CAD to MXN Rate Today: Live Canadian Dollar to Mexican Peso

Anyone who’s ever tried to move Canadian dollars to Mexican pesos knows the drill: one rate on Google, another at the bank, and yet another at the airport kiosk. The gap between the mid-market rate and what you actually get can stretch into hundreds of pesos on larger transfers. Right now, the mid-market rate sits at 12.53 MXN per CAD Trading Economics (financial data platform), but what you’ll pay depends on where you go. This guide walks through live retail rates at Mexican exchange houses, online services like Wise, and what the forecast says for 2025–2026.

Current mid-market rate (1 CAD to MXN): 12.53 Trading Economics ·
100 CAD to MXN: 1,253 MXN ·
1,000 CAD to MXN: 12,530 MXN

How much is $1000 Canadian in Mexican pesos?

Three numbers matter when converting 1,000 CAD: the mid-market rate, what online services offer, and what a Mexican bank charges. At the mid-market rate of 12.53 MXN per CAD, $1,000 CAD equals 12,530 MXN. Wise, the popular online transfer service, shows a rate of 12.88 — meaning $1,000 CAD would convert to approximately 12,880 MXN using their service Wise currency conversion platform. Meanwhile, major Mexican banks like BBVA add a wider margin: 1 CAD = 14.36 MXN, which would give you 14,360 MXN for the same $1,000 — but that rate comes with higher fees built in.

Current conversion rates for common amounts

• $100 CAD → 1,253 MXN (mid-market) / 1,288 MXN (Wise) / 1,436 MXN (BBVA bank rate)
• $500 CAD → 6,265 MXN / 6,440 MXN / 7,180 MXN
• $1,000 CAD → 12,530 MXN / 12,880 MXN / 14,360 MXN

Four amounts, one pattern: the gap between mid-market and bank retail is the widest, with online services falling in the middle. The catch is that exchange rate margins compound with larger sums — a 2% difference on $1,000 CAD costs you roughly 250 MXN.

Using online converters (Wise, XE)

Wise and XE both offer free online calculators that show the live mid-market rate. Wise’s calculator explicitly states: “100 CAD = 1,250.59 MXN” using their mid-market reference Wise online transfer platform. XE’s page, while less transparent about its source, is widely used by travelers and remittance senders XE currency conversion site. Neither charges a visible markup on the rate shown — the fee is included in the final transfer cost.

Factors affecting the rate

The CAD/MXN rate moves on three main levers: oil prices (Canada is a major exporter), interest rate decisions from the Bank of Canada and Bank of Mexico, and broader US economic sentiment. A 1% move in oil can shift CAD/MXN by 0.5–0.8% Trading Economics market data provider. The Bank of Canada’s policy rate — currently at 3.75% — directly influences the Canadian dollar’s strength Bank of Canada central bank.

The implication: the mid-market rate is a theoretical floor; consumers pay a premium that varies sharply by channel, with banks charging the steepest markup.

How did the Canadian dollar open today?

The Canadian dollar opened the trading session at 12.5325 MXN today, according to Trading Economics. That’s effectively unchanged from yesterday’s close of 12.5360. Over the past month, CAD/MXN has lost 1.51%, and over the last 12 months it has dropped 5.83% Trading Economics. The pair is currently range-bound between 12.20 and 12.80 for the short term, with no clear breakout signal.

Today’s opening rate vs previous close

• Open: 12.5325 MXN
• Previous close: 12.5360 MXN
• Daily change: -0.03%
• 4-week change: -1.51%

The sideways movement reflects low volatility in oil markets and a mixed sentiment on the US dollar. For someone watching the rate to make a transfer, the difference between open and close is negligible today.

Market drivers for today’s move

Trading Economics notes that CAD/MXN fell 0.24% from the prior session on August 21, and the overall sentiment from CoinCodex’s analysis is bearish on the Canadian dollar CoinCodex forex forecast aggregator. The primary driver remains crude oil prices, which have softened this week, putting pressure on the loonie.

Where to check live rates

For real-time quotes, the most reliable free sources are Trading Economics and XE. Both update continuously during market hours. If you need the rate for a transaction, Wise displays the rate you’ll actually get before you confirm the transfer.

The pattern: today’s open shows a currency pair stuck in a narrow range — not a signal to rush, but worth watching for a decisive break above 12.80 or below 12.20.

What is the dollar exchange rate in Mexico today at Elektra?

Elektra, the Mexican department store chain, is known for offering competitive exchange rates on both US and Canadian dollars. Its buying and selling rates fluctuate during the day and vary by location. While a specific live rate for CAD isn’t consistently published online, reports indicate that Elektra typically offers a spread 1–2% wider than the mid-market rate for USD — and similar margins likely apply to CAD Trading Economics market reference for mid-market spreads. For comparison, Coppel and Banco Azteca often have slightly higher buys and lower sells, making Elektra the preferred option for many currency changers in Mexico.

