Understanding the Table:
The comparison table above helps you see the total cost of your Scotiabank 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’.
Mexican peso (MXN) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
MXN/USD Outlook: Bullish, as the rate is trading significantly above its recent average and near recent highs, supported by the Bank of Mexico's pause on rate cuts.
EUR/USD Outlook: Likely to increase, supported by the euro's position well above its recent average and near recent highs.
USD/GBP Outlook: Likely to decrease, as the rate is below its recent average and near recent lows, primarily driven by growing concerns over US economic stability.
To help you understand the real-world value of the current exchange rate, the table below shows how much Mexican peso are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different MXN amounts at today’s rate * :
| MXN | USD |
|---|---|
| Mex$ 1,000 | $ 58.24 |
| Mex$ 5,000 | $ 291.22 |
| Mex$ 20,000 | $ 1,165 |
| Mex$ 100,000 | $ 5,824 |
More amounts
*Converted at the current MXN-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best MXN to USD exchange rate is 0.058 from OFX . This is -0.42% compared to the mid-market rate 0.058244.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Mexican peso (MXN) to US dollar (USD) rates from different sources before making a conversion.
The above Scotiabank - Peso to Dollar comparison table 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 MXN-USD mid-rate and the possible savings of using various providers.
Looking at the full MXN to USD - Send Money comparison table the provider with the best MXN to USD exchange rate is OFX at 0.058, -0.42% from the latest mid-market rate 0.058244.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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