cancel-circle Switch

USD to MXN - Exchange Rates Guide

US Dollar to Mexican Peso exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

USD/MXN exchange rate (wholesale):

1 USD = 22.45 MXN

Sell USD / Buy MXN 

 
USD to MXN chart and trends
ALERT:4-DAY2.3% |
USD/MXN at 22.51 was trading 3.8% below AVG:23.39 with LO:21.5 and HI:25.39 (90 days). ALERT: USD/MXN is DOWN 2.3% this 4-DAY period.

US Dollar to Mexican Peso - Quick Conversions

USD MXN
U$ 1 Mex$ 22.45
U$ 5 Mex$ 112.25
U$ 10 Mex$ 224.50
U$ 20 Mex$ 449.00
U$ 50 Mex$ 1,123
U$ 100 Mex$ 2,245
U$ 250 Mex$ 5,613
U$ 500 Mex$ 11,225
U$ 1,000 Mex$ 22,450
U$ 2,000 Mex$ 44,900
U$ 5,000 Mex$ 112,250
U$ 10,000 Mex$ 224,500
U$ 50,000 Mex$ 1,122,500
U$ 100,000 Mex$ 2,245,000
More amounts
USD MXN
U$ 0.0445 Mex$ 1
U$ 0.2227 Mex$ 5
U$ 0.4455 Mex$ 10
U$ 0.8909 Mex$ 20
U$ 2.2273 Mex$ 50
U$ 4.4545 Mex$ 100
U$ 11.14 Mex$ 250
U$ 22.27 Mex$ 500
U$ 44.55 Mex$ 1,000
U$ 89.09 Mex$ 2,000
U$ 222.73 Mex$ 5,000
U$ 445.45 Mex$ 10,000
U$ 2,227 Mex$ 50,000
U$ 4,455 Mex$ 100,000
More amounts

To calculate other USD/MXN amounts try our home-page Convert USD to MXN quick converter.


Comparing Retail Exchange Rates

The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
 

USD to MXN International Money Transfers

Provider ReviewReceive MXN(Mex$)Exchange RateFee USDDeal Links
OFX
> Best Overall
Mex$22,060
1.68%
22.060^
XE
Mex$22,100
1.5%
22.10
HSBC logo
HSBC
Mex$21,628
3.6%
Mex$432 less
21.66U$1.50
U.S. Bank logo
U.S. Bank
Mex$21,570
3.86%
Mex$490 less
21.570
Bank of America logo
Bank of America
Mex$21,246
5.3%
Mex$814 less
21.57U$15
Wells Fargo Bank logo
Wells Fargo Bank
Mex$21,246
5.3%
Mex$814 less
21.68U$20
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
Mex$21,423
4.52%
Mex$637 less
21.6215
OFX
 
loading
OFX: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:22.06 (1.68% from mid-rate)
To Amount (MXN) Mex$22,060
Total Cost:1.68%
Time:
Rate Fetched: Fri Jul 03 2020 13:02:46 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Review:


Compare OFX Rates
XE
 
loading
XE: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:
Exchange Rate:22.10 (1.5% from mid-rate)
To Amount (MXN) Mex$22,100
Total Cost:1.5%
Time:13:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers
Rating:
 
: 3.5/5.0
Review:


Compare XE Rates
HSBC
 
loading
HSBC: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:21.66 (3.46% from mid-rate)
To Amount (MXN) Mex$21,628
Total Cost:3.6%
Difference:
Mex$432 MXN less than using OFX
Time:13:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare HSBC Rates
U.S. Bank
 
loading
U.S. Bank: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:0
Exchange Rate:21.57 (3.86% from mid-rate)
To Amount (MXN) Mex$21,570
Total Cost:3.86%
Difference:
Mex$490 MXN less than using OFX
Time:13:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare U.S. Bank Rates
Bank of America
 
loading
Bank of America: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:21.57 (3.86% from mid-rate)
To Amount (MXN) Mex$21,246
Total Cost:5.3%
Difference:
Mex$814 MXN less than using OFX
Time:13:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare Bank of America Rates
Wells Fargo Bank
 
loading
Wells Fargo Bank: Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:21.68 (3.37% from mid-rate)
To Amount (MXN) Mex$21,246
Total Cost:5.3%
Difference:
Mex$814 MXN less than using OFX
Time:13:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Review:


