The live mid-rate USD to MXN exchange rate is 20.56. Compare currency conversion rates - Reduce FX costs.
The best USD to MXN exchange rate is our partner deal rate of 20.46 from OFX . This is -0.49% compared to the mid-market rate 20.56.
The standard OFX USD-MXN rate is 20.1224, -2.1% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Mexican peso (MXN) rates from different sources before making a conversion.
Looking at our comparison table the best USD to MXN exchange rate is 20.46 from OFX, -0.49% from the mid-market rate 20.56. The next best rate is 20.44 from XE, -0.58% from the mid-rate. Wise with 20.43 is -0.63% from the mid-rate.
The Western Union rate is 20.35 which is -1% from the mid-rate.
Among the banks, the Citibank rate is 19.81 at -3.6%, the Chase Bank rate is 18.99 at -7.6%, and the Wells Fargo Bank rate is 18.87 at -8.2% from the mid-rate.
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 or platforms that offer rates closer to the mid-market rate.
The Dollar to Peso comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-MXN mid-rate (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/MXN | Change | Period |
|---|---|---|---|
28 Jan 2025 | 20.55 | 0.4% ▲ | 2 Week |
13 Nov 2024 | 20.53 | 0.5% ▲ | 3 Month |
12 Feb 2024 | 17.07 | 20.9% ▲ | 1 Year |
13 Feb 2020 | 18.61 | 10.9% ▲ | 5 Year |
14 Feb 2015 | 14.89 | 38.5% ▲ | 10 Year |
16 Feb 2005 | 11.16 | 84.9% ▲ | 20 Year |
Here are some popular conversion amounts for USD to MXN (US dollar to Mexican peso)*.
| USD | MXN |
|---|---|
| $ 48.65 | Mex$ 1,000 |
| $ 243.23 | Mex$ 5,000 |
| $ 972.92 | Mex$ 20,000 |
| $ 4,865 | 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 been influenced by a mix of tariff uncertainties and economic policy expectations under the looming shadow of the US presidential election. Currently, the US dollar (USD) stands at 20.63 MXN, just 0.9% above its three-month average, maintaining stability within a range of 5.6% from 20.07 to 21.20. Despite some fluctuations, the market sentiment indicates a bullish outlook for the dollar, particularly if Federal Reserve Chair Jerome Powell hints at sustained higher interest rates to combat persistent inflation. Analysts from key financial institutions like JPMorgan, Goldman Sachs, and Citi are anticipating further strengthening of the USD amid Trump's aggressive tariff proposals, which could curtail the Mexican peso (MXN), already at its lowest levels against the dollar in years.
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.
Read our Currency guide to Mexico — a practical currency and money guide to travel in Mexico plus living and doing business with the Mexican peso.
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.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| 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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