Best USD to MXN Exchange Rates - Compare & Save

In this US dollar to Mexican peso guide:

1 USD = MXN

USD to MXN at 20.16 is just 0.6% above its 90-day average 20.03 with range 19.53-20.58.

01-JUL 12AM-NY 5AM-LON 12PM-HK 2PM-SYD

Sell USD → Buy MXN

Track Rate

4-DAY▲+1.6%

14-DAY▼LOW3d

Mid-year the peso has weakened back above the key 20 level versus the US dollar.

When uncertainty increases, traders tend to move quickly out of emerging market FX such as the peso first before looking for safe havens.

USD-MXN Forecasts

Date	USD/MXN	Change	Period
16 Jun 2022	20.41	1.4% ▼	2 Week
01 Apr 2022	19.86	1.3% ▲	3 Month
30 Jun 2021	19.94	0.9% ▲	1 Year
01 Jul 2017	18.13	11% ▲	5 Year
02 Jul 2012	13.35	50.7% ▲	10 Year
05 Jul 2002	9.9017	103.2% ▲	20 Year

USD/MXN change over periods to 30-Jun-2022

USD to MXN - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Compare Transfer Rates : Send $10,000 USD → Receive MXN

Provider	Receive MXN	USD/MXN Rate	Cost
OFX Trusted brand in Foreign Exchange. Online & Phone. Helpful Dealers & support. Lock in an Exchange Rate with Spot & Forward Deals. See details	10,000 USD = 199,600 MXN Up to 8,500 MXN more 1.01% See details	19.96	1.01%	Visit OFX Best Value No fees on all your OFX transfers
HSBC See details	10,000 USD = 196,207 MXN Get Mex$3,393 less 2.69% See details	19.66	2.69%	Compare Rate
Western Union See details	10,000 USD = 195,400 MXN Get Mex$4,200 less 3.09% See details	19.54	3.09%	Compare Rate
TD Bank TD's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 USD = 194,870 MXN Get Mex$4,730 less 3.35% See details	19.53	3.35%	Compare Rate
Chase Bank Chase Bank's FX wire margin is generally 3.5% - 8.0% depending on currencies and amounts. See details	10,000 USD = 193,900 MXN Get Mex$5,700 less 3.83% See details	19.39	3.83%	Compare Rate
Wells Fargo Bank Wells Fargo's FX wire margin is generally 3.0% - 8.0% depending on currencies and amounts. See details	10,000 USD = 193,751 MXN Get Mex$5,849 less 3.91% See details	19.41	3.91%	Compare Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. See details	10,000 USD = 193,200 MXN Get Mex$6,400 less 4.18% See details	19.32	4.18%	Compare Rate
SHOW ALL	10,000 USD = 193,189 MXN Get Mex$6,411 less 4.19%	19.37	4.19%	Average Bank Rate
Bank of America Bank of America's FX wire margin is generally 4.0% - 8.0% depending on currencies and amounts. See details	10,000 USD = 192,720 MXN Get Mex$6,880 less 4.42% See details	19.33	4.42%	Compare Rate
U.S. Bank See details	10,000 USD = 192,521 MXN Get Mex$7,079 less 4.52% See details	19.31	4.52%	Compare Rate
Citibank See details	10,000 USD = 191,869 MXN Get Mex$7,731 less 4.84% See details	19.21	4.84%	Compare Rate
Deutsche Bank See details	10,000 USD = 191,763 MXN Get Mex$7,837 less 4.89% See details	19.37	4.89%	Compare Rate
CIBC CIBC's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 USD = 191,100 MXN Get Mex$8,500 less 5.22% See details	19.11	5.22%	Compare Rate

Cost % is Provider Rate Margin vs Mid-rate + Fees

USD/MXN=20.1629

4-DAY▲+1.6%

14-DAY▼LOW3d

My Rates

Transfers - United States to Mexico

USD to MXN - Travel & Spend

USD/MXN Mid-rate Calculator

* This table compares FX rates & fees of selected FX specialists and banks for USD to MXN International Money Transfers. Providers must be well established, reputable and regulated in the US as licensed money transmitters. We DO NOT compare every provider in the market. We may receive referral fees if you choose one of these providers however this will not affect the savings, exchange rates or fees you are charged by the provider.