Compare Wells Fargo Bank Rates
Banks - Average Rate
 
loading
Foreign Transfer USD→MXN
From Amount (USD)U$1,000
Fee:15
Exchange Rate:21.53 (4.04% from mid-rate)
To Amount (MXN) Mex$21,423
Total Cost:4.52%
Difference:
Mex$637 MXN less than using OFX
Transfer Speed:
Services:


 
loading
Snapshot 07/03/2020 - View live rates
 
 

USD to MXN - Travel Money & Cards

Provider ReviewAmount MXN(Mex$)Exchange RateFee USDDeal Links
TransferWise
> Best Overall
Mex$21,985
2.01%
22.32U$15.00
U.S. Bank logo
U.S. Bank
Mex$21,000
6.4%
Mex$985 less
210
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
Mex$20,790
7.34%
Mex$1,195 less
21.0015
Wells Fargo Bank logo
Wells Fargo Bank
Mex$20,580
8.27%
Mex$1,405 less
21U$20
Travelex Online
Mex$20,007
10.83%
20.0070^
TransferWise
 
loading
TransferWise: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$15.00 USD (1.5%)
Exchange Rate:22.32 (-0.52% from mid-rate)
To Amount (MXN) Mex$21,985
Total Cost:2.01%
Time:13:29 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Review:


U.S. Bank
 
loading
U.S. Bank: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:0
Exchange Rate:21.00 (-6.4% from mid-rate)
To Amount (MXN) Mex$21,000
Total Cost:6.4%
Time:13:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Review:


Banks - Average Rate
 
loading
Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:15
Exchange Rate:19.63 (-12.51% from mid-rate)
To Amount (MXN) Mex$20,790
Total Cost:7.34%
Currency Services:Branch
Delivery/Collect:-


Wells Fargo Bank
 
loading
Wells Fargo Bank: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:21.00 (-6.4% from mid-rate)
To Amount (MXN) Mex$20,580
Total Cost:8.27%
Time:13:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Review:


Travelex Online
 
loading
Travelex Online: Travel Money USD→MXN
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:20.007 (-10.83% from mid-rate)
To Amount (MXN) Mex$20,007
Total Cost:10.83%
Time:
Rate Fetched: Fri Jul 03 2020 13:15:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Review:


 
loading
Snapshot 07/03/2020 - View live rates
 
 

Mexican Peso (MXN) Country Guides

MexicoMexico (MXN)

USDMXN blended flags

US Dollar and Mexican Peso Forecasts

When determining the best time to make a foreign exchange transaction, in this case the USD vs MXN, you should pay attention to the recent market trends for both currencies.

US Dollar (USD)

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

The US dollar held its value in 2019 despite the US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

Read more in the article USD Forecasts.

 

Mexican Peso (MXN)

The peso fortunes are connected to the oil market with oil high on the list of Mexico’s top exports.

US interest also affect the peso because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

How to get Best USD to MXN Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee 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.

 

What is a good USD to MXN exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the history of USD vs MXN.

The following table looks at the change in the USD to MXN historic exchange rate over a range of periods upto 10 years.

USD/MXN historic rateChange to 02-JulPeriod
22.6912  25 Jun 20200.9% ▼1 Week
21.7379  02 Jun 20203.5% ▲30 Days
24.9930  03 Apr 202010% ▼90 Days
19.0195  03 Jul 201918.3% ▲1 Year
15.7283  04 Jul 201543% ▲5 Years
13.1164  05 Jul 201071.5% ▲10 Years
USD/MXN 10 year historic rates & changes to 02-Jul-2020 : 22.4940
 

When is the best time to exchange USD to MXN?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts