Did you know that 1 US dollar is worth about 18.6693 Mexican pesos right now? This info is key for anyone planning trips, making purchases, or doing online deals with both currencies. Knowing how to turn USD into MXN is essential, considering things like mid-market rates and fees that can change your total amount.
With tools like Xe Currency Converter and exchange-rates.org, you can make smart choices. Let’s look closer at the current exchange rate and find the best ways to convert your money.
Key Takeaways
- The current exchange rate for 1 USD is approximately 18.6693 MXN.
- Average exchange rates over the last month have fluctuated around 0.053456.
- High points in recent trends have reached up to 0.055724.
- Credit card companies may charge around 1% on foreign transactions.
- Avoid airport currency exchanges to steer clear of high fees.
- Using a reputable currency converter can save you money.
Understanding the USD to MXN Exchange Rate
The exchange rate between the USD and MXN is key for both Mexico and the US economies. It’s a top currency pair, vital for travel, investment, or business planning. Here’s a look at today’s rate and its history.
Current Exchange Rate Overview
Today, the USD to MXN exchange rate is 18.670, with a 0.171% change from yesterday. It has swung between 19.060 and 18.618 this week. Over the past week, the USD fell by -2.050%.
Recent economic news has influenced the rate, making it change. This shows how important the USD MXN rate is for many.
Historical Trends of USD to MXN
Looking back, the USD to MXN rate has seen big changes. It hit a peak of 19.5901 on August 7, 2024, and a low of 16.3280 on April 9, 2024. Over the last six months, the average rate was about 17.4862.
Over ten years, the USD has gone up by 26.65% against the peso. This shows how volatile the exchange rate can be due to many factors.
| Date | USD to MXN Rate |
|---|---|
| August 7, 2024 | 19.5901 |
| August 13, 2024 | 19.0600 |
| August 19, 2024 | 18.6180 |
| April 9, 2024 | 16.3280 |
| Last 6 Months Average | 17.4862 |
Tools for Converting USD to MXN
There are many tools to help you change your currency from USD to MXN easily. These tools make it simple to understand the current exchange rates. This makes converting currency a breeze.
Currency Converter Options
Many websites offer reliable currency converters. For example, xe.com and Instarem have easy-to-use currency converter tools. You can just enter the amount you want to convert. Then, the USD to MXN calculator will show you the peso value instantly.
These tools give accurate conversions and offer competitive rates. Some even update in real-time.
Real-Time Currency Charts
It’s important to know market trends. USD to MXN charts show historical data and rate changes. They help you see how the USD and MXN have moved over time.
You can look at recent trends, check how stable the rate is, and make better decisions. Real-time currency charts are great for investors or travelers.
Conclusion
Knowing how the USD to MXN exchange rate works is key in today’s economy. When you plan to change US dollars to Mexican pesos, understanding current rates and past trends helps. This knowledge is useful for both personal trips and business deals.
Since the start of 2023, the Mexican peso has gotten stronger by 12% against the US dollar. This shows how market changes can affect what you can buy. Mexico’s economy is growing at 3.3%, and interest rates have gone up to 11.25%. These factors make it a good time to switch currencies.
Experts predict different things for the USD to MXN rate next year. It’s important to keep up with these changes. Using tools that give real-time data can help you make the most of your money.
Remember, the value of the USD to MXN can change a lot every day. Sometimes, it can change by thousands of pips. Using trusted sources can help you switch money wisely. For more tips and tools, check out this guide on converting US dollars to Mexican pesos.