516 MXN to USD Exchange Rate Today - Mexican Peso/US Dollar (2024)

What is the Mexican Peso worth against the US Dollar today?

1 MXN is worth 0.056 USD today

How much is 516 MXN worth in USD?

At the current exchange rate of 0.056 , a sum of 516 Mexican Peso is worth 28.896 US Dollar.

Which currency is stronger? MXN or USD?

The US Dollar is currently stronger than the Mexican Peso given that 1 USD is equal to 17.857 MXN. Conversely, 1 MXN is worth 0.056 USD.

Overview of MXN to USD Performance and Trends

Today, to buy 516 Mexican Peso, you need 28.896 US Dollar. On the same date last year, you needed 29.93 US Dollar for 516 Mexican Peso. This change indicates that the Mexican Peso has lost value against the US Dollar by 3.45% over the past year.

The pair experienced high volatility of 12.96%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

MXN to USD Currency Performance and Volatility

Last 7 Days

• Performance: $516 varied between $0.055 (weekly low) and $0.059 (weekly high), a variance of $0.004 .
• Volatility: Fluctuated by 7.27%.

Last 30 Days

• Performance: $516 varied between $0.055 (30-day low) to $0.06 (30-day high), a variance of $0.005 .
• Volatility: Fluctuated by 9.09%.

Last 90 Days

• Performance: $516 varied between $0.056 (90-day low) to $0.061 (90-day high), a variance of $0.005 .
• Volatility: Fluctuated by 8.93%.

Last Year

• Performance: $516 ranged from $0.054 (yearly low) to $0.061 (yearly high), a variance of $0.007 .
• Volatility: Fluctuated by 12.96%.

MXN to USD Forecast and trending

Is the Mexican Peso going up or down against the US Dollar?

Today's MXN to USD exchange rate (0.056) is smaller compared to yesterday's rate (0.057).

Understanding MXN to USD Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Mexican Peso to US Dollar, to send a payment, for a trip overseas, when shopping online or to hold a balance in US Dollar.

How to convert MXN to USD?

You can convert Mexican Peso to US Dollar either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your US Dollar in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in Mexican Peso cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your US Dollar in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in Mexican Peso you want to send, or the amount in US Dollar you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in US Dollar

How to get the best MXN to USD exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best MXN to USD exchange rate for your specific transaction.

Get to know the MXN/USD mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the MXN/USD mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Mexican Peso and US Dollar. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Mexican Peso with US Dollar?

You'll be able to exchange US Dollar to Mexican Peso in the same way as you'd exchange Mexican Peso to US Dollar. If you have US Dollar in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for US Dollar. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Mexican Peso in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange MXN to USD?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Most popular currency pairings for MXN (Mexican Peso)

Most popular currency pairings for USD (US Dollar)

Most popular currency rates

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Frequently asked questions when converting Mexican Peso to US Dollar (MXN to USD)

How much is the Mexican Peso to US Dollar?

The Mexican Peso to US Dollar exchange rate today is 0.056 . Use this guide to learn more about exchanging MXN to USD in the easiest and best value way for your specific needs.

How much is 516 Mexican Peso to the US Dollar?

The MXN to USD rate today is 0.056 . That means that 516 Mexican Peso would be worth 28.896 US Dollar.

How to exchange Mexican Peso to US Dollar?

Exchange MXN to USD in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including MXN to USD.

How to send money to USA?

If you want to send money from Mexico - or anywhere else in the world - to USA, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to USA - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like US Dollar and Mexican Peso on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live Mexican Peso to US Dollar exchange rate with our handy tools, to help you compare your options.

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