1 CAD to MXN - Convert Canadian Dollar to Mexican Peso

Looking at the 30-day window, the CAD/MXN pair traded in a range of 12.0824 to 12.8668. The monthly average was 12.4470 with 1.97% volatility. The relatively low volatility indicates stable trading conditions for the CAD/MXN currency pair.

The current mid-market exchange rate is 1 CAD = 12.4772 MXN, updated as of June 4, 2026, 2:34 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Canadian Dollar to Mexican Peso Exchange Rate

CAD/MXN connects the two USMCA partners that flank the United States. Canada and Mexico's economic relationship is defined by their shared integration into North American supply chains through NAFTA (now USMCA). Canadian auto parts cross into Mexican assembly plants. Mexican agricultural products fill Canadian supermarkets in winter. Both economies are heavily influenced by US demand, making CAD/MXN a uniquely North American cross-rate.

The USMCA Triangle

USMCA (United States-Mexico-Canada Agreement) creates a unified North American market where goods, parts, and materials cross borders with minimal tariffs. Canadian steel becomes Mexican car bodies. Mexican tomatoes become Canadian winter salads. The trilateral supply chain is so integrated that separating the Canadian and Mexican economies from the American one is practically impossible. CAD/MXN reflects the relative performance of Canada's resource-driven economy versus Mexico's manufacturing and nearshoring boom. When oil prices rise, CAD tends to strengthen. When nearshoring accelerates (companies moving production from Asia to Mexico for US market access), MXN strengthens. Canadian snowbirds who winter in Mexico's Pacific coast (Puerto Vallarta, Mazatlan, San Miguel de Allende) create seasonal CAD/MXN conversion demand from November through April. Over 2 million Canadians visit Mexico annually, making it one of Canada's top tourist destinations. Canadian retirees in Mexico live on pension income converted monthly from CAD to MXN. Mexican agricultural workers in Canadian farms under the Seasonal Agricultural Worker Program earn CAD and send remittances home in pesos. Each of these people flows creates its own conversion demand pattern layered on top of the commercial trade relationship.

What Drives the CAD/MXN Rate

Bank of Canada and Banxico interest rate decisions, oil prices (CAD), nearshoring investment (MXN), USMCA trade flows, US economic data (both countries' largest partner), and seasonal tourism patterns are the main drivers. Mexico's higher interest rates have supported the peso against the Canadian dollar in recent years.

What a Conversion Really Costs

Banks charge 2-3.5%. Online services offer 0.5-2%. In Mexico, exchange offices handle CAD at 0.5-2% though USD gets tighter spreads. For Canadian snowbirds, a no-fee card provides the best rates for daily spending. For seasonal agricultural worker remittances, dedicated services offer competitive rates from Canada to Mexico. The corridor is well-served due to high tourism and migration volumes between the two countries.

How to Get the Best CAD to MXN Rate

Use a no-fee card in Mexico. Compare the mid-market rate on this page. In Mexico, USD may get tighter cash spreads than CAD. Online services are cheapest for transfers. For snowbirds, automated monthly conversion eliminates manual rate-checking during the winter season.