Get real-time USD to MXN exchange rates on money transfers from the United States to Mexico by the world's leading money transfer companies.
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If you’re looking for the cheapest, fastest, and easiest way to send money to Mexico from the US, you have multiple options to choose from. The first thing to consider is the USD to MXN exchange rate. The value of the dollar to Mexican pesos will fluctuate each day based on the market. Using CompareRemit allows you to not only see the USD to MXN today, but also gives you insight into the many different companies offering remittance to Mexico.
Sending money to Mexico from the US can be done using various different methods, including online money transfer, wire transfers, bank-to-bank transfers, cash pickup, and more. CompareRemit partners with the best remittance companies on the market to provide you services that are affordable and trustworthy. Many US residents sending money home to Mexico have family there that rely on their income to survive, so getting the most value for your dollar is crucial.
As of today, the USD to MXN exchange rate is 18.03 Mexican pesos for 1 US dollar. This rate reflects a stable yet slightly elevated position for the dollar against the Mexican peso. Over August 2025, the peso has shown modest resilience, though the dollar remains relatively strong.
Analysts indicated in June 2025 that the peso-dollar trend could shift if upcoming US inflation data comes in lower than expected. The USD to MXN pair had recorded four straight days of losses, resulting in a short-term decline of over 0.5% in favor of the Mexican peso.
This positive momentum for the peso reflects steady investor confidence, largely driven by Mexico’s latest inflation figures. That is an economic indicator that could significantly influence the country’s upcoming monetary policy decisions and serve as a key driver for future market movements.
If you search for the peso-dollar exchange rate online, you might see a figure like 1 USD = 18.98 MXN. However, when you actually try to send money, the rate offered may be lower. What causes the difference?
The discrepancy is because the rate you see on Google or financial sites is the mid-market exchange rate, also known as the interbank rate. This is the average rate at which banks and large financial institutions trade currencies with one another. It serves as a benchmark but isn’t typically available to individuals making personal transfers.
When you use a remittance provider, they often apply a markup to the dollar-to-peso exchange rate to account for their profit margins. You may also be charged transfer fees or service charges. These added costs mean the actual Mexican peso exchange rate you receive is lower than the mid-market rate.
The mid-market rate is the midpoint between the buying and selling prices of a currency pair, like USD to MXN. It’s the most accurate reflection of a currency’s real-time value and is used by banks and financial institutions when trading.
As mentioned, when you convert pesos to dollars or vice versa, money transfer services often apply a markup to this rate. Your exchange rate is slightly lower, so providers can cover operational costs and make a profit. To get the most value from your transfer, it's important to compare both the exchange rate and the fees.
Platforms like CompareRemit can help you find the best peso-dollar conversion rate available today. Even small differences in the rate can make a strong impact on the final amount your recipient receives.
Are you planning to travel to Mexico or send money to Mexico? If you are, let's get to know the surprising facts about the Mexican currency.
The Mexican peso is the official currency of Mexico. MXN is the currency code, and its symbol is $ and ¢ for centavos. 1 peso is subdivided into 100 ¢. The peso is also sometimes written as M$, MX$, or MEX$ to differentiate it from other currencies using the $ symbol. The code MXN replaced the former code, MXP.
The Mexican pesos has many local names: lana, lucas, marimba, money, morlacos, papiros, and varos. The currency is minted by the Bank of Mexico, the national central bank.
At present, the paper money in the denomination of 20 pesos, 50 pesos, 100 pesos, 200 pesos, and 500 pesos are in use. 1000 pesos banknotes exist but are rarely used.
Most small stores in Mexico may not accept the 1000 peso as they won't be able to make a change for it. Coins in denominations of 5, 10, 20 and 50 centavos and 1 peso, 2 pesos, 5 pesos, 10 pesos, 20 pesos, 50 pesos, and 100 pesos are in circulation.
Did you know that the Mexican currency is used as a legal tender in the United States, Canada, and some Asian countries? And the Mexican peso is the third most popular currency in the U.S., after the Canadian and the U.S. dollar.
The Mexican peso is the 8th most traded currency in the world and the third most traded currency all over America.
The Mexican currency is not just about banknotes and coins, but it also serves as a link to American history. It was the first currency to introduce counterfeiting measures, and its roots trace back to Spain.
