Convert Mexican Peso to Canadian Dollar
MXN to CAD Exchange Rate Calculator
1 Mexican Peso (MXN) = 0.0801 Canadian Dollar (CAD) at the live mid-market rate. That means $100 MXN converts to roughly 8.01 CAD, and $1,000 MXN converts to about 80.06 CAD. The MXN/CAD 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 MXN/CAD context
Over the past 90 days, MXN/CAD has traded between 0.0760 and 0.0800. The current rate of 0.0801 sits roughly 102% through that range — near the upper end, meaning Canadian Dollar has been weaker than typical against Mexican Peso recently. Versus the rate 90 days ago, Mexican Peso has strengthened by 2.87% against Canadian Dollar.
MXN/CAD Price History
Interactive MXN/CAD exchange rate chart with 7-day, 30-day, and 90-day views.
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
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)
Frequently Asked Questions
How do commodity prices affect MXN/CAD?
CAD is a commodity-linked currency — its movements correlate closely with WTI crude oil prices. Rising commodity prices typically strengthen CAD and move MXN/CAD accordingly.
What is a typical daily range for MXN/CAD?
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 MXN/CAD the most?
The biggest scheduled catalysts are Banxico decisions and US-Mexico trade headlines and BoC rate decisions, Canadian employment data, and WTI crude movements. 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 MXN to CAD at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market MXN/CAD 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 MXN/CAD rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market MXN/CAD 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…
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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