US Dollar (USD)
Euro (EUR)
Canadian Dollar (CAD)
British Pound (GBP)
Enter current market rate
Conversion Result
// Set default rate on load
var defaultRates = {
'USD': 20.00,
'EUR': 21.50,
'CAD': 14.50,
'GBP': 25.00
};
document.getElementById('exchangeRate').value = defaultRates['USD'];
function updateRateLabel() {
var currency = document.getElementById('currencyType').value;
document.getElementById('rateLabel').innerText = "Exchange Rate (1 " + currency + " = ? MXN)";
}
function updateDefaultRate() {
var currency = document.getElementById('currencyType').value;
var currentRateInput = document.getElementById('exchangeRate');
// Only update if the user hasn't typed a custom value or if the field is empty,
// but for simplicity in this tool, we just suggest the new default base on currency.
if(defaultRates[currency]) {
currentRateInput.value = defaultRates[currency];
}
updateRateLabel();
}
function calculatePesoExchange() {
var amount = parseFloat(document.getElementById('amountToConvert').value);
var rate = parseFloat(document.getElementById('exchangeRate').value);
var direction = document.getElementById('conversionDirection').value;
var currency = document.getElementById('currencyType').value;
var resultDiv = document.getElementById('mxnResult');
var finalAmountDiv = document.getElementById('finalAmount');
var breakdownDiv = document.getElementById('calculationBreakdown');
if (isNaN(amount) || amount <= 0) {
alert("Please enter a valid positive amount to convert.");
return;
}
if (isNaN(rate) || rate <= 0) {
alert("Please enter a valid exchange rate.");
return;
}
var convertedValue = 0;
var resultString = "";
var explanation = "";
if (direction === 'foreign_to_mxn') {
// Formula: Amount (Foreign) * Rate = MXN
convertedValue = amount * rate;
// Formatting currency
var formattedInput = new Intl.NumberFormat('en-US', { style: 'currency', currency: currency }).format(amount);
var formattedOutput = new Intl.NumberFormat('es-MX', { style: 'currency', currency: 'MXN' }).format(convertedValue);
resultString = formattedOutput;
explanation = "Converting " + formattedInput + " to Mexican Pesos at a rate of " + rate + ".";
explanation += "Calculation: " + amount + " × " + rate + " = " + convertedValue.toFixed(2);
} else {
// Formula: Amount (MXN) / Rate = Foreign
convertedValue = amount / rate;
var formattedInput = new Intl.NumberFormat('es-MX', { style: 'currency', currency: 'MXN' }).format(amount);
var formattedOutput = new Intl.NumberFormat('en-US', { style: 'currency', currency: currency }).format(convertedValue);
resultString = formattedOutput;
explanation = "Converting " + formattedInput + " to " + currency + " at a rate of " + rate + ".";
explanation += "Calculation: " + amount + " ÷ " + rate + " = " + convertedValue.toFixed(2);
}
finalAmountDiv.innerHTML = resultString;
breakdownDiv.innerHTML = explanation;
resultDiv.style.display = 'block';
}
Understanding Mexican Peso Exchange Rates
Whether you are planning a vacation to Cancun, sending remittances to family in Mexico, or conducting international business, understanding the exchange rate of the Mexican Peso (MXN) is crucial. The exchange rate determines how much value you get when converting your home currency (like USD, EUR, or CAD) into Pesos, or vice versa.
This Mexican Peso Exchange Rate Calculator allows you to quickly estimate conversions using current or custom market rates. By inputting the specific exchange rate offered by your bank or transfer service, you can see exactly how much money will be received.
How to Use This Calculator
Amount to Convert: Enter the total amount of money you wish to exchange.
Conversion Direction: Select whether you are buying Pesos (Foreign Currency → MXN) or selling Pesos (MXN → Foreign Currency).
Foreign Currency Type: Choose the currency you are pairing with the Peso (e.g., USD, CAD, EUR).
Exchange Rate: Input the specific rate provided by your exchange service. While market rates fluctuate (often hovering between 17 and 22 MXN per USD), banks often charge a spread. Inputting the exact rate gives you a precise result.
Factors That Influence the MXN Rate
The value of the Mexican Peso is "floating," meaning it changes constantly based on market supply and demand. Key factors include:
1. Interest Rate Differentials
The Bank of Mexico (Banxico) sets interest rates to control inflation. If interest rates in Mexico are significantly higher than in the US, investors may buy Pesos to earn higher returns, driving up the Peso's value.
2. Oil Prices
Although Mexico's economy has diversified, oil remains a significant export (through PEMEX). Historically, when oil prices drop, the Peso tends to weaken against the Dollar.
3. Remittances
Money sent home by Mexicans working abroad is a massive source of foreign currency inflow. High levels of remittances increase the supply of Dollars in Mexico and can strengthen the Peso.
4. Geopolitical Stability
Trade agreements (like the USMCA) and political stability in North America heavily influence investor confidence in the Peso.
Common Conversion Scenarios
Tourism: If you are traveling to Mexico, you will likely convert USD or CAD to MXN. It is often recommended to use ATMs in Mexico for better rates than airport exchange kiosks.
Business: Companies importing goods from Mexico need to sell their local currency to buy Pesos to pay suppliers. Fluctuations in the rate can significantly impact profit margins.
Remittances: When sending money from the US to Mexico, the exchange rate directly impacts how many Pesos the recipient gets. A rate change from 19.00 to 20.00 on a $500 transfer means an extra 500 Pesos for the recipient.
{
"@context": "https://schema.org",
"@type": "FAQPage",
"mainEntity": [{
"@type": "Question",
"name": "How is the Mexican Peso exchange rate calculated?",
"acceptedAnswer": {
"@type": "Answer",
"text": "To calculate the exchange rate from a foreign currency (like USD) to MXN, you multiply your amount by the current rate (e.g., $100 * 20.00 = 2,000 Pesos). To convert MXN back to foreign currency, you divide the amount of Pesos by the rate."
}
}, {
"@type": "Question",
"name": "What is a good exchange rate for the Mexican Peso?",
"acceptedAnswer": {
"@type": "Answer",
"text": "A 'good' rate is one that is close to the mid-market rate (the rate you see on Google). Exchange bureaus and banks typically add a margin (spread). If the mid-market rate is 20.00 MXN/USD, a bank might offer 19.50, which is standard, but airport kiosks might offer significantly less."
}
}, {
"@type": "Question",
"name": "Does the Mexican Peso use the $ symbol?",
"acceptedAnswer": {
"@type": "Answer",
"text": "Yes, the Mexican Peso uses the '$' symbol, just like the US Dollar. To avoid confusion, it is sometimes written as MX$ or followed by 'MN' (Moneda Nacional)."
}
}]
}