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Scotiabank CAD to MXN Exchange Rates Compared Live

The best CAD to MXN exchange rate is 12.53. Compare Scotiabank foreign transfer and currency exchange rates, find better rates & deals.

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Scotiabank - Comparing CAD-MXN exchange rates

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 above Scotiabank Loonie to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-MXN mid-rate (see below) and the possible savings of using another provider.

Scotiabank Canadian dollar to Mexican peso (CADMXN) rate guide contents:

 

Scotiabank at a glance

Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.

One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.

When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.

Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.

While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.

 
 
@bestfxrates : πŸ“‰ CAD faces headwinds with weak economic data & strong USD, trading within US$0.73-0.75. CIBC sees year-end USD/CAD at 1.31. MXN braces for election volatility, Banxico may cut rates. CADMXN near 90-day lows at 12.56, despite high OIL/USD prices at 83.62. Expect market movements ahead. #ForexUpdate #CADMXN

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We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

CAD to MXN Market Data

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

 
1 CAD =
12.53We compare provider deals to this wholesale mid-market rate. Read more
MXN
-0.5%
πŸ“‰3M
CAD to MXN is at 90-day lows near 12.54, 1.4% below its 3-month average of 12.72, having traded in a very stable 2.9% range from 12.54 to 12.90
|
Sell CAD   β†’   Buy MXN
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DateCAD/MXNChangePeriod
16 Feb 2024
12.64
0.7% β–Ό2 Week
02 Dec 2023
12.73
1.4% β–Ό3 Month
02 Mar 2023
13.33
5.9% β–Ό1 Year
03 Mar 2019
14.51
13.5% β–Ό5 Year
04 Mar 2014
11.98
4.8% β–²10 Year
06 Mar 2004
8.2150
52.8% β–²20 Year
CAD/MXN historic rates & change to 01-Mar-2024
 

What are equivalent amounts of CAD and MXN?

Here are some popular conversion amounts for CAD to MXN (Canadian dollar to Mexican peso)*.

CAD MXN
C$ 1 Mex$ 12.53
C$ 5 Mex$ 62.65
C$ 10 Mex$ 125.30
C$ 20 Mex$ 250.60
C$ 50 Mex$ 626.50
C$ 100 Mex$ 1,253
C$ 250 Mex$ 3,133
C$ 500 Mex$ 6,265
C$ 1,000 Mex$ 12,530
C$ 2,000 Mex$ 25,060
C$ 5,000 Mex$ 62,650
C$ 10,000 Mex$ 125,300
C$ 20,000 Mex$ 250,600
C$ 50,000 Mex$ 626,500
C$ 100,000 Mex$ 1,253,000
CAD MXN
C$ 0.0798 Mex$ 1
C$ 0.3991 Mex$ 5
C$ 0.7982 Mex$ 10
C$ 1.5963 Mex$ 20
C$ 3.9909 Mex$ 50
C$ 7.9817 Mex$ 100
C$ 19.95 Mex$ 250
C$ 39.91 Mex$ 500
C$ 79.82 Mex$ 1,000
C$ 159.63 Mex$ 2,000
C$ 399.09 Mex$ 5,000
C$ 798.17 Mex$ 10,000
C$ 1,596 Mex$ 20,000
C$ 3,991 Mex$ 50,000
C$ 7,982 Mex$ 100,000

More amounts

*Converted at the current CADMXN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to MXN

 

Recent forecasts suggest that the Canadian Dollar (CAD) is facing challenges due to weaker-than-expected economic data, coupled with shifting Federal Reserve interest rate expectations. The CAD has been trading listlessly amid concerns about domestic trade balance and retail sales data falling short of projections. Despite initial gains in oil prices, the strength of the USD and underwhelming economic indicators have weighed on the CAD. As a result, FX analysts anticipate the CAD to remain range-bound in the coming weeks, fluctuating between US$0.73 and US$0.75. CIBC Capital Markets has adjusted its year-end forecast for the USD/CAD exchange rate upward to 1.31, reflecting expectations of USD strength against the CAD in 2024.

Read our full review of recent CAD to MXN forecasts.

 

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 Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; UpπŸ“ˆ or DownπŸ“‰ trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

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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