The Scotiabank CAD to MXN rate is 13.86. This is -2.9% below the mid-rate. Compare Scotiabank currency conversion rates - Reduce FX costs.
The Scotiabank CAD to MXN exchange rate is 13.86. This is -2.9% compared to the latest CAD-MXN mid-market rate 14.28.
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.
Looking at our comparison table the best CAD to MXN exchange rate is 14.21 from OFX, -0.49% from the mid-market rate 14.28. The next best rate is 14.19 from XE, -0.63% from the mid-rate. Wise with 14.18 is -0.7% from the mid-rate.
The Western Union rate is 14.14 which is -0.98% from the mid-rate.
Among the banks, the TD Bank rate is 13.64 at -4.5%, the Scotiabank rate is 13.86 at -2.9%, and the Royal Bank of Canada rate is 13.87 at -2.9% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Scotiabank 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.
The table below shows Scotiabank Canadian dollar (CAD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | Scotiabank Send Money Rate | Cost% |
|---|---|---|---|
| CAD - AUD | 1.0983 | 1.0637 | -3.2% |
| CAD - BBD | 1.4106 | 1.3452 | -4.6% |
| CAD - BMD | 0.7053 | 0.6720 | -4.7% |
| CAD - BSD | 0.7053 | 0.6720 | -4.7% |
| CAD - CHF | 0.6194 | 0.6026 | -2.7% |
| CAD - DKK | 4.9820 | 4.8426 | -2.8% |
| CAD - EUR | 0.6681 | 0.6476 | -3.1% |
| CAD - GBP | 0.5533 | 0.5361 | -3.1% |
| CAD - GYD | 147.72 | 141.24 | -4.4% |
| CAD - HKD | 5.4831 | 5.3163 | -3% |
| CAD - INR | 59.83 | 58.12 | -2.9% |
| CAD - JMD | 110.91 | 104.82 | -5.5% |
| CAD - JPY | 106.59 | 103.12 | -3.3% |
| CAD - KYD | 0.5887 | 0.5515 | -6.3% |
| CAD - MXN | 14.28 | 13.86 | -2.9% |
| CAD - NOK | 7.8466 | 7.6220 | -2.9% |
| CAD - NZD | 1.2068 | 1.1685 | -3.2% |
| CAD - SAR | 2.6495 | 2.5615 | -3.3% |
| CAD - SEK | 7.6973 | 7.4850 | -2.8% |
| CAD - SGD | 0.9446 | 0.9206 | -2.5% |
| CAD - TTD | 4.7920 | 4.5537 | -5% |
| CAD - USD | 0.7053 | 0.6890 | -2.3% |
| CAD - ZAR | 12.56 | 12.20 | -2.9% |
The Scotiabank Loonie to Peso comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest CAD-MXN mid-rate (see Market Data below ) and the possible savings of using various providers.
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.
Canadian dollar (CAD) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/MXN | Change | Period |
|---|---|---|---|
25 Nov 2024 | 14.61 | 2.3% ▼ | 2 Week |
10 Sep 2024 | 14.76 | 3.3% ▼ | 3 Month |
10 Dec 2023 | 12.78 | 11.7% ▲ | 1 Year |
11 Dec 2019 | 14.51 | 1.7% ▼ | 5 Year |
12 Dec 2014 | 12.74 | 12% ▲ | 10 Year |
14 Dec 2004 | 9.1372 | 56.2% ▲ | 20 Year |
Here are some popular conversion amounts for CAD to MXN (Canadian dollar to Mexican peso)*.
| CAD | MXN |
|---|---|
| C$ 1,000 | Mex$ 14,280 |
| C$ 5,000 | Mex$ 71,400 |
| C$ 20,000 | Mex$ 285,600 |
| C$ 100,000 | Mex$ 1,428,000 |
| CAD | MXN |
|---|---|
| C$ 70.03 | Mex$ 1,000 |
| C$ 350.14 | Mex$ 5,000 |
| C$ 1,401 | Mex$ 20,000 |
| C$ 7,003 | 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.
Recent forecasts and currency market updates indicate a complex trajectory for the Canadian dollar (CAD) against the Mexican peso (MXN), heavily influenced by fluctuations in oil prices and geopolitical developments. As the CAD shows signs of weakness, trending at 14.29 MXN—just 0.8% below its three-month average of 14.4—analysts attribute this decline to declining oil prices, currently at $72.14 USD, which is 2.4% below its average over the last three months. With Canada being a major oil exporter, movements in oil prices can considerably impact the value of the CAD. Market participants are closely monitoring global trade dynamics, particularly in light of the recent US election results, as the implications of a Trump administration could lead to increased tariffs that are concerning for both the Canadian and Mexican economies.
Read our full review of recent CAD to MXN forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to Mexican peso:
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.
Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.
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.
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.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| Canada (CAD) | Mexico (MXN) |
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
^ Scroll back up to ^
^
