Best USD to MXN Exchange Rates Compared Live (2024)

FAQs

What is the best dollar to MXN exchange rate? ›

1 USD = 17.12 MXN - Today's Best US Dollar to Mexican Peso Exchange Rates.

Best place to exchange currency: Your bank or credit union

Many banks offer currency exchange to their customers. Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency.

The best place to exchange foreign currency in the U.S. is at your local bank or credit union before you leave for your trip.

Is it best to change your dollars over to pesos when you travel to Mexico before you enter Mexico? Yes for the casa de cambios(money exchanges) and Mexican banks make money and offer greatly discounted rates over actual exchange rate.

1. Banks trade at the real rate. When exchanging Mexican peso between themselves, banks and transfer services use the mid-market rate (also known as the interbank rate). It's the fairest possible rate.

The best place to exchange currency in Mexico is at a large bank or select ATMs. Both options will use the 'real' exchange rate, also known as the mid-market exchange rate. It's the midpoint between the buy and sell rate in global currency markets.

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

Is $300 dollars a lot of money in Mexico? ›

Is $300 a lot of money in Mexico? You have just converted three hundred dollars to mexican peso according to the recent foreign exchange rate 19.823875. For three hundred dollars you get today 5,947 pesos 16 centavos.

If you are extremely budget conscious, you might be able to get by on 2,500 to 3,000 pesos (not including lodging expenses). On the other hand, one could easily spend 15,000 or more. It depends on where you eat, what you drink and the activities you enjoy.

It is recommended that all travelers bring Mexican pesos as well as their credit and/or debit cards to minimize any inconvenience the exchange cap at banks may cause. Basically, the rule is specifically aimed at reducing large exchanges of physical US dollars for physical Mexican pesos.

Best U.S. Dollar / Philippine Peso Exchange Rate Today: 57.7178.

Fresh off its biggest annual gain in over two decades last year, the peso has climbed 1.8% against the dollar this year. It now trades at about 16.69 per dollar, near the strongest since 2015.