The comparison table above helps you see the total cost of your XE 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’.
USD to MXN Market Data
US dollar (USD) to Mexican peso (MXN) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Bearish-to-range-bound: USD/MXN sits below the 90-day average and in the lower half of the 3-month range, leaving little room for a sustained break higher.
USD/MXN sits in the lower half of the 3M range, below the 90-day avg. The Fed-Banxico gap is narrowing, with oil moves and tariff news shaping MXN. Upside risk if payrolls beat; downside if Banxico eases or tariffs relief reduces peso pressure.
Bias
Bearish-to-range-bound: USD/MXN sits below the 90-day average and in the lower half of the 3-month range, leaving little room for a sustained break higher.
Key drivers
- Rate gap: The Fed is expected to cut rates toward a neutral stance in 2026, while Banxico keeps the policy rate at 7.25%, narrowing the dollar's yield advantage.
- Risk/commodities: Oil price moves matter for MXN; firmer oil supports Mexico's economy and currency, while oil weakness tends to weigh on the peso.
- One macro factor: Trade policy changes impose tariffs on imports from China and other non-FTA countries, shifting costs and external demand for Mexico.
Range
USD/MXN likely to drift in the lower half of the recent range, with a slow move toward the middle if U.S. data points to easing or strength.
What could change it
- Upside risk: Stronger US payrolls data or a firmer Fed stance that keeps dollar demand firm.
- Downside risk: Banxico signals easing or tariff relief reduces peso pressure
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USD to MXN Conversion: What Is Your Money Worth?
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 * :
What is the
XE Send Money conversion rate for USD to MXN?
The XE USD to MXN exchange rate is 17.8. This is -0.56% compared to the latest USD-MXN mid-market rate 17.90.
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
XE - Dollar to Peso comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
XE and other foreign exchange providers against the latest USD-MXN mid-rate and the possible savings of using various providers.
How do XE USD-MXN rates compare between 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 17.81, -0.5% from the latest mid-market rate 17.90.
The next best is XE at 17.8, -0.56% 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
like XE or platforms that offer rates closer to the mid-market rate.