Sending cash or sending a money transfer from a bank branch usually costs more in extra fees. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals. Wise always gives you the mid-market exchange rate, just like the one you’ll see on Google. So when you make an international money transfer, you’ll know exactly what you’re getting. No nasty surprises — just the best Mexican peso rate, with a fair, transparent fee upfront. We do not accept any liability for our exchange rates.

  • We calculate the full price you’ll pay when sending USD to MXN with each provider — including the hidden markup in the exchange rate.
  • We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk.
  • This spike was primarily due to economic uncertainty caused by the onset of the COVID-19 pandemic and the global drop in oil prices.
  • To view rates between the US Dollar and the Mexican Peso for a particular year, click on one of the links below.

Even when services claim to have zero fees, you’re still being charged. The USD and MXN can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. Additionally, it’s advisable to convert US Dollars to Mexican Pesos early in the week if you need MXN urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. Wise is a Money Service Business registered with FinCen.

USD – MXN : Next 10 Years Forecast

You should always look for the best possible exchange rate, regardless of the conversion method you’re using. Send money abroad using Wise and we’ll use the same rate you see on our currency converter. Monitoring the exchange rate daily helps you make informed decisions regarding investments, trade, and international travel. The exchange rate has fluctuated by -2.16% in the last 30 days. The exchange rate between the US Dollar (USD) and the Mexican Peso (MXN) is the rate at which these two currencies are exchanged, indicating how many Mexican Pesos you get for one dollar. The exchange rate is influenced by various factors, such as inflation, interest rates, and each country’s monetary policies.

Comparison of United States Dollar (USD) and Mexican Peso (MXN)

With the Wise Multi-Currency Card, you can send and spend money at the real exchange rate, and convert it instantly. Withdraw money from ATMs abroad — with no fees on your first £200 every 30 days — or pay in shops and restaurants around the world. Banks and transfer services have a dirty little secret. They create their own exchange rates to make their customers pay a hidden markup.

Convert MXN to USD at the real exchange rate

When sending money abroad, banks or other providers will likely charge you a conversion fee. Hidden markups in the exchange rate can end up costing even more than the conversion fee itself. This means that when sending international transfers, many banks and providers charge you twice. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.

Top currency pairings for US dollar

You’ll now see the value of the converted currency according to the most recent exchange rate. The lower the cost of converting your money to MXN, the more money for you. That’s why it’s important to see the full cost of an international transfer before you send it. The United States Dollar (USD) to Mexican Peso (MXN) rate is determined by global trading activity, macroeconomic factors, and financial markets.

In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The exchange rate for Mexican peso to US dollars is currently 0.050 today, reflecting a -0.511% change since yesterday. Over the past week, the value of Mexican peso has remained relatively stable, with a -0.289% decrease compared to its value 7 days ago. The US economy is the largest in the world, characterized by a diverse and highly developed industrial base, including technology, finance, manufacturing, and services. The value of the US Dollar is influenced by factors such as interest rates, inflation, trade balances, and global economic conditions.

Historical currency rates

They add hidden markups to their hammer candlestick exchange rates – charging you more without your knowledge. And if they have a fee, they charge you twice. We want to bring you the best Mexican peso rate possible, so we’ve compared the prices for sending money from one bank account to another.

Tracking these helps predict future movements. Use these short-term projections to guide immediate financial decisions, such as currency exchanges or transactions. Exchange rates are updated every 5 minutes and reflect real-time market trends. The exchange rate between USD and MXN is essential for investors, traders, and travelers.

Compare today’s best exchange rate for Mexican peso. We compare live prices for money transfer providers in United States — so you can get the best value for your money. Wise’s currency converter will show you how much your money is worth in other currencies at the real exchange rate. You can convert over 140 currencies quickly and easily. When travelling abroad for business or pleasure, you might need Mexican peso to spend in restaurants, shops and bars. It can be tempting to buy Mexican peso in cash from high street banks, a local bureau de change, or by home delivery, but these methods can cost you more.

Knowing these factors provides better insight into exchange rate fluctuations. If the dollar is strong, you might receive more pesos for your dollars due to a better exchange rate. Any Bank of America customer can exchange foreign currency at any financial center. With Wise, you’ll get a guaranteed rate for 24 hours. As long as we get your money within a day, you’ll never lose out on a great price.

The US government and Federal Reserve use various monetary and fiscal policies to maintain economic stability, promote growth, and control inflation. The average exchange rate over the past 30 days is 19.38. The exchange rate immediately impacts the economy, affecting international trade, investment, and tourism between manual trade countries. Compare our rate and fee with our competitors and see the difference for yourself.

  • The value of the US Dollar is influenced by factors such as interest rates, inflation, trade balances, and global economic conditions.
  • Rates change due to interest rates, inflation, supply-demand, and global trends.
  • The exchange rate is updated to reflect current rates from Pangea to Mexico.
  • The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency.
  • You acknowledge that the parties to these exchange rate transactions engaged in arm’s-length negotiations.

The exchange rate is updated to reflect current rates from Pangea to Mexico. On April 5, 2020, the dollar reached its highest value in Mexico’s history, at 25.71 pesos per dollar. This spike was primarily due to economic uncertainty caused by the onset of the COVID-19 pandemic and the global drop in oil prices.

Our smart tech means we’re more efficient – which means you get a great rate. This is why you’ll see different exchange rates across providers. You’re paying the difference between the mid-market rate and the rate quoted by your transfer service. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Leading competitors alvexo forex broker have a dirty little secret.

Rates change due to interest rates, inflation, supply-demand, and global trends. Stay informed to understand the USD to MXN value better. The country is a major exporter of automobiles, electronics, and oil. The value of the Mexican Peso is influenced by factors such as inflation, trade balances, and global economic conditions. The Mexican government has been implementing various economic reforms to promote growth, reduce poverty, and improve infrastructure. Our currency exchange simulation tool allows you to test different currency conversion scenarios.

Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. You’re charged the hidden markup when you make a transfer — often without even realising.