Dollars (USD) to Pesos (MXN)
Pesos (MXN) to Dollars (USD)
Euros (EUR) to Pesos (MXN)
Pesos (MXN) to Euros (EUR)
Canadian Dollars (CAD) to Pesos (MXN)
Pesos (MXN) to Canadian Dollars (CAD)
Converted Amount
$0.00
Rate used: 1 USD = 19.50 MXN
Understanding the Mexican Exchange Rate (MXN)
Whether you are planning a vacation to Cancun, sending remittances to family, or conducting business across the border, understanding the value of the Mexican Peso (MXN) is crucial. This Mexican Exchange Rate Calculator helps you determine exactly how much your money is worth based on current market fluctuations.
How This Calculator Works
Currency exchange is a multiplication or division problem based on the "spot rate." The spot rate is the current price at which one currency can be exchanged for another.
Direction: Choose whether you are buying Pesos (e.g., USD to MXN) or selling Pesos (e.g., MXN to USD).
Amount: Enter the total cash amount you wish to convert.
Exchange Rate: Input the current market rate. While banks often take a "spread" (a fee built into the rate), the interbank rate gives you the raw market value.
Factors Influencing the Peso
The value of the Mexican Peso floats freely against other major currencies. Several key economic indicators drive its value up or down:
Oil Prices: As a major oil exporter, Mexico's economy often correlates with global crude oil prices. Higher oil prices typically strengthen the Peso.
US Economy: Given the proximity and trade volume, a strong US economy can boost the Peso through increased remittances and manufacturing exports.
Interest Rates: The Banco de México (Banxico) adjusts interest rates to manage inflation. Higher interest rates in Mexico compared to the US can attract foreign investment, strengthening the currency.
Tips for Exchanging Money in Mexico
To get the best value when converting dollars to pesos:
Avoid Airport Kiosks: Exchange booths at international airports often charge the highest fees and offer the worst rates.
Use ATMs: Withdrawing pesos directly from a bank ATM in Mexico usually provides the closest to the interbank exchange rate, though your home bank may charge a transaction fee.
Pay in Pesos: While many tourist areas accept US Dollars, the exchange rate offered by merchants is usually unfavorable compared to paying in the local currency.
Note: Exchange rates change constantly throughout the trading day. Always verify the specific rate offered by your bank or transfer service before finalizing a transaction.
// Initial label setup
updateLabels();
function updateLabels() {
var direction = document.getElementById('conversionDirection').value;
var amountLabel = document.getElementById('amountLabel');
var rateLabel = document.getElementById('rateLabel');
var rateInput = document.getElementById('exchangeRate');
// Default rates for better UX (Approximations)
var defaultUSD = 19.50;
var defaultEUR = 21.20;
var defaultCAD = 14.30;
if (direction === 'USD_MXN') {
amountLabel.innerHTML = 'Amount (USD)';
rateLabel.innerHTML = 'Exchange Rate (1 USD = ? MXN)';
if(rateInput.value == "" || rateInput.value == defaultUSD || rateInput.value == (1/defaultUSD).toFixed(4)) rateInput.value = defaultUSD;
} else if (direction === 'MXN_USD') {
amountLabel.innerHTML = 'Amount (MXN)';
rateLabel.innerHTML = 'Exchange Rate (1 USD = ? MXN)'; // Keep base rate standard for easier user input
if(rateInput.value == "") rateInput.value = defaultUSD;
} else if (direction === 'EUR_MXN') {
amountLabel.innerHTML = 'Amount (EUR)';
rateLabel.innerHTML = 'Exchange Rate (1 EUR = ? MXN)';
rateInput.value = defaultEUR;
} else if (direction === 'MXN_EUR') {
amountLabel.innerHTML = 'Amount (MXN)';
rateLabel.innerHTML = 'Exchange Rate (1 EUR = ? MXN)';
rateInput.value = defaultEUR;
} else if (direction === 'CAD_MXN') {
amountLabel.innerHTML = 'Amount (CAD)';
rateLabel.innerHTML = 'Exchange Rate (1 CAD = ? MXN)';
rateInput.value = defaultCAD;
} else if (direction === 'MXN_CAD') {
amountLabel.innerHTML = 'Amount (MXN)';
rateLabel.innerHTML = 'Exchange Rate (1 CAD = ? MXN)';
rateInput.value = defaultCAD;
}
}
function calculateExchange() {
// 1. Get Input Values
var amount = parseFloat(document.getElementById('amountToConvert').value);
var rate = parseFloat(document.getElementById('exchangeRate').value);
var direction = document.getElementById('conversionDirection').value;
// 2. Validate Inputs
if (isNaN(amount) || amount < 0) {
alert("Please enter a valid positive amount.");
return;
}
if (isNaN(rate) || rate <= 0) {
alert("Please enter a valid exchange rate.");
return;
}
// 3. Perform Calculation Logic
var convertedValue = 0;
var currencySymbol = "$";
var currencyCode = "MXN";
var baseCode = "USD";
// Logic:
// If converting TO MXN (Buying Pesos), we Multiply by rate (assuming rate is 1 Unit = X MXN).
// If converting FROM MXN (Selling Pesos), we Divide by rate (assuming rate is 1 Unit = X MXN).
if (direction === 'USD_MXN') {
convertedValue = amount * rate;
currencyCode = "MXN";
baseCode = "USD";
} else if (direction === 'MXN_USD') {
convertedValue = amount / rate;
currencyCode = "USD";
baseCode = "MXN";
} else if (direction === 'EUR_MXN') {
convertedValue = amount * rate;
currencyCode = "MXN";
baseCode = "EUR";
} else if (direction === 'MXN_EUR') {
convertedValue = amount / rate;
currencyCode = "EUR";
baseCode = "MXN";
currencySymbol = "€";
} else if (direction === 'CAD_MXN') {
convertedValue = amount * rate;
currencyCode = "MXN";
baseCode = "CAD";
} else if (direction === 'MXN_CAD') {
convertedValue = amount / rate;
currencyCode = "CAD";
baseCode = "MXN";
}
// 4. Format Output
// Using toLocaleString for currency formatting
var formattedResult = convertedValue.toLocaleString('en-US', {
style: 'currency',
currency: currencyCode,
minimumFractionDigits: 2,
maximumFractionDigits: 2
});
// 5. Display Results
var resultBox = document.getElementById('resultBox');
var finalResult = document.getElementById('finalResult');
var rateDisplay = document.getElementById('rateDisplay');
resultBox.style.display = 'block';
finalResult.innerHTML = formattedResult;
// Contextual explanation string
var rateExplanation = "";
if (direction.includes("_MXN")) {
// Foreign to MXN
rateExplanation = "Rate: 1 " + baseCode + " = " + rate.toFixed(2) + " MXN";
} else {
// MXN to Foreign
// Show the inverse rate as well for clarity
var inverseRate = 1 / rate;
rateExplanation = "Rate used: " + rate.toFixed(2) + " MXN per " + currencyCode;
}
rateDisplay.innerHTML = rateExplanation;
}