Canadian Dollar Vs. Mexican Peso Exchange Rate

It is always a good idea to know what the market exchange rate is before attempting to exchange money from one currency to another. When traveling, you will find the exchange rate at different locations will vary significantly.

Resource

You can obtain the current currency exchange rate at Yahoo Finance. The currency converter will allow you to find an accurate exchange rate for any pair of currencies.

History

In September 2009, the exchange rate was 12.3 Mexican pesos for each Canadian dollar. In 2009, the exchange rate has fluctuated from 11 to 12.4 with an upward trend throughout the year.

Considerations

Before changing money while traveling, check several locations for the best rate. Money changers often vary significantly from each other. Only change the amount of money you think you will need. Changing back to your original currency will not be at the same rate.

Warning

Airports are a terrible place to change money. Airport exchange booths usually have the largest buy/sell spreads. Change enough money at your bank to cover initial expenses when arriving in a foreign country.

Potential

Use your credit or debit card to withdraw pesos from a Mexican ATM. The exchange rates are usually very favorable. Check with your bank before traveling about currency exchange fees.

References

• Peso Exchange Rate
• Mexican Exchange Information

Resources

• Yahoo Finance Currency Converter