Convert Pesos to CDN in 2 Simple Steps

Step 1: Get the Current Exchange Rate

• Visit a currency converter website or app, such as XE Currency Converter or Google Currency Converter.
• Enter the amount of pesos you want to convert.
• Select "MXN" (Mexican pesos) as the currency you're converting from and "CAD" (Canadian dollars) as the currency you're converting to.

Step 2: Calculate the Amount in CAD

• Multiply the peso amount by the current exchange rate. For example, if the exchange rate is 1 CAD = 12.5 pesos, and you want to convert 1,000 pesos, the calculation would be:
• 1,000 pesos x 1 CAD / 12.5 pesos = 80 CAD

Live Exchange Rate Charts

Historical Exchange Rate Data

Strategies for Getting the Best Exchange Rate

• Compare exchange rates from multiple providers. Currency exchange rates can vary significantly between banks, currency exchange services, and online platforms.
• Check the exchange rate during different times of day. Exchange rates fluctuate throughout the day, so check the rate at different times to see if you can get a better deal.
• Consider using a currency converter tool. Some online tools allow you to set up alerts to notify you when the exchange rate reaches a desired level.
• Negotiate with the bank or currency exchange service. If you're exchanging a large amount of currency, you may be able to negotiate a better exchange rate.

Common Mistakes to Avoid

• Assuming that exchange rates are fixed. Exchange rates can change rapidly, so always check the current rate before converting currency.
• Not comparing exchange rates. Don't just go with the first exchange rate you find. Take the time to compare rates from multiple providers to get the best deal.
• Making large currency exchanges at the airport. Airport exchange rates are typically higher than rates at other locations.
• Using your credit card to withdraw cash. Credit card companies often charge high fees for foreign currency withdrawals.

Pros and Cons of Pesos vs. CAD

Pros of Pesos:

• Lower exchange rates than CAD in many countries
• Widely accepted in Mexico and other Latin American countries

Cons of Pesos:

• May be difficult to exchange in some countries outside of Latin America
• Fluctuating exchange rates

Pros of CAD:

• Stable currency
• Widely accepted in Canada and internationally
• Low inflation rate

Cons of CAD:

• Higher exchange rates than pesos in many countries
• Not as widely accepted in Latin America as pesos