How to send money to Mexico from UAE with the best AED-MXN rate

The exchange rate determines the price you will pay when buying Mexican Peso in the United Arab Emirates. A better exchange rate means more UAE Dirhams being sent to Mexico.

The current rate between the UAE Dirham and Mexican Peso is 4.7839. The AED-MXN exchange rate is always changing.

The total cost of sending money to Mexico from the United Arab Emirates is made up of a combination of mid-market, exchange rates and fees.

• The Mid-Market and Exchange Rates: The current mid-market for AED-MXN is 4.7839 MXN per UAE Dirham.

• Fees: When sending money you may have to pay fees. Key Currency costs 0 AED per transfer at the moment, which is the cheapest option of the 9 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.

• Amount Received: When comparing providers, the best measure is the amount of Mexican Peso eventually received in Mexico.

Understanding the average, and then waiting a day or two can help you get more MXN for the same amount of UAE Dirhams - but you might end up worse off.

A safer option if you want to get a particular rate is to use a forward contract. This allows you to lock in an agreed exchange rate between the United Arab Emirates and Mexico.

Sending via a bank transfer is the payment method that will get you the best price on a transfer from the United Arab Emirates to Mexico.

Here are your options:

Bank transfers

Bank transfers are often the best and easier way to send money from the United Arab Emirates to Mexico.

By using a money transfer company such as Key Currency for transfers from the United Arab Emirates to Mexico, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank. 


Debit and prepaid cards

Sending money from the United Arab Emirates to Mexico with a debit or a prepaid card is easy with Taptap Send.


Taptap Send is a leading money transfer company for debit card payments, and offers transfers from the United Arab Emirates to Mexico.

Credit cards

We recommend avoiding credit card transfers due to high fees, and instead, you should consider a bank transfer or a debit card deposit.

However, if you do need to use a credit card to fund your transfer, use our comparison tool to get the latest deal.

and have different financial regulations to be aware of. Ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for money transfers between United Arab Emirates and Mexico

Companies offering money transfers between the United Arab Emirates and Mexico will have minimum or maximum thresholds on how much you can send or receive across set timeframes.

Exchange rates and fees for different transfer amounts could change and sending regularly could mean losing out.

That’s why it’s best to compare AED-MXN rates for your specific transfer amount.

For regular transfers to Mexico to the United Arab Emirates, shopping around each time can make a huge difference.

For sending large amounts of AED to Mexico without hitting a threshold, we’d recommended TorFx. They offer a combination of rates and fees when sending from the United Arab Emirates to Mexico that is the most competitive, even at larger amounts.

Be sure to check with the recipient and understand any declarations needed on large amounts of money entering Mexico from the United Arab Emirates.

Options for receiving Mexican Peso in Mexico include direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all of the 9 providers offering transfers from the United Arab Emirates to Mexico will support every method for incoming Mexican Peso, so it’s best to check ahead of time.

The most common option is to send directly from the United Arab Emirates to a bank account in Mexico. For most part, this is convenient but does have receiving fees to potentially be aware of.

TorFx is the best company for bank transfers between United Arab Emirates and Mexico.

Cash pickup is popular in some parts of Mexico, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Taptap Send.

When sending Mexican Pesos to Mexico, through a money transfer company, you will need to verify your ID when signing up.

The documents you need can vary and in some cases you might need a couple of options.

Generally, government issued ID such as a passport or driver's license are accepted in the United Arab Emirates. If the recipient needs an ID to collect money in Mexico, the same applies there. You may also be able use other ID formats, where these aren’t available.

Large transactions between United Arab Emirates and Mexico can be subject to additional checks such as proof of funds for anti-money laundering purposes. This may also require additional ID checks.

One of the reasons TorFx as scored so highly for transfers to Mexico is their easy sign up process in the United Arab Emirates.

As well as proof of funds, when sending large amounts of money between the United Arab Emirates and Mexico there will be tax declarations to consider. This is also potentially due to regular transactions.

Some transfers into Mexican Peso may need to be reported to tax authorities in Mexico and the United Arab Emirates, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances do change in Mexico based on age, income and a few other elements. Everyone’s tax obligations are unique - when in doubt, please contact a tax professional in the United Arab Emirates or Mexico.