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Mexican Peso (MXN) Live Exchange Rate & Remittance Guide
MXN · MX$ · Banco de México (Banxico)
1 USD =
MX$—
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About the Mexican Peso
The Mexican Peso is one of the most traded emerging market currencies. Mexico underwent major currency reform in 1993, replacing the old peso at 1000:1. The 1994 peso crisis prompted a shift to a free-float system.
Why MXN matters for remittance
Mexico is the second-largest remittance recipient in the world, receiving over $60 billion annually. The vast majority comes from Mexican migrants and workers in the United States.
Compare MXN corridors
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Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.