MXN to USD — Live Rate, Historical Chart & Converter

What drives the MXN to USD rate?

MXN to USD is the inverse of USD to MXN — when one rises, the other falls by the same proportion. From your perspective as a Peso holder converting to Dollars, the rate is shaped by the same forces as the reverse pair: Banxico's policy stance (which has held Mexican rates among the highest in the G20 at 11.25% in 2024), the Mexico–US remittance corridor (the largest bilateral flow in the world), and US-Mexico trade integration under the USMCA. But the math works in reverse — when the Peso strengthens against the Dollar, 1 MXN buys more Dollars, and the MXN to USD rate rises.

What moves the Peso — and what it means for MXN to USD

• Banxico out-hikes the Fed: Peso strengthens — MXN to USD rises.
• Oil prices fall: Mexico is a major oil exporter — Peso weakens — MXN to USD falls.
• US political headlines (USMCA, tariffs): Peso weakens on uncertainty — MXN to USD falls.
• Remittance surges (Christmas, Mother's Day): Dollar inflows strengthen the Peso — MXN to USD rises.

The "1 Peso = X cents" perspective

Because MXN to USD is typically a small decimal (roughly $0.055 per Peso), many people prefer to think in "100 Pesos = $5.50" terms. Use the live MXN to USD converter at the top of this page for any amount. For the reverse direction, see our USD to MXN page.

Historical context for MXN to USD

• April 2020 (COVID crash): MXN to USD dropped to roughly $0.0395 — the weakest the Peso has ever been — as oil collapsed and investors fled emerging markets.
• September 2014: MXN to USD was around $0.077 — the strongest the Peso had been in years, before the oil crash began.
• Mid-2024: MXN to USD settled around $0.055 — meaning 100 Pesos was worth roughly $5.50.
• November 2016: MXN to USD dropped sharply after the US election, falling from $0.052 to $0.046 in a single session.

Sending Pesos to the United States

If you're a Mexican resident sending Dollars to family in the US — or paying for US-based services, tuition, or shopping — the cheapest route is almost always a specialist money-transfer app rather than a bank. Mexican retail banks (Banamex, BBVA, Santander) typically quote 2–4% over the mid-market rate on USD purchases; specialist services like Wise, Remitly, and Xe routinely beat that by 1–2%. For amounts above 50,000 MXN, ask your bank's FX desk for a "spot quote" — they'll often match the interbank rate within 5–10 cents per Dollar.

Best time to convert MXN to USD

• Best liquidity: 9:00 AM to 1:00 PM Eastern Time, when both Banxico and the Fed are in the market.
• Best day of week: Tuesday through Thursday — Monday and Friday tend to have wider spreads.
• Avoid: Banxico meeting days (8 per year) and major US-Mexico trade headlines.
• Set a rate alert — the Peso's 90-day range typically spans 3–5%.

MXN is highly sensitive to US political and trade headlines. Always verify the live rate immediately before transacting.