AUD to MXN Transfers Compared

   

AUD/MXN is currently trading at 12.02, a 90-day low, down 1.4% from the avg of 12.19. Analysts note that Australia's inflation spike to 3.0% could support the AUD, but ongoing MXN challenges, including a rate cut to 7.5%, complicate the outlook. Caution is advised amidst global uncertainties

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What is the best Send Money conversion rate for AUD to MXN?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Mexican peso (MXN) rates from different sources before making a conversion.

The above Aussie to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest AUD-MXN mid-rate and the possible savings of using various providers. 

How do AUD-MXN rates compare between providers?

The next best is XE at 11.95, -0.58% from the mid-rate.

Then Wise at 11.94, which is -0.67% from the mid-rate.

The Western Union rate is 11.9 which is -1% from the mid-rate.

Among the banks the ANZ Bank rate is 11.7173 at -2.5% and the ING Bank rate is 11.46 at -4.7% compared to the mid-rate 12.02.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.