CAD to MXN Exchange Rate: Canadian Dollar to Mexican Peso

Anyone planning a trip to Mexico has likely wondered: how many pesos will one Canadian dollar buy today? The answer changes every day, sometimes by a lot.

Mid-market rate (Investing.com): 12.48 MXN per CAD · 100 CAD converts to: 1,248 MXN · 500 CAD converts to: 6,241 MXN · 1,000 CAD converts to: 12,481 MXN

Five key numbers tell the story of the CAD/MXN rate right now.

How much are $100 Canadian in Mexican pesos?

At the current mid-market rate of 12.48 MXN per CAD, 100 Canadian dollars convert to 1,248 Mexican pesos. But the rate you actually get depends on where and how you exchange.

Convert 500 CAD to MXN

• 500 CAD × 12.48 = 6,241 MXN (mid-market, Investing.com)
• At BBVA’s bank rate of 14.36, you’d get 7,180 MXN – a difference of 939 MXN (BBVA México)

The gap between the mid-market and bank rates shows why it pays to compare. For 500 CAD, the range spans nearly 15%.

Convert 1,000 CAD to MXN

• 1,000 CAD × 12.48 = 12,481 MXN (mid-market, Investing.com)
• Using Revolut’s live rate of 13.9603, you’d get 13,960 MXN – 1,479 MXN more (Revolut)
• WorldRemit’s rate of 12.34 would give 12,340 MXN (WorldRemit)

The implication: for larger sums, even small rate differences add up to hundreds of pesos. Always check at least two providers.

How to calculate the conversion manually

1. Find the current mid-market rate (e.g., 12.48 from Investing.com).
2. Multiply your CAD amount by that number: amount × rate = MXN.
3. Apply any fees or spread – subtract those from the result.

BBVA México explains the basic method: multiply the CAD amount by the current CAD/MXN rate. Their example: 100 CAD × 13 = 1,300 MXN.

What is the exchange rate at Elektra in Mexico today?

Elektra, a Mexican retail chain known for competitive cash exchange, does not publish live rates online. However, its rates are typically close to the mid-market, often beating banks. BBVA México notes that bank rates can be significantly higher – their own example is 14.36 MXN per CAD, compared to the 12.48 mid-market.

Compare Elektra rate with bank rates

• Elektra (typical): near mid-market – may offer 12.40–12.60 MXN per CAD (estimate based on BBVA Mexico’s comparison)
• BBVA bank rate: 14.36 MXN per CAD (BBVA México)
• Wise digital rate: 12.87 MXN per CAD (Wise)
• Remitly promotional rate: 13.04 MXN per CAD for first transfer (Remitly)

The spread between the best (mid-market) and worst (bank) rates can exceed 2 MXN per CAD – meaning 2,000 MXN more for every 1,000 CAD exchanged.

How to find the best rate in Mexico

• Check exchange houses (casas de cambio) in Mexican airports and tourist areas – compare their displayed rates manually.
• Use an online comparison tool like XE or Revolut to get a benchmark before you travel.
• For larger amounts, consider a digital transfer service – Ria Money Transfer shows 1 CAD = 12.53854 MXN.

The pattern: convenience costs. Bank teller exchanges often come with the worst rates, while digital platforms and exchange houses offer significantly better value.

Why is the Canadian dollar dropping?

Data from Wise shows the mid-market rate has moved from a six-month average of 12.9830 down to 12.87 MXN per CAD – a modest decline. The reasons involve several factors, though none are definitively pinned down by a single source.

Impact of oil prices on CAD

• Canada is one of the world’s largest oil exporters. When crude prices fall, the Canadian dollar often weakens (Investing.com market overview).
• The correlation is not perfect – other factors like global demand and trade policy play a role.

According to analysts cited by XE, the energy link is a primary driver of CAD/MXN movements. When oil slides, the peso gains.

Bank of Canada interest rate decisions

• Higher interest rates typically strengthen a currency. The Bank of Canada’s recent rate holds have kept CAD steady, but expectations of cuts could pressure it.
• Investing.com central bank news tracks BoC announcements that affect the CAD/MXN pair.

The trade-off: If the Bank of Canada cuts rates to stimulate the economy, the Canadian dollar could weaken further – meaning more pesos per CAD for travelers, but less purchasing power for Canadians abroad.

US dollar strength and trade relations

• A strong US dollar pulls capital away from commodity currencies like CAD (XE currency analysis).
• Trade tensions between the US and Canada – such as tariff disputes – can also weigh on the loonie.

Why this matters: For anyone sending money from Canada to Mexico, a weaker CAD means fewer pesos. Monitoring these three factors can help you time your conversion better.

What we know and what’s unclear about CAD/MXN rates

What travelers and senders are asking

“Al día de hoy, el dólar canadiense está en 14.36 pesos mexicanos.”

– BBVA México, in a financial education article explaining conversion (source)

“The mid-market rate is 1 CAD = 12.87 MXN, and the six-month average was 1 CAD = 12.9830 MXN.”

– Wise, from its CAD-to-MXN rate history page (source)

“Revolut’s CAD-to-MXN converter shows a live rate around 1 CAD = 13.9603 MXN, with applicable fees disclosed.”

– Revolut, currency converter (source)

These three sources illustrate the real-world range: from 12.48 (mid-market) to 14.36 (bank rate). The difference of nearly 2 MXN per CAD means a traveler exchanging 1,000 CAD could lose up to 1,880 MXN by choosing the wrong provider.

For travelers and money senders, the choice is clear: use a digital service like Wise or Revolut for transfers, and compare cash exchange houses like Elektra when in Mexico. Avoiding bank teller counters could save you enough for several meals on your trip.

For a detailed breakdown of the current CAD to MXN exchange rate, including mid-market rates and transfer fees, this guide offers practical insights for anyone sending money from Canada to Mexico.

Frequently asked questions