Leading competitors have a dirty little secret. They add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice.
Wise never hides fees in the exchange rate. We give you the real rate. Compare our rate and fee with our competitors and see the difference for yourself.
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.
Simply type in the box how much you want to convert.
2
Choose your currencies
Click on the dropdown to select USD in the first dropdown as the currency that you want to convert and MXN 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 USD to MXN rate and how it’s changed over the past day, week or month.
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.
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.
Best place to exchange currency: Your bank or credit union
Many banks offer currency exchange to their customers. Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency.
For traveling (even on a backpacker budget), it is perhaps better to consider what 500 pesos (or $25 will buy). That is enough to rent a car for a way (minus non-specified expenses). It is also enough for dormitory accommodation in some of the cheapest hostels in Mexico City for two nights (around $8 per night).
100 pesos goes pretty far while traveling in Mexico
Fortunately for travelers, there's plenty you can buy with this amount, from food to attractions to transportation. For example, street tacos in Mexico often hover around 12 to 30 pesos each; you can pick up anywhere from three to eight tacos, depending on pricing.
This significant rate difference plays a key role in influencing the USD/MXN exchange rate, making Mexican assets more attractive to yield-seeking investors and supporting the peso's strength.
Is it best to change your dollars over to pesos when you travel to Mexico before you enter Mexico? Yes for the casa de cambios(money exchanges) and Mexican banks make money and offer greatly discounted rates over actual exchange rate.
100 pesos goes pretty far while traveling in Mexico
Fortunately for travelers, there's plenty you can buy with this amount, from food to attractions to transportation. For example, street tacos in Mexico often hover around 12 to 30 pesos each; you can pick up anywhere from three to eight tacos, depending on pricing.
With today's exchange rates, $100 USD is about $1,900 – $2,000 MXN. Compared to wages, $1,900 MXN is about weeks' worth of salary for most manual labor jobs outside the major cities of Mexico. So for locals that have basic day labor jobs, it is a decent amount of money.
If you are extremely budget conscious, you might be able to get by on 2,500 to 3,000 pesos (not including lodging expenses). On the other hand, one could easily spend 15,000 or more. It depends on where you eat, what you drink and the activities you enjoy.
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