Canadian Dollar to Mexican Peso (CAD to MXN)
European Central Bank reference rate for : 1 CAD = 13.5358 MXN, so 100 CAD = 1,353.58 MXN. The converter above uses live market rates, which can differ slightly. Banks and money-transfer services add their own margin on top.
90-day CAD/MXN context
Over the past 90 days, CAD/MXN has traded between 12.2091 and 13.5358. The current rate of 13.5358 sits roughly 100% through that range — near the upper end, meaning Mexican Peso has been weaker than typical against Canadian Dollar recently. Versus the rate 90 days ago, Canadian Dollar has strengthened by 9.41% against Mexican Peso.
CAD/MXN Price History
Interactive CAD/MXN exchange rate chart with 7-day, 30-day, and 90-day views.
About Canadian Dollar (CAD)
The Canadian Dollar (CAD) is the official currency of Canada and the sixth-most-held reserve currency. Nicknamed the "Loonie" after the loon on the C$1 coin, it is a commodity currency driven primarily by crude oil prices and US cross-border trade, which accounts for roughly 75% of Canadian exports.
- •Canada is the world's fourth-largest crude oil producer
- •Roughly 75% of Canadian exports go to the United States
- •Bank of Canada (BoC) sets the overnight rate and targets 2% CPI inflation
- •USD/CAD is often called the "Loonie" among traders
- •Canada and the US are connected by the USMCA trade agreement (replaced NAFTA in 2020)
About Mexican Peso (MXN)
The Mexican Peso (MXN) is the official currency of Mexico and the most-traded currency in Latin America. Nicknamed "the Mex" among FX traders, MXN benefits from high real yields and deep onshore liquidity, making it a perennial favourite in emerging-market carry trade strategies.
- •Most-traded emerging-market currency in the Americas
- •Banxico (Bank of Mexico) targets 3% CPI inflation (±1%)
- •Remittances from the US to Mexico exceeded $63 billion in 2024
- •USMCA (formerly NAFTA) links Mexico deeply to US trade
- •The "$" symbol originated with the Spanish peso before being adopted by the US Dollar
Frequently Asked Questions
How do commodity prices affect CAD/MXN?
CAD is a commodity-linked currency — its movements correlate closely with WTI crude oil prices. Rising commodity prices typically strengthen CAD and move CAD/MXN accordingly.
What is a typical daily range for CAD/MXN?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move CAD/MXN the most?
The biggest scheduled catalysts are BoC rate decisions, Canadian employment data, and WTI crude movements and Banxico decisions and US-Mexico trade headlines. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert CAD to MXN at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market CAD/MXN than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the CAD/MXN rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market CAD/MXN rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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More on CAD and MXN
Country money guides, key terms, rate history, and articles related to CAD/MXN.
Country guides
Glossary
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- Spread (Forex)The spread is the difference between the buy (ask) price and the sell (bid) price of a cur…
- Safe-Haven CurrencyA safe-haven currency is one that investors buy during periods of global financial stress,…
Rate history
- USD/MXN historyUSD/MXN is the world's most-traded emerging-market currency pair, dominated by the US-Mexico economic relationship — over 80% of Mexican exports go to the US under USMCA
- USD/CAD historyUSD/CAD ("Loonie" in forex slang) is the world's second-most-traded commodity-currency pair after AUD/USD
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Background on Canadian Dollar, Mexican Peso, and the forces that move CAD/MXN.
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Live converter rates come from Open Exchange Rates (refreshed hourly), with the European Central Bank reference rates via Frankfurter as a fallback. Page text and the 90-day figures use the ECB reference rates, published once per working day. How we check accuracy