Best USD to MXN Exchange Rates - Compare & Save

In this US dollar to peso (USD/MXN) rate guide:

Rate Calculator - US dollar to Mexican peso

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Mexican peso (MXN) rates from different sources before making a conversion.

This exchange rate calculator makes it easy to compare the Total Cost you are being charged on US dollar to peso currency rates and the possible savings of using various providers.

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USD to MXN Market Data

US dollar (USD) to Mexican peso (MXN) market data - latest interbank mid-rate, trend, chart & historic rates.

1 USD = MXN

USD to MXN at 17.63 is 2.5% below its 3-month average of 18.09, having traded in a fairly volatile 8.8% range from 17.44 to 18.97

26-MAY 6PM-NY 11PM-LON 27-MAY 6AM-HK 8AM-SYD

Sell USD → Buy MXN

Track Rate

1 MXN = 0.056722 USD

14-DAY▲HIGH4d

1-DAY▼-1.2%1d

Date	USD/MXN	Change	Period
12 May 2023	17.60	0.2% ▲	2 Week
25 Feb 2023	18.39	4.1% ▼	3 Month
26 May 2022	19.77	10.8% ▼	1 Year
27 May 2018	19.54	9.8% ▼	5 Year
28 May 2013	12.58	40.1% ▲	10 Year
31 May 2003	10.31	71% ▲	20 Year

USD/MXN historic rates & change to 26-May-2023

What are USD to MXN forecasts?

26 MayAccording to recent market updates, the USD to MXN exchange rate has been trading in a volatile range, and currently stands at 1.4% below its 3-month average. The value of the MXN is linked to the oil market and US interest rates as Mexico holds large levels of dollar-denominated debt, which becomes harder to repay when US rates go up. However, the Mexican economy has been resilient in the face of the pandemic, with strong cash remittances from immigrant workers in the US helping to stimulate domestic demand and contribute to economic growth.

Read our full analysis of USD to MXN forecasts.

How to get a good USD to MXN exchange rate

There are several ways to save on exchange rates when converting US dollar to Mexican peso:

Shop around for the best USD/MXN exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the USD/MXN rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and MXN at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Mexican peso with US dollar, then it's better for the USD/MXN exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the US dollar rise against the Mexican peso?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add USD/MXN to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.

US dollar & Mexican peso - Country Guides

United States (USD)

Mexico (MXN)

Is Mexico a good place for Americans to retire to?

Mexico can be a good place for Americans to retire to, as it offers a lower cost of living and a warm climate in many areas. However, it is important to keep in mind that Mexico has its own unique culture and way of life, which may take some getting used to.

Additionally, it is important to be aware of the potential risks and hazards that can come with living in a foreign country, such as crime and political instability. It is also important to research the area you plan to retire to and understand the local laws and customs. Consulting with a financial advisor and attorney before making any decisions is also advisable.

Read more at our Mexico (MXN) country guide

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