Convert Canadian Dollar to Mexican Peso
CAD to MXN Exchange Rate Calculator
1 Canadian Dollar (CAD) = 12.4902 Mexican Peso (MXN) at the live mid-market rate. That means $100 CAD converts to roughly 1,249.02 MXN, and $1,000 CAD converts to about 12,490.20 MXN. The CAD/MXN rate refreshes every hour from Frankfurter, which sources data from the European Central Bank reference set. Enter any amount below to convert instantly — free, no sign-up.
90-day CAD/MXN context
Over the past 90 days, CAD/MXN has traded between 12.4902 and 13.1524. The current rate of 12.4902 sits roughly 0% through that range — near the lower end, meaning Mexican Peso has been stronger than typical against Canadian Dollar recently. Versus the rate 90 days ago, Canadian Dollar has weakened by 3.50% 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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- 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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Exchange rates refresh hourly · Sourced from institutional-grade data providers