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Compare USD to MXN foreign transfers

Use our comparison table to find the best exchange rates for Mexican Peso foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
$USD
$MXN

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Foreign Transfer Providers
Ratings & Reviews
Receive MXN($)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
187,300 MXN
Best Overall
18.730^1.22%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
188,434 MXN
1,134 MXN
18.94$510.62%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
183,369 MXN
3,931 MXN
18.37183.29%Online, Branch, Bank Transfers2-3 days
HSBC logo
183,225 MXN
4,075 MXN
18.35$153.37%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
182,135 MXN
5,165 MXN
18.32153.94%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
180,972 MXN
6,328 MXN
18.28$1004.56%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
180,972 MXN
6,328 MXN
18.28$1004.56%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→MXN
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:18.73 (1.22% from mid-rate)
MXN amount:187,300 MXN
Total Cost:1.22%
Time:
Rate Fetched: Tue Apr 23 2019 16:02:44 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→MXN
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:18.94 (0.11% from mid-rate)
MXN amount:188,434 MXN
Total Cost:0.62%
Difference:
1,134 MXN more than using OFX
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→MXN
USD amount:$10,000 USD
Fee:18
Exchange Rate:18.37 (3.12% from mid-rate)
MXN amount:183,369 MXN
Total Cost:3.29%
Difference:
3,931 MXN less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→MXN
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:18.35 (3.22% from mid-rate)
MXN amount:183,225 MXN
Total Cost:3.37%
Difference:
4,075 MXN less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→MXN
USD amount:$10,000 USD
Fee:15
Exchange Rate:18.24 (3.8% from mid-rate)
MXN amount:182,135 MXN
Total Cost:3.94%
Difference:
5,165 MXN less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→MXN
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:18.28 (3.59% from mid-rate)
MXN amount:180,972 MXN
Total Cost:4.56%
Difference:
6,328 MXN less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→MXN
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:18.28 (3.59% from mid-rate)
MXN amount:180,972 MXN
Total Cost:4.56%
Difference:
6,328 MXN less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the USD-MXN mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market USD-MXN exchange rate.

Currency news 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

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Mexican Peso (MXN) - Market news and forecasts

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.