The comparison table above helps you see the total cost of your 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’.
USD to MXN Market Data
US dollar (USD) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Bearish-to-range-bound; USD is below the 90-day avg and testing recent lows.
Key drivers:
- Fed likely to ease policy, boosting weaker peso.
- Falling oil prices pressuring the peso, essential for Mexico's economy.
- Slowing GDP growth could weaken peso further by year-end.
Range: USD/MXN to hold steady in a low range with minimal movement.
What could change it:
- Upside risk: Strong US labor report could boost USD.
- Downside risk: Geopolitical tensions or economic downturns in Mexico may weaken peso more.
Tweet: Bearish-to-range-bound bias for USD/MXN as factors weigh on the peso. Fed easing could further weaken it while oil price drops add pressure. Expect limited movement in low range as it tests recent lows. #Forex #USD #MXN
@bestfxrates
USD to MXN Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Mexican peso across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
What is the
best Send Money conversion rate for USD to MXN?
The best USD to MXN exchange rate is 17.57 from OFX . This is -0.34% compared to the mid-market rate 17.63.
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.
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 other foreign exchange providers against the latest USD-MXN mid-rate and the possible savings of using various providers.
How do USD-MXN rates compare between providers?
Looking at the full
USD to MXN - Send Money comparison table the provider with the best USD to MXN exchange rate is OFX at 17.57, -0.34% from the latest mid-market rate 17.63.
The next best is Wise at 17.54, -0.51% from the mid-rate.
Then XE at 17.52, which is -0.62% 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.