The best USD to MXN rate is 17.19, 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:
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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US dollar (USD) to Mexican peso (MXN) market data - latest interbank mid-rate, trend, chart & historic rates.
| Date | USD/MXN | Change | Period |
|---|---|---|---|
17 Nov 2023 | 17.23 | 0.2% ▼ | 2 Week |
02 Sep 2023 | 17.09 | 0.6% ▲ | 3 Month |
01 Dec 2022 | 19.14 | 10.2% ▼ | 1 Year |
02 Dec 2018 | 20.17 | 14.8% ▼ | 5 Year |
03 Dec 2013 | 13.11 | 31.1% ▲ | 10 Year |
06 Dec 2003 | 11.21 | 53.3% ▲ | 20 Year |
The USD to MXN exchange rate has seen the Mexican Peso experience volatility in the face of a robust US dollar, driven by strong economic indicators and high Treasury yields in the United States. FX analysts, referencing a Reuters Poll of Forex Strategists, highlight that the dollar's fortitude, tied to an assertive U.S. economy and the Fed's hawkish stance, is projected to maintain its superiority over most major currencies as the year ends. Despite anticipated sporadic weaknesses, the persistent strength, coupled with global growth worries and concerns about China, suggests that the USD might retain its resilience for a considerable period. However, the overarching sentiment among economists points towards a potential modest depreciation of the dollar into 2024, as expectations lean towards the Federal Reserve moving towards its first rate cut.
Read our full USD to MXN forecasts analysis
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 BER Smart Rate Tracker to track and benefit from currency movements.
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.
| 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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