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    Best CAD to MXN Exchange Rates

    The best CAD to MXN rate is 12.73, and is the current mid-market exchange rate. We help you compare Canadian dollar to Mexican peso rates and costs to this live market rate.

    In this loonie to Peso (CAD/MXN) rate guide:

    Compare exchange rates - CAD to MXN

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Mexican peso (MXN) rates from different sources before making a conversion.

    The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on loonie to Peso currency rates and the possible savings of using various providers.


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    @bestfxrates : 📈 CAD to MXN hits 14-day high at 12.83 amidst volatility. FX analysts eye Canada's strong job numbers with caution as CIBC foresees USD strength in 2024. Bank of Canada's rate path remains key. MXN braces for election-related swings, with Banxico possibly easing. Oil price dips challenge CAD's climb. #CADMXN #ForexUpdate

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    CAD to MXN Market Data

    Canadian dollar (CAD) to Mexican peso (MXN) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    12.73We compare provider deals to this wholesale mid-market rate. Read more
    CAD to MXN at 12.74 is just 0.6% below its 3-month average of 12.82, having traded in a fairly volatile 8.9% range from 12.31 to 13.40
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    14-DAY HIGH1d
    4-DAY +1.8%1d
    17 Nov 2023
    1.4% 2 Week
    02 Sep 2023
    1.1% 3 Month
    01 Dec 2022
    10.7% 1 Year
    02 Dec 2018
    16.4% 5 Year
    03 Dec 2013
    3.3% 10 Year
    06 Dec 2003
    48.2% 20 Year
    CAD/MXN historic rates & change to 01-Dec-2023

    Forecasts for CAD to MXN

    CADMXN chart
    14-DAY HIGH1d
    4-DAY +1.8%1d

    The CAD to MXN exchange rate has recently touched 14-day highs near 12.83, signaling a strengthening Canadian Dollar against the Mexican Peso, yet remaining volatile with a significant 8.9% range from 12.31 to 13.40 over the past three months. FX analysts monitoring this pair remain cautious due to underlying factors influencing both currencies. Despite strong employment figures in Canada which suggest the possibility of economic activity picking up, analysts from CIBC Capital Markets and Scotiabank highlight the potential for a persistent undervaluation of the CAD. CIBC Capital Markets has adjusted its year-end forecast for the USD/CAD rate in 2024 to 1.31, anticipating a stronger US Dollar. However, forecasting a potentially weaker USD in 2025 infers better prospects for the Canadian Dollar in the longer term. In the near term, the Bank of Canada's interest rate decisions could be pivotal, with the market potentially underestimating the likelihood of further rate hikes before the end of 2023, as noted by Scotiabank analysts.

    Read our full CAD to MXN forecasts analysis

    CAD to MXN flags

    How to get a good CAD to MXN exchange rate

    There are several ways to save on exchange rates when converting Canadian dollar to Mexican peso:

    1. Shop around for the best CAD/MXN exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the CAD/MXN rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and MXN at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Mexican peso with Canadian dollar, then it's better for the CAD/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.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the Canadian 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 CAD/MXN to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    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.

    Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.


    Country Currency Guides

    CanadaCanada (CAD)MexicoMexico (MXN)

    Is Mexico a good place for Americans to retire to?

    Mexico can be a good place for Americans to retire to, as it offers a lower cost of living and a warm climate in many areas. However, it is important to keep in mind that Mexico has its own unique culture and way of life, which may take some getting used to.

    Additionally, it is important to be aware of the potential risks and hazards that can come with living in a foreign country, such as crime and political instability. It is also important to research the area you plan to retire to and understand the local laws and customs. Consulting with a financial advisor and attorney before making any decisions is also advisable.

    Read more at our Mexico (MXN) country guide


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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