18 per dollar by year-end. Among emerging markets, “Mexico looks like one of the better stories,” the analyst said.
Why can't I just get the same 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.
When you look up the current United States 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 our USD to MXN currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates.
Then choose your transaction type for specific United States Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
Mexico
OFX
Travelex Online US
