1 MXN to USD - Convert Mexican Peso to US Dollar

Looking at the 30-day window, the MXN/USD pair traded in a range of 0.056100 to 0.059400. The monthly average was 0.057730 with 1.63% volatility. This downward movement of 2.6% suggests significant momentum in the MXN/USD exchange rate.

The current mid-market exchange rate is 1 MXN = 0.057721 USD, updated as of June 4, 2026, 1:04 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.

Mexican Peso to US Dollar Exchange Rate

MXN/USD matters for Mexican exporters, the growing number of American retirees living in Mexico, and anyone tracking the peso's performance against the world's reserve currency.

The Super Peso Surprise

Between 2022 and early 2024, the Mexican peso strengthened dramatically against the dollar, earning the nickname "super peso." While most emerging market currencies were weakening, the peso gained over 15%. The reason was Mexico's high interest rates, which at times exceeded 11%, attracting carry trade flows from global investors. Combined with strong remittance inflows and nearshoring investment as companies moved factories closer to the US, the peso outperformed virtually every other currency in the world. It was one of the most unexpected currency stories of the decade.

What Drives the MXN/USD Rate

Banxico interest rates, US economic conditions, remittance volumes, nearshoring investment, and oil prices are the core drivers. Political developments in Mexico, including judicial and energy reforms, also move the peso.

What a Conversion Really Costs

MXN/USD is the most liquid emerging market pair in the Americas. Banks charge 1-3%. Digital services offer 0.3-1% above mid-market. For Americans living in Mexico on dollar income, the choice of conversion provider directly affects monthly spending power.

How to Get the Best MXN to USD Rate

Check the mid-market rate on this page. For regular conversions, digital services and fintech apps offer the best combination of rate and convenience.