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    Best Send Money to Mexico USD/MXN Rates Compared Live

    The best USD to MXN exchange rate is 17.11. We compare conversion costs to this mid-market rate and other FX providers, find better rates & deals.

    US dollar to Mexican peso (USDMXN) rate guide contents:

    Compare USD-MXN send money exchange rates

    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.

    This Dollar to Peso comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest USD-MXN mid-rate and the possible savings of using another provider.

     

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    @bestfxrates : 📉 USD/MXN Outlook: FX analysts cite Fed rate cut concerns, seeing weaker USD against MXN. Economists forecast range-bound MXN (18-19) amid potential Banxico easing. Watch for volatility from Fed meeting & Mexico's elections. Oil prices, US rates to sway the exchange. #Forex #USDMXN #CurrencyMarket

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    USD to MXN Market Data

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

     
    1 USD =
    17.11We compare provider deals to this wholesale mid-market rate. Read more
    MXN
    -0.1%
    USD to MXN at 17.04 is just below its 3-month average, having traded in a very stable 3.8% range from 16.83 to 17.47
    |
    Sell USD   →   Buy MXN
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    DateUSD/MXNChangePeriod
    07 Feb 2024
    17.06
    0.1% 2 Week
    23 Nov 2023
    17.19
    0.8% 3 Month
    21 Feb 2023
    18.44
    7.5% 1 Year
    22 Feb 2019
    19.15
    11% 5 Year
    23 Feb 2014
    13.26
    28.6% 10 Year
    26 Feb 2004
    11.06
    54.2% 20 Year
    USD/MXN historic rates & change to 21-Feb-2024

    Forecasts for USD to MXN

     

    FX analysts have highlighted contrasting outlooks for the USD to MXN exchange rate based on recent forecasts and market updates. Concerns over a potential interest rate cut by the Federal Reserve have caused the US Dollar (USD) to weaken against the Mexican Peso (MXN). The outlook for the USD suggests a possible reversal of its strength in 2024, as the Fed is anticipated to lower interest rates. On the other hand, economists predict that the Central Bank of Mexico may start easing its monetary policy by Q1 2024, leading to a projected range-bound trading for the MXN around 18-19 MXN/USD. Despite some analysts perceiving the MXN as expensive, limited depreciation is expected in 2024.

    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:

    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 Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

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    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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