MXN vs CAD
🇨🇦1 MXN = 0.08 CAD
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
MXN / CAD| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About MXN / CAD
🇲🇽 MXN — Mexican Peso
The Mexican Peso is the most traded currency in Latin America and among the most traded emerging market currencies globally. It is the eighth most traded currency in the world by daily turnover.
🇨🇦 CAD — Canadian Dollar
The Canadian Dollar, often called the 'Loonie' after the loon bird on the one-dollar coin, is the fifth most held reserve currency in the world. It is closely tied to commodity prices, especially oil.
Key Factors Affecting MXN/CAD
🇲🇽 MXN Drivers
- Banxico (Bank of Mexico) interest rate decisions
- US-Mexico trade relations and USMCA
- Oil prices and Pemex production data
- Remittance flows from the US to Mexico
🇨🇦 CAD Drivers
- Crude oil and commodity prices
- Bank of Canada interest rate decisions
- US-Canada trade relations and USMCA
- Canadian housing market and employment data
💡 Did You Know? — MXN
The Mexican peso was the first currency in the world to use the '$' sign, which was later adopted by the United States dollar.
💡 Did You Know? — CAD
Canada's one-dollar coin features a common loon, which is why the Canadian dollar is nicknamed the 'Loonie.'
Economy Overview
🇲🇽 Mexico
Mexico has a large, diversified economy closely linked to the United States through trade and manufacturing. It is a major exporter of vehicles, electronics, and oil.
🇨🇦 Canada
Canada has a resource-rich economy with significant exports of crude oil, natural gas, and minerals. The Bank of Canada sets monetary policy independently from the US despite close economic ties.