Keep reading to learn more surprising facts about the Mexican pesos.
The Mexican currency is derived from the Spanish peso- a silver coin of Spain and Spanish America. During colonization, peso coins were imported from Europe.
A "piece of eight" was another name for the Spanish dollar. A real is worth eight pesos. After the mid-14th century, the real was used as a unit of money in Spain until it was replaced by the peseta in 1868.
The Mexican government continued to use the Spanish monetary system after gaining independence in 1821. The Spanish dollar, on the other hand, went out of favor in the mid-19th century. The initial minting of the peso coin, which was manufactured up to 100 centavos, took place in 1866. Despite this,
"reales" were issued until the late 1800s.
The coins' gold and silver content were eventually replaced by less expensive metals. The gold content of the pesos was cut by 50% in 1905, followed by the silver content. The purity and weight of silver coins fell from 1918 to 1977 until the last silver pieces were minted.
On September 1, 1925, the Bank of Mexico was created with the sole authority to issue money by minting metal coins and printing banknotes. This institution was also in charge of monetary policy, interest rates, and currency exchange rates.
Throughout the 20th century, the Mexican peso became Latin America's most stable currency. The Mexican peso, on the other hand, had a terrible time in the late 20th century.
The Mexican economy was ravaged by the oil crisis of the 1970s. The country defaulted on its national debt, and the peso suffered from excessive inflation. As a result, the central bank began minting high-value coins, which eventually surpassed the denomination of 50 pesos, and there were even coins of 1000 and 5000 pesos at one point.
The Mexican government then devised the Stability and Economic Growth Pact as an economic plan. In 1993, the Bank of Mexico created the nuevo peso, or new peso, to help the country's economy recover and combat further currency depreciation. A single new peso was equal to 1000 old pesos.
Once the old banknotes and coins were out of circulation in 1996, the term nuevo was dropped.
The "new" peso dropped the three zeros from the old pesos to account for inflation in the following years. People still have old pesos, but their value is lower than what appears on the banknote due to the new peso. The old peso bills and coins are no longer accepted by the Mexican people, but they can still be cashed by the Bank of Mexico.
The Mexican peso is still changing. The latest change happened in 2019 on the $200 note, which now features José María Teclo Morelos Pérez y Pavón alongside Miguel Hidalgo.
The Mexican peso was the first to use the symbol $ on its coins, even before the US dollar. The $ symbol comes from the abbreviation "ps," which was used in the Americas to denote Spanish pesos.
Modern currencies that use the "peso" have a common ancestor in the 15th-19th century Spanish dollar. Because they share the same history, the United States and Mexico utilized the same dollar symbol. Until the Coinage Act of 1857, the peso was legal money in the United States.
Because of its anti-counterfeit design, the peso was extremely popular during the 19th century. The design of the peso became the base of many currencies in Asia, including the Hong Kong dollar, the Japanese yen, and the Chinese yuan.
The first banknotes issued by the Bank of Mexico were printed by the American Bank Note Company of New York (ABNC) from 1925-to 1934. The first series consisted of banknotes of 5, 10, 20, 50, 100, 500, and 1000 pesos.
Though the ABNC printed the notes, the Bank of Mexico established which elements and people to depict in each denomination, and the ABNC designed the engravings. The Bank also selected engravings directly from the archives of the ABNC.
The Mexican peso is named after the Spanish word "peso," which means "weight" or "pound." This can be traced back to the Latin pensum, which comes from the verb "pendere", which means "to weigh."
Spain had the largest source of silver during the Spanish colonization of the Americas, which is why the first peso was made of silver. Given that the peso was once made of valuable metals such as silver and gold, it's understandable that the currency would be valued by weight. This is also why pesos were once known as peso oro (gold weights) or pesos Plata (silver weights) (silver weights).
All denominations of Mexican currency vary in color, texture, and size to deter counterfeiting and to assist the blind. They all have a hidden watermark that can be seen when held up to the light, holographic optical thread on the fronts of the notes, and contain micro-prints that can only be seen with magnifying glasses.
