CAD to MXN Transfers Compared

   

CAD to MXN trading at approx 13.53, down 1.4% from 3M avg of 13.72. Experts note Canada’s inflation drop to 1.7% and rising rate cut expectations may pressure CAD. Meanwhile, MXN benefits from high interest rates but faces potential depreciation risks ahead

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

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

The above Loonie 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 CAD-MXN mid-rate and the possible savings of using various providers. 

How do CAD-MXN rates compare between providers?

The next best is XE at 13.45, -0.59% from the mid-rate.

Then Wise at 13.45, which is -0.59% from the mid-rate.

The Western Union rate is 13.39 which is -1% from the mid-rate.

Among the banks the TD Bank rate is 13.64 at 0.81% the Scotiabank rate is 13.12 at -3% and the Royal Bank of Canada rate is 13.07 at -3.4% compared to the mid-rate 13.53.

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.