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    Best USD to MXN Exchange Rates

    The best USD to MXN rate is 17.13, and is the current mid-market exchange rate. We help you compare US dollar to Mexican peso rates and costs to this live market rate.

    In this Dollar to Peso (USD/MXN) rate guide:

    Compare exchange rates - USD to MXN

    Exchange 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 below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on Dollar to Peso currency rates and the possible savings of using various providers.


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    @bestfxrates : USD/MXN Update: FX analysts note the USD's resilience amid strong US economy & high Treasury yields—currently at 17.17, below the 3-mo avg. Oil ties & remittances are key for MXN. As Fed rate cuts loom & global unease persists, the pair remains volatile within a 9.5% range. #Forex #USDMXN

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    USD to MXN Market Data

    US dollar (USD) to Mexican peso (MXN) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 USD =
    17.13We compare provider deals to this wholesale mid-market rate. Read more
    USD to MXN at 17.14 is 1.9% below its 3-month average of 17.48, having traded in a fairly volatile 9.5% range from 16.74 to 18.33
    Sell USD   →   Buy MXN
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    60-DAY LOW1d
    14 Nov 2023
    1.2% 2 Week
    30 Aug 2023
    2.3% 3 Month
    28 Nov 2022
    11.2% 1 Year
    29 Nov 2018
    15.3% 5 Year
    30 Nov 2013
    30.8% 10 Year
    03 Dec 2003
    52.1% 20 Year
    USD/MXN historic rates & change to 28-Nov-2023

    Forecasts for USD to MXN

    USDMXN chart
    60-DAY LOW1d

    According to a recent Reuters poll of forex strategists, the US dollar is expected to maintain its strength against most major currencies by the end of the current year due to the robust US economy and high Treasury yields. While there might be temporary weaknesses, the dollar's resilience is underscored by global growth concerns and unease about China's economic performance, which also impacts risk appetite. The market's expectation is that this strength will continue in the near term, despite some projected softening next year, particularly as the Federal Reserve possibly approaches its first interest rate cut. Economists also anticipate that the dollar's exceptional run over the past year is likely to reverse in 2023 as the Fed concludes its cycle of interest rate hikes.

    Read our full USD to MXN forecasts analysis

    USD to MXN flags

    How to get a good USD to MXN exchange rate

    There are several ways to save on exchange rates when converting US dollar to Mexican peso:

    1. Shop around for the best USD/MXN exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/MXN rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and MXN at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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.

    Will the US dollar rise against the Mexican peso?

    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 BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Mexico - a practical currency and money guide to travel, living and doing business in Mexico with the Mexican peso.


    Country Currency Guides

    United StatesUnited States (USD)MexicoMexico (MXN)

    Is Mexico a good place for Americans to retire to?

    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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