The live mid-rate GBP to MXN exchange rate is 25.47. Compare currency conversion rates - Reduce FX costs.
The best GBP to MXN exchange rate is our partner deal rate of 25.34 from OFX . This is -0.51% compared to the mid-market rate 25.47.
The standard OFX GBP-MXN rate is 24.9998, -1.8% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Mexican peso (MXN) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to MXN exchange rate is 25.34 from OFX, -0.51% from the mid-market rate 25.47. The next best rate is 25.32 from XE, -0.59% from the mid-rate. Wise with 25.29 is -0.71% from the mid-rate.
The Western Union rate is 25.22 which is -0.98% from the mid-rate.
Among the banks, the Lloyds Bank rate is 24.03 at -5.7%, the Royal Bank of Scotland rate is 24.18 at -5.1%, and the Barclays Bank rate is 24.58 at -3.5% 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 or platforms that offer rates closer to the mid-market rate.
The Sterling to Peso comparison table above 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 GBP-MXN mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/MXN | Change | Period |
|---|---|---|---|
07 Jan 2025 | 25.37 | 0.3% ▲ | 2 Week |
23 Oct 2024 | 25.62 | 0.7% ▼ | 3 Month |
22 Jan 2024 | 21.84 | 16.5% ▲ | 1 Year |
23 Jan 2020 | 24.61 | 3.4% ▲ | 5 Year |
24 Jan 2015 | 21.97 | 15.8% ▲ | 10 Year |
26 Jan 2005 | 21.20 | 20% ▲ | 20 Year |
Here are some popular conversion amounts for GBP to MXN (British pound to Mexican peso)*.
| GBP | MXN |
|---|---|
| £ 39.27 | Mex$ 1,000 |
| £ 196.33 | Mex$ 5,000 |
| £ 785.32 | Mex$ 20,000 |
| £ 3,927 | Mex$ 100,000 |
More amounts
*Converted at the current GBPMXN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent performance of the GBP to MXN exchange rate has reflected a mix of UK economic challenges and external pressures from US political dynamics. The British pound (GBP) faced downward pressure following disappointing GDP figures that showed growth of just 0.1% in November, falling short of the anticipated 0.2%. This underperformance has raised concerns among FX analysts regarding the UK's economic recovery trajectory post-Brexit, particularly as the GBP/USD pair tends to exhibit volatility influenced by economic indicators and political events. Traders are now looking towards upcoming retail sales data, hoping for stronger results that could bolster the pound and potentially reverse recent declines.
Read our full review of recent GBP to MXN forecasts.
There are several ways to save on exchange rates when converting British pound to Mexican peso:
Generally speaking, if you are buying Mexican peso with British pound, then it's better for the GBP/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 GBP/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
| United Kingdom (GBP) | 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
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