Understanding the Table:
The comparison table above helps you see the total cost of your Scotiabank 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’.
US dollar (USD) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/MXN Outlook: The USD/MXN rate is likely to decrease as it currently sits below its 90-day average and near recent lows, pressured by multiple...
USD/EUR Outlook: Bearish, as the rate is below its recent average and near recent lows, driven by ongoing USD weakness and uncertainty.
USD/JPY Outlook: The outlook is slightly weaker but likely to move sideways, as the rate is below its recent average and within the mid-range of its three-month movement.
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 * :
| USD | MXN |
|---|---|
| $ 58.24 | Mex$ 1,000 |
| $ 291.22 | Mex$ 5,000 |
| $ 1,165 | Mex$ 20,000 |
| $ 5,824 | Mex$ 100,000 |
More amounts
*Converted at the current USD-MXN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best USD to MXN exchange rate is 17.08 from OFX . This is -0.52% compared to the mid-market rate 17.17.
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 Scotiabank - Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest USD-MXN mid-rate and the possible savings of using various 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 17.08, -0.52% from the latest mid-market rate 17.17.
The next best is XE at 17.07, -0.58% from the mid-rate.
Then Western Union at 17, which is -0.99% from the mid-rate.
Among the banks the Chase Bank rate is 16.02 at -6.7% the Wells Fargo Bank rate is 15.92 at -7.3% and the Citibank rate is 16.71 at -2.7% compared to the mid-rate 17.17.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Scotiabank 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.
View a full list of exchange rates by selecting your Base (from) currency:
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