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 live forex signals 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.
Knowing these factors provides better insight into exchange rate fluctuations. If the 20 50 and 200 day moving average 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.
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.
MXN Mexican Peso
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.
You acknowledge that the parties to these exchange rate transactions engaged in arm’s-length negotiations. You are a customer and these transactions do not establish a principal/agent relationship or any other relationship that may create a heightened duty for us. alvexo forex broker The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity.
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.
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.
MXN = 0.04964 USD
They add hidden markups to their 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.
- Withdraw money from ATMs abroad — with no fees on your first £200 every 30 days — or pay in shops and restaurants around the world.
- Click the following link to see the real-time Dollar-to-Peso exchange (US dollar to Mexican peso) and Send Money to Mexico.
- Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends.
- So when you make an international money transfer, you’ll know exactly what you’re getting.
- When travelling abroad for business or pleasure, you might need Mexican peso to spend in restaurants, shops and bars.
- Stay informed to understand the USD to MXN value better.
Historical currency rates
The Mexican Peso was never worth more than the US Dollar in the past 180 days. The peso was initially the name of the eight-real coins issued in Mexico by Spain. The Mexican peso is now among the 15 most traded currency units in the world, and is the most traded currency in Latin America. President Donald Trump possesses an accurate assessment of the Mexican state’s basic nature, and is making policy accordingly. And if the rate isn’t right, we can let you know when it gets better. Sign up for rate alerts, and you’ll get live updates straight to your inbox.
Comparison of United States Dollar (USD) and Mexican Peso (MXN)
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.
Convert MXN to USD on 2025-3-14
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.
- Send money abroad using Wise and we’ll use the same rate you see on our currency converter.
- Any Bank of America customer can exchange foreign currency at any financial center.
- The currency is issued by the Bank of Mexico and is subdivided into 100 centavos.
- The peso was initially the name of the eight-real coins issued in Mexico by Spain.
- The information provided is for general purposes only and does not constitute financial advice.
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 have a dirty little secret.
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.
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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.