USD to MXN Exchange Rate Today
US Dollar to Mexican Peso conversion for the largest remittance corridor in the world. Track live USD/MXN rates every 30 minutes for family support, business transactions, property purchases, or travel to Mexico City, Guadalajara, Monterrey, and across Mexico.
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Frequently Asked Questions
What is the US Dollar to Mexican Peso exchange rate?
The USD to MXN exchange rate typically ranges between 16-20 MXN per 1 USD, depending on US-Mexico trade relations, oil prices (Mexico is major oil exporter), Federal Reserve vs Banco de México interest rate differentials, and USMCA trade agreement impacts. Mexico receives over $60 billion annually in remittances, mostly from the United States, making USD/MXN the largest remittance corridor in the world. Our converter shows live mid-market rates updated every 30 minutes.
How can Americans send money to Mexico?
Americans and Mexican-Americans have numerous options: Remitly (0.99-3%, fast transfers to OXXO, banks), Wise (0.5-1.5%, great rates), Xoom (1-3%, PayPal-owned), MoneyGram or Western Union (higher fees but extensive agent network in every Mexican city); banks like Wells Fargo or Bank of America (expensive, avoid for remittances); or direct bank transfers. For the 37+ million Mexican-American community, specialized services save significantly—compare total MXN received per $100 sent.
Why does USD to MXN rate change so much?
USD/MXN is one of the most actively traded emerging market pairs. It responds to: Fed interest rate decisions vs Banxico policy, US-Mexico trade flows ($780B+/year), oil price movements (Mexico exports oil), USMCA trade agreement impacts, US political rhetoric on immigration/border issues, remittance flows ($60B+/year), and global risk appetite. Major volatility occurs around Fed meetings, Mexican elections, or US political changes affecting bilateral relations.
Should I exchange dollars in the US or Mexico?
Exchange in Mexico for better rates. US banks and airport exchanges offer poor USD/MXN rates (5-10% below market). Best options: use ATMs in Mexico with no foreign transaction fee cards (typically 1-2% cost); use Wise or Revolut cards in Mexico; visit casas de cambio (exchange houses) in Mexican cities; or send money via Remitly/Wise before traveling. Avoid airport exchanges, hotel desks, and tourist-area cambios which charge 8-15% markup.
Is Mexico expensive for US tourists?
Mexico is generally affordable for Americans. With $1 USD buying 17-19 MXN, travelers find good value, especially outside resorts. Budget hotels $20-40/night, meals $5-15, local transport $1-5. Cancún, Cabo, and resort areas are pricier; inland cities (Guanajuato, Oaxaca, Mérida, Puebla) offer better value. Your dollars stretch further than in the US, though resort areas approach US pricing. Use pesos, not dollars, for best prices.