US Dollar to Mexican Peso (USD to MXN)
Today’s live USD to MXN exchange rate, a quick converter and a reference table — built on the real mid-market rate.
The US dollar to Mexican peso rate (USD/MXN) is one of the most actively traded currency pairs in the Americas, watched by businesses, travelers and the millions of people who send money between the two countries. The live rate above is the mid-market rate — the real, no-markup rate — so you know exactly what a dollar is worth in pesos before you convert or send money.
About the US dollar to Mexican peso (USD/MXN)
The Mexican peso (MXN) is issued by the Banco de México and is among the most traded emerging-market currencies in the world. With deep trade ties and enormous remittance flows between the US and Mexico, the USD/MXN rate has a direct impact on family budgets and business costs on both sides of the border.
What moves the USD to MXN rate
Key drivers include US Federal Reserve and Banco de México interest-rate decisions, the strength of the US dollar, oil prices, trade and nearshoring trends, inflation, and remittance flows. Short-term moves are impossible to predict reliably, so the sensible approach is to know the mid-market rate and compare providers each time you convert.
Is the rate you see the rate you get?
Usually not exactly. The figure above is the fair mid-market rate. When you exchange dollars for pesos or send money, most banks and providers add a margin, so you receive slightly less. Use the mid-market rate as your benchmark — if a provider is more than about 1% worse, they are padding the rate.
Getting the best USD to MXN rate
- Compare on pesos delivered, not the headline fee.
- For sending money, see our full guide to sending money to Mexico — SPEI, cash pickup and the new 1% tax explained.
- For spending in Mexico, a no-fee travel money card converts near the mid-market rate.
- Always pay in pesos, not dollars, at terminals to avoid dynamic currency conversion.
Frequently asked questions
What is 1 US dollar to Mexican peso today?
The live mid-market rate is shown at the top of this page and updates daily — the real interbank rate for USD to MXN from European Central Bank reference data, with no markup added.
How many pesos is $100?
Multiply 100 by the current USD to MXN rate above. The reference table lists common amounts converted at today’s mid-market rate.
Where does this rate come from?
The mid-market rate based on European Central Bank reference data, refreshed each business day — the fair, no-markup benchmark, not necessarily the rate a provider gives you.
Why is my bank’s dollar to peso rate worse?
Most banks and transfer services add a margin to the mid-market rate. The bigger the gap, the more you are paying in hidden markup.
What is the cheapest way to send US dollars to Mexico?
Compare providers on the pesos actually delivered. Wise uses the mid-market rate with a transparent fee; Remitly is strong for SPEI and cash pickup. See our guide to sending money to Mexico.