Mexico Exchange Rate Calculator
Convert foreign currencies to Mexican Pesos (MXN) quickly
Conversion Results
Understanding the Mexican Peso (MXN) Exchange Rate
The Mexican Peso (MXN) is one of the most liquid and traded currencies in Latin America. Whether you are traveling to Cancun, investing in Mexican real estate, or sending remittances, understanding how the exchange rate works is crucial for getting the most value for your money.
How to Use This Calculator
To calculate your conversion, simply enter the amount of your home currency (like USD, CAD, or EUR) and the current market exchange rate. The "Exchange Rate" is the number of pesos one unit of your currency can buy.
- Amount to Convert: Enter the total sum you wish to exchange.
- Current Exchange Rate: Enter the current value of the peso against your currency. For example, if 1 USD equals 18.20 MXN, you enter 18.20.
- Calculate: The tool will provide the total amount in Mexican Pesos (MXN).
Factors That Influence the Peso
The value of the Mexican Peso is influenced by several domestic and international factors:
- Oil Prices: Mexico is a major oil producer; changes in global crude prices often correlate with peso strength.
- Trade Relations: Since a significant portion of Mexico's trade is with the United States, trade agreements and border policies impact the rate.
- Remittances: The flow of money sent from Mexicans living abroad back to Mexico affects currency demand.
- Interest Rates: The decisions made by Banxico (the Bank of Mexico) regarding interest rates to control inflation.
Practical Conversion Example
Imagine you are planning a trip and want to convert 500 US Dollars into Pesos. If the current exchange rate is 17.85 MXN per 1 USD, your calculation would be:
500 USD × 17.85 = 8,925.00 MXN
Please note that when using physical exchange booths or ATMs in Mexico, you may receive a slightly lower rate than the "Interbank Rate" seen on news sites, as banks often charge a commission or spread.