Not only are the four largest notes the longest, but they are also constructed of a different substance than the 50 and 20 peso ones. The larger banknotes are composed of paper, whereas the smaller bills (50 and 20) are made of plastic.
Additionally, a 20 peso polymer banknote has a 32-month average life, and a 50 peso note made of the same material has a 39-month average life.
In 2024, the USD to MXN exchange rate fluctuated between 16.31 and 20.60. The Mexican peso showed resilience, bolstered by higher interest rates and steady oil prices, which encouraged increased foreign investment. Temporary spikes in the dollar-to-peso rate were often tied to global economic uncertainty and US Federal Reserve decisions.
Now in 2025, the current US dollar to Mexican peso rate sits at 19.01, still favorable for senders. In the short term, analysts expect modest fluctuations, with rates potentially hovering between 17.80 and 18.20 over the next months.
Looking ahead over the next six months, projections suggest the Mexican peso exchange rate could strengthen further, potentially moving into the 17.40 to 17.60 range if Mexico maintains its stable monetary policy. For the full year, much will depend on inflation control, trade flows, and shifts in US interest rates.
The USD to MXN exchange rate is shaped by economic, geopolitical, and financial factors. In 2025, five key forces are playing a major role:
To make the most of your dollar-to-peso transfers, first choose the right provider. Even a small difference in the USD to MXN rate can mean more pesos for your recipient.
Use CompareRemit to view real-time rates, fees, and transfer speeds side-by-side. You can instantly compare top services such as Wise, Remitly, and Xoom, ensuring you’re not missing out on a better Mexican peso exchange rate.
Pro tip: Set a rate alert and let CompareRemit notify you when the exchange rate from dollar to peso hits your ideal mark.
Using a real-time USD to MXN calculator can help you get the best dollar-to-peso exchange rate by:
All of these features are available on CompareRemit’s real-time USD to MXN calculator.
Sending money from the United States to Mexico can be fast, reliable, and cost-effective. Here’s how you can use CompareRemit’s USD to MXN calculator to get the best peso-dollar exchange rate:
The process takes only a few seconds and helps you make a fully informed choice. This way, you can save both time and money on your next dollar-to-peso transfer.
For more details about remitting money to Mexico, visit our complete guide on sending USD to MXN securely.
The highest recorded exchange rate for the Mexican peso to the dollar was 1 MXN = 0.0519 USD on October 12, 2024. While rates fluctuate frequently, tracking historical highs can help reveal market trends. For example, the peso has strengthened since 2020 due to stable economic policies in Mexico.
US dollars are accepted in many tourist areas and border cities across Mexico, but often at less favorable exchange rates. You’ll need pesos for local markets, rural towns, and small purchases. Consider exchanging currency beforehand or withdrawing pesos (MXN) directly from ATMs for better value.
Weekdays between 9 a.m. and 3 p.m. typically offer favorable rates, since markets are active around that time. Weekends and holidays tend to show less competitive spreads due to reduced liquidity. For the best deals, monitor US Federal Reserve updates and Mexico’s inflation reports, or use rate alerts from services like CompareRemit.
Mexico's central bank currently offers higher interest rates compared to the US, attracting global investors looking for better returns. Additionally, Mexico's close trade ties with the US and its role as a leading oil producer support the peso's value. These factors, along with steady remittances and a growing economy, contribute to the peso's resilience against the dollar.
The US dollar hit its lowest level against the Mexican peso in April 2020, during the peak of COVID-19-induced market turmoil, with the rate at approximately 1 USD = 17.50 MXN. This record weakness for the dollar was caused by a surge in demand for pesos as investors rushed to cover losses, combined with temporary strength in Mexico’s oil exports. Despite fluctuations, the peso has historically averaged between 18 and 22 MXN per dollar over the past decade.
* Disclaimer : Exchange rates, transfer fees, comparison data and any other remittance information presented on this website is generic and high level, provided for your convenience and information purpose only. Exchange rates shown above either locked-in exchange rates or indicative exchange rates are variable i.e. they keep changing frequently throughout the day; a discrepancy in money transfer information like exchange rate is possible. Only the Terms and Conditions of the particular remittance service provider are binding. Please verify the exchange rates, service details and applicable service agreement of a particular service provider. By using the information on this site you agree to our Terms of Use.
