CAD to MXN

CAD to MXN explained

This page brings together the rate for Canadian Dollar (CAD) and Mexican Peso (MXN), together with the prices that banks, money apps and exchanges actually ask. At the latest update on October 31, 2026, 1 CAD buys 13.4906 MXN, and one MXN equals 0.074125 CAD.

The rate shown above is the interbank mid rate. It is calculated as the middle of what wholesale traders pay for CAD and what they ask for it. It works as a neutral benchmark: it contains no profit margin and no fees, which is exactly why consumers almost never receive it in full.

What ends up on the MXN side comes down to two separate costs: the margin a provider adds to that rate and any fixed or percentage fee. Below the converter and chart we take those costs apart, show how they add up on a real amount and share simple habits to keep more of your money when you swap Canadian Dollar for Mexican Peso.

How we rank providers for CAD to MXN

Our starting point is the current mid-market rate. We then apply each provider’s published fees and exchange rate margin, and work out how much MXN the recipient would end up with. We do this for 8 providers, ranked from most to least received.

The figures refresh every half hour, so the page reflects the market of October 31, 2026. Always check the final quote in the provider’s app or website, since markets keep moving, especially when markets are busy.

GoldexPay is independent. Some links on this page are affiliate links, which help fund our work. The order is never affected by them: the provider that delivers the most MXN comes first, whether or not we have a link to it.

The CAD/MXN rate over twelve months

Across the last year, the CAD/MXN rate has changed by +2.06%. During that year the highest level was 13.4906 MXN for one CAD, and the low point came in at 12.2157. Today’s rate of 13.4906 is easy to place within that band.

The distance between the high and the low puts the movement into real terms. When you convert a substantial sum, the moment you choose can make a noticeable difference to what arrives, even when the fee stays the same.

The rate reflects central bank policy, economic data and shifts in risk appetite. The statistics here are historical, not a forecast. If timing matters to you, use an alert or limit order rather than a hunch.

Practical ways to save on CAD/MXN

Compare the total cost, not the fee alone. A provider with a low fee can still be expensive if the rate is poor. The number that matters is the MXN amount after every cost, and that already includes both the markup and the fee.

When you pay by card abroad, you may be asked whether to pay in CAD or in the local currency. The trade name for this is dynamic currency conversion. It usually comes with a steep markup. Always opt to pay in the local currency so your bank or card issuer handles the exchange.

Timing can also matter. Rates quoted on a Saturday or Sunday can include a weekend surcharge. If you are not in a hurry, an alert tells you when the rate hits a level you are happy with. It saves you from checking the rate every day, though there is no guarantee the rate will get there.

Finally, look at how you pay. Paying by credit card can trigger extra charges, and a plain bank transfer is normally the low-cost option. Combining several small payments into one larger transfer also cuts the impact of fixed fees.

Exchange rate markup and fees on CAD/MXN

Nearly every bank and app will not give you the rate of 13.4906 itself. Instead they quote a slightly worse rate and keep the difference. This is known as the spread. A markup of 2%, for example, means that about 2 out of every 100 CAD never reach the recipient.

On top of the margin, many providers charge an explicit fee. This is usually a flat charge per payment, a percentage of the amount or a mix of both. On classic bank transfers abroad the receiving or intermediary bank sometimes deducts a charge too, so the recipient gets less than you expected.

Be wary of anything sold as commission-free. In many cases the margin in the rate simply does the work of the fee. The reliable test is the final MXN figure for the same amount of CAD, which is how the table above is sorted.

Safety checks before you convert CAD to MXN

Make sure the provider is licensed. Look for authorisation from the FCA in the UK or the financial regulator in your own country. Regulated firms have to safeguard client funds.

Check names and account details twice. An international payment is hard to reverse once it is sent. Unexpected changes to payment details are a classic warning sign: confirm by phone using a number you already know.

Big sums usually trigger extra verification. You may need to show proof of the source of funds, like a statement or a sales contract. Some services offer better rates or a personal contact for larger transfers. A rate lock, where offered, removes uncertainty while the money is on its way.

CAD and MXN around the world

Canadian Dollar is the currency of Canada. Mexican Peso is what people pay with in Mexico. Knowing this helps when you plan a trip, pay an invoice or send money to family.

There are plenty of everyday reasons to convert CAD to MXN: paying suppliers, supporting relatives, buying property or simply travelling. What suits one case may not suit another: a one-off large payment benefits most from a sharp rate, whereas frequent smaller payments suffer more from flat charges.

The way money is paid out also differs per country. Account formats differ: IBAN in one place, account and routing numbers in another and in certain countries cash pickup or mobile money is common. Check which details the provider needs before you start.

Choosing a route to send MXN

Your regular bank usually sends the money via the SWIFT system. Your transfer may hop between several banks before it arrives, and each can take a fee. Delivery usually takes one to several working days, with the full cost not always known upfront.

Many money transfer apps use a different model. They keep money in accounts in both regions, so no money physically crosses the border: you pay in locally and the recipient is paid out locally. The result tends to be quicker and less expensive, and you see exactly what will arrive before you confirm.

How fast a transfer really is depends on more than the provider: how you pay, the time of day, cut-off times and bank holidays in both countries. The very first payment may be slower while identity checks are done. Finish verification in advance if the money has to arrive on a set date.

A worked example with 1,000.00 CAD

Take a conversion of 1,000.00 CAD. Converted at the pure mid-market rate (13.4906), that sum sets the ceiling for what the recipient could get. In practice nobody hands over that full amount, as costs are deducted somewhere in the process.

Of the 8 providers we compared, Revolut came out cheapest for this amount: the recipient gets 13,423.19 MXN at the time of our last update. The gap between 13,423.19 MXN and the theoretical maximum is what the conversion actually cost you.

Note that rankings shift with the amount you send. Fixed fees weigh heavily on small sums, whereas the margin in the rate becomes the bigger cost on larger transfers. Run your own figure through the converter and check whether the order changes.