Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER
     

    Best USD to MXN Exchange Rates Compared Live

    The live mid-rate USD to MXN exchange rate is 20.24. Compare currency conversion rates - Reduce FX costs.

    USD-MXN Best Exchange Rates
     

     
    The USD to MXN exchange rate is facing a turbulent phase as the peso trades at 20.25, 1.7% above its three-month average. FX analysts point to U.S. trade policy uncertainty and potential tariffs under a Trump presidency as key pressure points for the peso’s stability. 10-Dec

     
     

    What is the best Send Money conversion rate for USD to MXN?

    The best USD to MXN exchange rate is our partner deal rate of 20.14 from OFX . This is -0.49% compared to the mid-market rate 20.24.

    The standard OFX USD-MXN rate is 19.8179, -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.

    How do USD-MXN rates compare between providers?

    Looking at our comparison table the best USD to MXN exchange rate is 20.14 from OFX, -0.49% from the mid-market rate 20.24. The next best rate is 20.12 from XE, -0.59% from the mid-rate. Wise with 20.11 is -0.64% from the mid-rate.

    The Western Union rate is 20.04 which is -0.99% from the mid-rate.

    Among the banks, the Citibank rate is 19.51 at -3.6%, the Chase Bank rate is 18.7 at -7.6%, and the Wells Fargo Bank rate is 18.58 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.

     

    Compare Rates

     

    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. 

     
     
     

    USD to MXN Market Data

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

     
    Sell USD   →   Buy MXN
    1 USD =
    20.24We compare provider deals to this wholesale mid-market rate. Read more
    MXN
    +0.3% since yesterday
    14d-lows
    USD to MXN at 20.25 is 1.7% above its 3-month average of 19.91, having traded in a fairly volatile 8.2% range from 19.10 to 20.66
    |
    Tracker

    Manage Tracker   


    DateUSD/MXNChangePeriod
    25 Nov 2024
    20.59
    1.9% 2 Week
    10 Sep 2024
    20.09
    0.5% 3 Month
    10 Dec 2023
    17.35
    16.4% 1 Year
    11 Dec 2019
    19.12
    5.6% 5 Year
    12 Dec 2014
    14.73
    37.1% 10 Year
    14 Dec 2004
    11.27
    79.2% 20 Year
    USD/MXN historic rates & change to 09-Dec-2024
     

    What are equivalent amounts of USD and MXN?

    Here are some popular conversion amounts for USD to MXN (US dollar to Mexican peso)*.

    USD MXN
    $ 1 Mex$ 20.24
    $ 5 Mex$ 101.20
    $ 10 Mex$ 202.40
    $ 20 Mex$ 404.80
    $ 50 Mex$ 1,012
    $ 100 Mex$ 2,024
    $ 250 Mex$ 5,060
    $ 500 Mex$ 10,120
    $ 1,000 Mex$ 20,240
    $ 2,000 Mex$ 40,480
    $ 5,000 Mex$ 101,200
    $ 10,000 Mex$ 202,400
    $ 20,000 Mex$ 404,800
    $ 50,000 Mex$ 1,012,000
    $ 100,000 Mex$ 2,024,000
    USD MXN
    $ 0.0494 Mex$ 1
    $ 0.2470 Mex$ 5
    $ 0.4941 Mex$ 10
    $ 0.9882 Mex$ 20
    $ 2.4705 Mex$ 50
    $ 4.9409 Mex$ 100
    $ 12.35 Mex$ 250
    $ 24.70 Mex$ 500
    $ 49.41 Mex$ 1,000
    $ 98.82 Mex$ 2,000
    $ 247.05 Mex$ 5,000
    $ 494.09 Mex$ 10,000
    $ 988.18 Mex$ 20,000
    $ 2,470 Mex$ 50,000
    $ 4,941 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.

     
     

    Forecasts for USD to MXN

     

    Recent forecasts for the USD to MXN exchange rate indicate a challenging outlook for the Mexican peso, which is currently trading at 20.25, a significant 1.7% above its three-month average of 19.91 and reflecting heightened volatility with a range between 19.10 and 20.66. FX analysts attribute the peso's weakness to various factors, including uncertainty surrounding U.S. trade policies under a potential Trump presidency and the broader implications of recent disappointing economic data from the U.S., such as sluggish employment figures and a slowdown in service sector activity. As economists analyze the market, concerns are growing that Trump's pro-business policies could lead to significant tariffs on imports from Mexico, pressuring the peso further and potentially causing investors to exit emerging market currencies in favor of safer assets.

    Read our full review of recent USD to MXN forecasts.

     
    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.

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

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    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 Rate Tracker to track and benefit from currency movements.

     
    Track Rate
     

    Manage Tracker   

     

    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

     
     

    Currency Country 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

    ^ Scroll back up to ^

    ^