The best USD to MXN exchange rate is 19.46. Compare foreign transfer and currency exchange rates, find better rates & deals.
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USD-MXN 
exchange ratesExchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Mexican peso (MXN) rates from different sources before making a conversion.
The above dollar to peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and foreign exchange providers against the latest USD-MXN mid-rate (see Market Data below ) and the possible savings of using a different provider.
US dollar (USD) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/MXN | Change | Period |
|---|---|---|---|
25 Sep 2024 | 19.65 | 0.8% ▼ | 2 Week |
11 Jul 2024 | 17.76 | 9.7% ▲ | 3 Month |
10 Oct 2023 | 17.94 | 8.6% ▲ | 1 Year |
11 Oct 2019 | 19.32 | 0.9% ▲ | 5 Year |
12 Oct 2014 | 13.47 | 44.7% ▲ | 10 Year |
14 Oct 2004 | 11.32 | 72.2% ▲ | 20 Year |
Here are some popular conversion amounts for USD to MXN (US dollar to Mexican peso)*.
| USD | MXN |
|---|---|
| $ 51.40 | Mex$ 1,000 |
| $ 257.00 | Mex$ 5,000 |
| $ 1,028 | Mex$ 20,000 |
| $ 5,140 | Mex$ 100,000 |
More amounts
*Converted at the current USDMXN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The USD to MXN exchange rate has experienced notable volatility recently, reflecting broader concerns about the US economy and its impact on Mexico. As the USD strengthened partly due to risk-off flows and insights from the Federal Open Market Committee (FOMC) minutes, which indicated a reluctance among Federal Reserve policymakers to continue aggressive rate cuts, analysts have signaled mixed sentiments moving forward. Current forecasts suggest that a cooling US inflation rate could revive expectations for a significant interest rate cut next month, potentially dampening the strength of the US dollar if realized. Recent data indicate the USD is trading at 7-day highs near 19.49, significantly influenced by shifts in market psychology following Fed guidance and the labor market's performance.
Read our full review of recent USD to MXN forecasts.
There are several ways to save on exchange rates when converting US dollar to Mexican peso:
Generally speaking, if you are buying Mexican peso with US dollar, then it's better for the USD/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.
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 USD/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.
Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.
| United States (USD) | 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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