MXNUSD Ratio

When purchasing MX pesos the value of the number evaluated is based on USD to MXN (1 USD to 18.56 PESOS) but when buying, the transaction takes place in the MXN to USD ratio (1 PESO to 0.56 USDs).

USDMXN -> $18.56

MXNUSD -> $0.56

Exchange rate companies and banks in what I've recently seen, seem to use the MXNUSD number for the transaction. In some cases they might display the USDMXN value.

So I had a relative pass away recently and needed some quick cash in mxn pesos. I went to a local exchange and received the price of the exchange. The exchange rate they gave me was 0.06280 USD or 1 USD = 15.92 MXN.

I last went to Wells Fargo around the time of this original post and got the same exchange rate MXNUSD instead of USDMXN. I finally signed up for an account and found that Wells Fargo will pay a better price than local exchanges and they will send you the money if you want it mailed.

At this time, Wells Fargo offers 0.06171 MXNUSD or 1 USD = 16.20 MXN.

It's a no brainer. Wells Fargo all the way.