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Understanding the Table:
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’.
The average GBP rate margin offered by OFX is 3.0%.
This average is based on individual GBP 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.
The tables below show the best and worst exchange rate margins offered by OFX for British pound (GBP 10K) transactions. Margins show the percentage difference from the mid-market rate.
British pound (GBP) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/MXN Outlook: Slightly weaker, but likely to move sideways as the rate is currently below its recent average and mid-range.
GBP/USD Outlook: The outlook is likely to increase, supported by the pound trading well above its recent average and near its recent highs.
USD/MXN Outlook: Bearish, as the rate is below its recent average and near recent lows, facing pressure from various factors.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Mexican peso across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
| GBP | MXN |
|---|---|
| £ 42.07 | Mex$ 1,000 |
| £ 210.35 | Mex$ 5,000 |
| £ 841.38 | Mex$ 20,000 |
| £ 4,207 | Mex$ 100,000 |
More amounts
*Converted at the current GBP-MXN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX GBP to MXN exchange rate is 23.65. This is -0.5% compared to the latest GBP-MXN mid-market rate 23.77.
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.
The above OFX - Sterling 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 GBP-MXN mid-rate and the possible savings of using various providers.
Looking at the full GBP to MXN - Send Money comparison table the provider with the best GBP to MXN exchange rate is OFX at 23.65, -0.5% from the latest mid-market rate 23.77.
The next best is XE at 23.63, -0.59% from the mid-rate.
Then Wise at 23.61, which is -0.67% from the mid-rate.
The Western Union rate is 23.53 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 22.58 at -5% the Royal Bank of Scotland rate is 22.72 at -4.4% and the Barclays Bank rate is 22.65 at -4.7% compared to the mid-rate 23.77.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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