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest USD to MXN Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - US dollar & Mexican peso

United States (USD)

Mexico (MXN)

How to get a good USD to MXN Exchange Rate

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

Generally speaking, if you are buying Mexican peso with US dollar, then it's good 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.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Mexico.

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 BestExchangeRates My Rates Watchlist 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.

Related exchange rates

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Provider	OFX
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$199,600
Exchange Rate	1USD = 19.96 MXN
Rate Margin	1.01%
Other Fees	$0
Total Cost (Rate Margin + Fees)	1.01%
Transfer Speed	1-2 days
Rate Retrieved	04:03 Local - BER

Provider	HSBC
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$196,207
Exchange Rate	1USD = 19.66 MXN
Rate Margin	2.49%
Other Fees	$20
Total Cost (Rate Margin + Fees)	2.69%
Difference	Get Mex$3,393 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

Provider	Western Union
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$195,400
Exchange Rate	1USD = 19.54 MXN
Rate Margin	3.09%
Other Fees	$0
Total Cost (Rate Margin + Fees)	3.09%
Difference	Get Mex$4,200 MXN less than withOFX
Transfer Speed	1-2 days
Rate Retrieved	04:03 Local - BER

Provider	TD Bank
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$194,870
Exchange Rate	1USD = 19.53 MXN
Rate Margin	3.14%
Other Fees	$22
Total Cost (Rate Margin + Fees)	3.35%
Difference	Get Mex$4,730 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	2022-07-01T04:00:04+0000

Provider	Chase Bank
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$193,900
Exchange Rate	1USD = 19.39 MXN
Rate Margin	3.83%
Other Fees	$0
Total Cost (Rate Margin + Fees)	3.83%
Difference	Get Mex$5,700 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

Provider	Wells Fargo Bank
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$193,751
Exchange Rate	1USD = 19.41 MXN
Rate Margin	3.73%
Other Fees	$18
Total Cost (Rate Margin + Fees)	3.91%
Difference	Get Mex$5,849 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

Provider	Paypal
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$193,200
Exchange Rate	1USD = 19.32 MXN
Rate Margin	4.18%
Other Fees	$0
Total Cost (Rate Margin + Fees)	4.18%
Difference	Get Mex$6,400 MXN less than withOFX
Transfer Speed	1-2 days
BER Rating	2/5.0
Rate Retrieved	04:03 Local - BER

Provider	Comparison Rate
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$193,189
Exchange Rate	1USD = 19.61 MXN
Rate Margin	2.74%
Total Cost (Rate Margin + Fees)	4.19%
Difference	Get Mex$6,411 MXN less than withOFX

Provider	Bank of America
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$192,720
Exchange Rate	1USD = 19.33 MXN
Rate Margin	4.13%
Other Fees	$30
Total Cost (Rate Margin + Fees)	4.42%
Difference	Get Mex$6,880 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

Provider	U.S. Bank
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$192,521
Exchange Rate	1USD = 19.31 MXN
Rate Margin	4.23%
Other Fees	$30
Total Cost (Rate Margin + Fees)	4.52%
Difference	Get Mex$7,079 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

Provider	Citibank
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$191,869
Exchange Rate	1USD = 19.21 MXN
Rate Margin	4.73%
Other Fees	$12
Total Cost (Rate Margin + Fees)	4.84%
Difference	Get Mex$7,731 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

Provider	Deutsche Bank
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$191,763
Exchange Rate	1USD = 19.37 MXN
Rate Margin	3.93%
Other Fees	$100.00 USD (1%)
Total Cost (Rate Margin + Fees)	4.89%
Difference	Get Mex$7,837 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

Provider	CIBC
FX Type	Foreign Transfer USD→MXN
From Amount (USD)	$10,000
To Amount (MXN)	Mex$191,100
Exchange Rate	1USD = 19.11 MXN
Rate Margin	5.22%
Other Fees	$0
Total Cost (Rate Margin + Fees)	5.22%
Difference	Get Mex$8,500 MXN less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	04:03 Local - BER

USD to MXN Exchange Rates

USD to MXN - Compare & Save

Multi-Vendor Quote

Country Guides - US dollar & Mexican peso

How to get a good USD to MXN Exchange Rate

Reduce Excessive costs and fees

Will the US dollar rise against the Mexican peso?

Related exchange rates