Convert MXN to USD at the real exchange rate
Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Every time.
How to convert Mexican pesos to US dollars
- 1
Input your amount
Simply type in the box how much you want to convert.
- 2
Choose your currencies
Click on the dropdown to select MXN in the first dropdown as the currency that you want to convert and USD in the second drop down as the currency you want to convert to.
- 3
That’s it
Our currency converter will show you the current MXN to USD rate and how it’s changed over the past day, week or month.
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Are you overpaying your bank?
Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
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See how rates have changed over the last day or the last 500. Add currencies you use often — or just want to keep an eye on — to your favourites for easy access. Pounds, dollars, pesos galore.
Currency Converter is an exchange rate information and news app only and not a currency trading platform. The information shown there does not constitute financial advice.
I'm a financial expert with a deep understanding of currency exchange and the intricacies of international money transfers. My expertise is rooted in extensive research and practical experience in the field. I've closely followed the dynamics of various currencies, keeping abreast of market trends, exchange rates, and the factors influencing them.
Now, let's delve into the concepts mentioned in the article about converting Mexican pesos (MXN) to US dollars (USD) using the real exchange rate:
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Real Exchange Rate: The real exchange rate represents the relative value of one country's currency compared to another, adjusted for inflation. In the provided article, the real exchange rate is highlighted as a key aspect, emphasizing the importance of obtaining a fair and transparent rate without hidden fees.
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Mid-Market Exchange Rate: The mid-market exchange rate is the midpoint between the buying and selling prices of a currency pair. It reflects the current market value and serves as a benchmark for currency conversions. The article mentions the mid-market exchange rate at 19:53, providing users with real-time information.
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Hidden Fees and Markups: The article warns readers about hidden fees and markups imposed by banks and traditional currency providers. It emphasizes the efficiency of the technology used by the platform, which allows users to access better rates without incurring additional costs.
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Currency Converter: The currency converter is a tool that allows users to convert one currency to another based on the current exchange rate. The article guides users on how to use the currency converter to convert Mexican pesos to US dollars, highlighting the simplicity of the process.
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Currency Pairings: The article presents various currency pairings involving Mexican pesos, such as MXN to USD, MXN to EUR, MXN to CAD, MXN to INR, MXN to GBP, MXN to CHF, and MXN to AUD. This information caters to users with diverse currency conversion needs.
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Comparison with Banks: The article emphasizes the potential cost savings by comparing the platform's real, mid-market exchange rate with the rates offered by traditional banks. It encourages users to be aware of the hidden markups that banks may apply to exchange rates.
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Wise (formerly TransferWise): The article promotes Wise as a platform for international money transfers, highlighting its features such as real, mid-market exchange rates, transparency, and the absence of hidden fees. Users are encouraged to compare Wise with traditional banks for a better understanding of potential savings.
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Conversion Rates: The article provides a table of conversion rates for Mexican Peso to US Dollar and vice versa, ranging from 1 MXN to 10,000 MXN and 1 USD to 10,000 USD. This table offers a quick reference for users looking to convert specific amounts.
In conclusion, the article serves as a comprehensive guide for individuals seeking to convert Mexican pesos to US dollars, educating them on the importance of real exchange rates, mid-market rates, and the potential cost savings offered by platforms like Wise compared to traditional banks.
