#USD/MXN hits 90-day low at 19.44, down 3.4% from 3-month avg. Fed rate stance supports USD while MXN rebounds on hopes tariffs not permanent, says analyst. Experts watching trade talks & Fed policy for next direction
@bestfxrates
Truist Financial at a glance
Truist Financial is a financial services company headquartered in Charlotte, North Carolina, USA. It was formed in December 2019 through the merger of SunTrust Banks, Inc. and BB&T Corporation.
It operates over 2,000 branches across the United States, primarily in the southeastern and mid-Atlantic regions, and also offers online and mobile banking services.
How do Truist Financial exchange rates compare?
When you get a quote for your foreign wire transfer from Truist Financial on their website, in-app or in-branch, you should make note of the Truist Financial exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, the Truist Financial exchange rate markup for foreign wires is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in the USA charge this type of markup, we make it easy to see how much you can save by using a global money transfer specialist.
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
=
19.44We compare provider deals to this wholesale mid-market rate. Read more
MXN▼-0.5%
90d-lows
USD to MXN is at 90-day lows near 19.44, 3.4% below its 3-month average of 20.13, having traded in a relatively stable 7.3% range from 19.44 to 20.85
|Tracker
| Date | USD/MXN | Change | Period |
|---|---|---|---|
25 Apr 2025 | 19.50 | 0.2% ▲ | 2 Week |
08 Feb 2025 | 20.57 | 5.1% ▼ | 3 Month |
09 May 2024 | 16.79 | 16.3% ▲ | 1 Year |
10 May 2020 | 23.64 | 17.4% ▼ | 5 Year |
12 May 2015 | 15.30 | 27.6% ▲ | 10 Year |
14 May 2005 | 11.03 | 77.1% ▲ | 20 Year |
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 |
|---|---|
| $ 51.43 | Mex$ 1,000 |
| $ 257.16 | Mex$ 5,000 |
| $ 1,029 | Mex$ 20,000 |
| $ 5,143 | 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 and currency market updates indicate a complex outlook for the USD to MXN exchange rate. Analysts note that the US dollar (USD) has been buoyed recently following the Federal Reserve's decision to maintain interest rates, which suggests that the dollar may strengthen further if Fed officials signal that rates will remain elevated for an extended period. However, fears surrounding potential recession risks could put downward pressure on the USD if market sentiment shifts.
Read our full review of recent USD to MXN forecasts.
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:
- 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.
- 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.
- 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.
- 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.
- 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 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.
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
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 States (USD) | Mexico (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.
What is the cost of living in Mexico?
There is no definitive answer to this question as the cost of living in Mexico can vary greatly depending on the specific location and lifestyle of the individual. However, according to Numbeo.com, the average cost of living in Mexico City is approximately $1,200 per month, which is significantly lower than many other major cities around the world.
How is the expat life in Mexico?
The expat life in Mexico can be both enjoyable and challenging. Many expats find the relaxed lifestyle and friendly locals to be a refreshing change from their home countries. At the same time, living in a foreign country can be difficult, and there are a few things expats should be aware of before making the move.
Any laws in Mexico that foreigners should be aware of?
There are a few laws in Mexico that foreigners should be aware of. First, it is illegal to drink alcohol in public places. Secondly, it is also illegal to drive under the influence of alcohol. Lastly, it is important to note that there is a nationwide smoking ban in place, which prohibits smoking in all public places, including bars and restaurants.
What is doing business like in Mexico?
The business environment in Mexico is generally favorable for foreign investors. The country has a large pool of skilled labor, and production costs are relatively low. Additionally, the Mexican government offers a number of incentives to encourage investment in certain sectors. However, crime and corruption are significant problems in Mexico, and the business environment can be challenging for companies operating in the country.
How is the economy in Mexico?
The economy of Mexico is a developing market economy. It is the 15th largest economy in the world in nominal terms and the 11th largest by purchasing power parity, according to the International Monetary Fund. Mexico is a member of the Organization for Economic Co-operation and Development and the G20.
Read more at our Mexico (MXN) country guide
Related exchange rates
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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