Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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’.
The HSBC USD to MXN exchange rate is 18.01. This is -4.5% compared to the latest USD-MXN mid-market rate 18.85.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Mexican peso (MXN) rates from different sources before making a conversion.
The above HSBC - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest USD-MXN mid-rate and the possible savings of using various providers.
Looking at the full USD to MXN - Send Money comparison table the provider with the best USD to MXN exchange rate is OFX at 18.76, -0.48% from the latest mid-market rate 18.85.
The next best is XE at 18.74, -0.58% from the mid-rate.
Then Wise at 18.73, which is -0.64% from the mid-rate.
The Western Union rate is 18.67 which is -0.95% from the mid-rate.
Among the banks the Chase Bank rate is 17.45 at -7.4% the Wells Fargo Bank rate is 17.33 at -8.1% and the Citibank rate is 18.2 at -3.4% compared to the mid-rate 18.85.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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 USD to MXN exchange rate has recently experienced heightened volatility amid ongoing trade tensions and economic indicators affecting both currencies.
Recent exchange rate forecasts for the USD to EUR have highlighted a significant downturn for the US dollar, which has fallen to a three-year low.
The USD to JPY exchange rate has come under pressure due to a combination of tariff concerns and shifts in U.S.
View a full list of exchange rates by selecting your Base (from) currency: