The comparison table above helps you see the total cost of your OFX currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
OFX - EUR Rate Margin Analysis
The average EUR rate margin offered by OFX is 3.2%.
This average is based on individual EUR 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
OFX - Best and Worst Value Rates
The tables below show the best and worst exchange rate margins offered by OFX for Euro (EUR 10K)
transactions. Margins show the percentage difference from the mid-market rate.
Bias: Bearish-to-range-bound.
Key drivers:
• European Central Bank's neutral stance vs. Mexico's steady rates supports the peso.
• Rising oil prices help the peso but pressure the euro amid slowdowns.
• Mexico's tariffs on Chinese imports may increase costs affecting trade.
Range: EUR/MXN likely to remain stable testing the lower end of its range.
What could change it:
• Upside risk: Strong Eurozone economic data may boost the euro.
• Downside risk: Ongoing weak European indicators could drag the euro lower.
EUR/MXN is bearish, currently below the 90-day average. As oil prices rise and tariff impacts loom, expect slight movements within the recent range. Markets await Eurozone data for potential shifts
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EUR to MXN Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Mexican peso across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
What is the
OFX Send Money conversion rate for EUR to MXN?
The OFX EUR to MXN exchange rate is 20.4. This is -0.29% compared to the latest EUR-MXN mid-market rate 20.46.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Mexican peso (MXN) rates from different sources before making a conversion.
The above
OFX - Euro to Peso comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
OFX and other foreign exchange providers against the latest EUR-MXN mid-rate and the possible savings of using various providers.
How do OFX EUR-MXN rates compare between providers?
Looking at the full
EUR to MXN - Send Money comparison table the provider with the best EUR to MXN exchange rate is OFX at 20.4, -0.29% from the latest mid-market rate 20.46.
The next best is XE at 20.33, -0.64% from the mid-rate.
Then Wise at 20.29, which is -0.83% from the mid-rate.
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
like OFX or platforms that offer rates closer to the mid-market rate.