US Dollar to Mexican Peso Exchange Rate (2024)

FAQs

What is a good exchange rate for USD to Mexican peso? ›

Best U.S. Dollar / Mexican Peso Exchange Rate Today: 17.9017.

Basic Info. US Dollar to Mexican Peso Exchange Rate is at a current level of 17.94, up from 17.85 the previous market day and up from 16.84 one year ago. This is a change of 0.52% from the previous market day and 6.55% from one year ago.

1 USD = 18.1681 MXN Jul 23, 2024 20:52 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

The recommendation is to use pesos in Mexico. Though some businesses may accept U.S. dollars, converting your currency to pesos is better. It ensures better exchange rates and wider acceptance. Many travelers get pesos from their home bank before their trip.

If you're a tourist and you just need some walking-around money, you can exchange it at a local bank, either back at home or when you're in Mexico. You'll probably get a better exchange rate at a local bank branch than at a bureau de change.

Those with a little more money to spare may find that an average daily budget of $2,400 Mexican Pesos (MXN) is the perfect amount. This will get you a comfortable mid-range hotel room, allow you to travel by taxi, and give you the opportunity to enjoy three-course meals in most restaurants.

The best Mexican peso exchange rate right now is 21.9204 from Travel FX.

$100 USD in Mexico can go a long way, covering various activities, food, drinks, and accommodations. $100 can buy you a week of experiences in Mexico, from dining out to guided tours and beach hotels. From huaraches to doctor's visits, tacos, and car rentals, $100 can provide a diverse Mexican experience.

The national currency in Mexico is the Mexican Peso (MXN). However the US Dollar is widely accepted across Mexico especially in the more touristic places like Playa del Carmen. In fact most tour companies, restaurants, and even some shops will have their prices in both pesos and dollars.

Where is the best place to exchange dollars in Mexico? ›

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.

$1 = $ 18.39 (USD to MXN) is the best current exchange rate to transfer money from USA to MEXICO (US Dollar to Mexican Peso)

In five months the US Dollar-to-Mexican Peso exchange rate is forecast to trade at 17.7147 (Q4 2024), 1.22% lower compared to today's price. In eight months the expected rate is at 17.6891 (Q1 2025), 1.37% lower.

The USD to MXN exchange rate is forecasted to increase by 1.60% in the next 24 hours, rising from the current rate of $ 18.03 to $ 18.32. Currently, the sentiment in the USD/MXN market is estimated to be bullish. Disclaimer: This is not investment advice.

However, there is plenty that visitors can do on a budget of $100 USD, from an almost-endless bar to premium lucha tickets to a week-long stay in a hostel — proving that Mexico is a budget-friendly destination for the books.

The best time for MXN trading is typically in the morning, when financial markets are open and there is a steady flow of economic news. Bid-ask spreads tend to widen during quiet periods and narrow when trading is more active.

Mexico's official currency is the peso. Although the peso is the main currency, American dollars are accepted in touristy areas. Some high-traffic tourist regions might also accept Euros, Canadian dollars and British pounds. However, it's almost always more cost-efficient to pay with pesos.