1.5 Million Pesos to US Dollars (2024)

FAQs

How to easily convert pesos to U.S. dollars? ›

In order to do this, you need to know the current exchange rate. At the time of writing, 1 MXN is worth 0.05 USD. Once you know that information, multiply the amount you have in pesos by the current exchange rate. The resulting number will show you the amount of U.S. dollars that you have to spend on your trip.

With today's exchange rates, $100 USD is about $1,900 – $2,000 MXN. Compared to wages, $1,900 MXN is about weeks' worth of salary for most manual labor jobs outside the major cities of Mexico. So for locals that have basic day labor jobs, it is a decent amount of money.

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

US Dollar to Mexican Peso Exchange Rate is at a current level of 19.00, up from 18.64 the previous market day and up from 17.34 one year ago. This is a change of 1.92% from the previous market day and 9.60% from one year ago.

What is considered a dollar in Mexico? ›

1 USD = 19.035751 MXN Aug 12, 2024 17:36 UTC

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.

They're not THAT rare, I bet you could walk into any mexican bank and get one. However, people don't usually walk around with over $1,000 pesos in their pocket. We don't call them “bank notes”, we call them billetes (bee-yeh-tez), which means bill, as in a dollar bill or a hundred dollar bill.

Mid-range Travellers. Those with a little more money to spare may find that an average daily budget of $2,400 Mexican Pesos (MXN) is the perfect amount. This will get you a comfortable mid-range hotel room, allow you to travel by taxi, and give you the opportunity to enjoy three-course meals in most restaurants.

Using your bank's ATM, or an ATM in its network, and exchange providers like Travelex are common options. Another option is to use companies such as Wise, which specializes in currency transfers and offers a debit card.

Is it better to exchange money in US or Mexico? Whether you exchange money at US banks or Mexican banks, rates will be costly. The better option is to use Wise to exchange and hold Mexican Pesos with no hidden fees, which can be done instantly and digitally from your smartphone.

Banks will usually charge a transaction fee for exchanging currency. You'll either pay a flat fee or a variable fee. It depends on the amount and type of currency. A bank representative will guide you through the steps of buying currency at your appointment.