1 USD to MXN - Convert US Dollar to Mexican Peso

Over the last 7 days, the USD to MXN exchange rate moved between 16.8705 and 17.7876. The average rate for the week was 17.3382, with a volatility of 1.64%. The US Dollar strengthened against the Mexican Peso by 2.6% during this period.

Looking at the 30-day window, the USD/MXN pair traded in a range of 16.6302 to 17.8176. The monthly average was 17.2256 with 1.91% volatility. This upward movement of 3% suggests significant momentum in the USD/MXN exchange rate.

The current mid-market exchange rate is 1 USD = 17.3031 MXN, updated as of June 3, 2026, 11:41 PM 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.

US Dollar to Mexican Peso Exchange Rate

USD/MXN is the most traded currency pair in Latin America. The US and Mexico share a 3,145-kilometer border and a deeply integrated economic relationship. Mexico is America's largest trading partner by volume, and the flow of goods, services, and remittances between the two countries makes this exchange rate one of the most practically important in the Western Hemisphere.

$60 Billion in Remittances Every Year

Mexico is the second-largest remittance recipient in the world after India. Over $60 billion flows from the US to Mexico annually, mostly from Mexican workers in construction, agriculture, hospitality, and manufacturing. For millions of families, the USD/MXN rate literally determines their standard of living. A shift of one peso on a $500 monthly remittance might not sound like much, but over a year and across millions of senders, it moves billions of pesos in purchasing power.

What Drives the USD/MXN Rate

Mexico's central bank (Banxico) interest rate decisions are critical. Mexico has maintained relatively high rates in recent years, which has attracted foreign investment and supported the peso. US economic data matters directly since the US buys about 80% of Mexican exports. Oil prices play a role too, as Mexico is a significant producer. Political developments, nearshoring trends, and USMCA trade policy shifts also move the pair.

What a Conversion Really Costs

The US-Mexico remittance corridor is one of the most competitive in the world, which benefits senders. Traditional money transfer shops charge 1-3% markup. Digital services now offer rates within 0.2-0.7% of mid-market with fees under $5. Banks remain the most expensive option at 2-4% markup. On a $1,000 transfer, the difference between the cheapest and most expensive option can be $30-40.

How to Get the Best USD to MXN Rate

This is one of the most competitive corridors for transfers, so shop around. Compare your provider against the mid-market rate here. For regular remittances, digital apps consistently offer the best combination of rate and speed. Avoid exchanging cash at the border or at airports.