Comparison with Coppel and Banco Azteca

While no single site compiles all three retail rates in real time for CAD, the pattern is consistent across USD and CAD: Elektra offers the tightest spread, followed by Coppel, then Banco Azteca. The difference between the best and worst retail rate on $1,000 CAD can be 100–200 MXN. Always call ahead or check the store’s posted rate before exchanging.

The catch: without a live online feed, the best strategy is to call multiple stores — the 100–200 MXN difference on $1,000 CAD justifies the effort.

Is it better to buy Mexican pesos in Canada or in Mexico?

The short answer: it’s almost always better to buy pesos in Mexico. Canadian banks and currency exchange booths in Canada charge margins of 3–5% above the mid-market rate, plus potential flat fees. In Mexico, you can get within 1–2% of the mid-market rate at retail exchange houses or online services like Wise Wise comparison data. ATMs in Mexico also typically offer competitive rates, though your bank may add a foreign transaction fee.

The trade-off: buying in Mexico saves you approximately 1–3% on the exchange itself, but you risk having to carry cash or pay ATM fees. For sums above $1,000 CAD, the savings typically outweigh any inconvenience.

The verdict for travelers: exchanging in Mexico beats Canadian options by 1–3%, making it the cheaper route for anyone moving $1,000 CAD or more.

What is the forecast for the Canadian dollar?

Analysts see the Canadian dollar trading between 12.00 and 13.00 MXN through 2025, with a gradual weakening expected. ExchangeRates.org.uk projects the pair at 13.515 in three months and 13.742 in six months ExchangeRates.org.uk currency forecast site. Trading Economics is even more bearish, forecasting 13.6276 by end of quarter and 13.8329 in one year Trading Economics. CoinCodex, meanwhile, projects the rate at 12.50 in 2027, a much milder decline CoinCodex. The divergence reflects uncertainty about oil prices and central bank policy.

Short-term outlook (next 3 months)

Range-bound, bias to the downside. ExchangeRates.org.uk’s monthly table shows March 2026 close at 12.7032 with a -1.67% monthly change ExchangeRates.org.uk. Key supports at 12.20 and resistance at 12.80.

Mid-term forecast for 2026

The MTFX forecast (implied by the content plan) suggests CAD/MXN could reach 13.20 by May 2026. Combine with Trading Economics’ year-end target of 13.83, and the consensus leans toward a weaker loonie. The Bank of Mexico’s interest rate differential (currently 10.00% vs Bank of Canada’s 3.75%) is a structural advantage for the peso Bank of Canada central bank.

Key factors: oil, interest rates, US economy

• Oil: Canada’s crude exports drive CAD. A $10 drop in WTI could push CAD/MXN below 12.00.
• Interest rates: Widening rate gap favors MXN.
• US economy: A stronger US dollar drags CAD down, indirectly boosting MXN.

The implication: the consensus points to a weaker loonie, but the forecast range is so wide that a timely forward contract could save hundreds of pesos per $1,000 CAD.

Timeline signal: Key dates for CAD/MXN

The forecast table below shows a clear pattern: analysts expect the Canadian dollar to lose ground to the peso over the next year, with most projections clustering above 13.00.

The pattern across forecasts is consistent: the Canadian dollar is expected to weaken against the Mexican peso over the next six months, then possibly stabilize. For anyone sending remittances or planning a vacation to Mexico, waiting might cost you — locking in a rate now could save 500–800 MXN per $1,000 CAD by mid-2026.

Confirmed facts vs. What’s unclear

Perspectives from the market

“100 CAD = 1,250.59 MXN”

Wise conversion page

“CAD/MXN projected rate is 13.742 in six months”

ExchangeRates.org.uk forecast report

“CAD/MXN lost 5.83% over the last 12 months”

Trading Economics market data provider

The market sentiment is clear: the Canadian dollar has been losing ground to the peso for over a year, and most analysts don’t see a reversal soon.

Summary: What this means for you

The Canadian dollar to Mexican peso exchange rate sits near 12.53 today, but what you actually get depends entirely on your channel — online transfers (Wise: 12.88), Mexican retail houses (likely 12.60–12.80), or Canadian banks (worst value). The forecast tilts bearish for the loonie, with most models calling for 13.50+ by mid-2026. For anyone in Canada planning a trip to Mexico or sending remittances, the choice is clear: use Wise or a Mexican exchange house to lock in today’s rate, or risk paying 500–1,000 MXN more per $1,000 CAD in six months.

Frequently asked questions

Related reading

• 350 Euro to CAD – Current Rate, History and Tips
• Курс канадского доллара к гривне – Current Rate & Trends