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    OFX USD to MXN Exchange Rates

    The best USD to MXN exchange rate is 17.52. We compare OFX conversion costs to this mid-market rate and other FX providers, find better deals.

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

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

     

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    OFX at a glance

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    *Minimum transfer amount apply. Please note that the receiving bank or intermediary bank may charge fees on transactions.

     
     
    @bestfxrates : FX analysts see enduring USD strength with robust US economy & high yields. USDMXN hit 14-day high near 17.47 amid volatility. Economists peg MXN range at 18-19 by Q2 2024 with presidential elections. Deutsche Bank to BofA suggest possible MXN devaluation. Watch for market shifts. #USDMXN #Forex

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

     
     

    USD to MXN Market Data

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

     
    1 USD =
    17.52We compare provider deals to this wholesale mid-market rate. Read more
    MXN
    USD to MXN is at 14-day highs near 17.49, near its 3-month average, having traded in a fairly volatile 9.5% range from 16.74 to 18.33
    |
    Sell USD   →   Buy MXN
    My Rates

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    14-DAY HIGH
    1-DAY +1.8%
    DateUSD/MXNChangePeriod
    20 Nov 2023
    17.11
    2.1% 2 Week
    05 Sep 2023
    17.40
    0.4% 3 Month
    04 Dec 2022
    19.39
    9.9% 1 Year
    05 Dec 2018
    20.52
    14.9% 5 Year
    06 Dec 2013
    12.95
    34.9% 10 Year
    09 Dec 2003
    11.18
    56.3% 20 Year
    USD/MXN historic rates & change to 04-Dec-2023

    Forecasts for USD to MXN

    USDMXN chart
    14-DAY HIGH
    1-DAY +1.8%

    According to a Reuters Poll of Forex Strategists, the U.S. dollar is exhibiting enduring strength, underpinned by a robust domestic economy and the allure of high Treasury yields. Despite occasional weak spells, the greenback has demonstrated resilience, largely bolstered by concerns over global growth prospects and turmoil surrounding China's economic stability. This robustness is forecasted to continue into the near term. However, FX analysts foresee a modest softening of the dollar against major currencies in the upcoming year as the Federal Reserve potentially approaches its first rate cut. The market view is that while the USD's strengths may extend into 2024, a gradual decline is projected, given a shift in the Fed's monetary policy, as well as considerations of the global economic slowdown, corporate profitability uncertainties, and geopolitical tensions.

    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.

     
    Track Rate
     

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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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