How to send money to UK from Mexico with the best MXN-GBP rate

The exchange rate determines the price you’ll pay for Pound Sterling when you send Mexican Peso to the United Kingdom.

The current exchange rate between the Mexican Peso and Pound Sterling is 0.0431, and it constantly fluctuates.

When calculating the cost of sending money from Mexico to the United Kingdom, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current MXN-GBP mid-market rate is 0.0431 GBP per Mexican Peso. Finding a provider as close to this number as possible will ensure more Pound Sterling for your money.

• Fees: Transfer fees are charged on top of a transfer. Lumon currently offers the lowest fees of 0 MXN per transfer (based on $100,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Pound Sterling is the biggest indicator in the total cost of sending money to Mexico from the United Kingdom. The higher the total amount received in the United Kingdom, the lower the cost of sending from Mexico.

It’s possible that waiting a day or two can help you get more GBP for the same amount of Mexican Peso. But, the best way to lock in a price between Mexico and the United Kingdom is by using a forward contract.

A bank transfer is our recommended option for money transfers between Mexico and the United Kingdom. Lumon offers the best price on a bank transfer.

Here are all the ways to send money from Mexico to United Kingdom:

Bank transfers

Bank transfers are often the best payment method for money transfers from Mexico to the United Kingdom.

A money transfer company like Lumon offer bank transfers between Mexico and the United Kingdom with lower fees and better exchange rates than you would get from a traditional bank.

On average, Lumon is the cheapest provider for bank transfers of the 5 we tested when sending MXN to the United Kingdom.

Debit and prepaid cards

Sending money from Mexico to the United Kingdom with a debit or a prepaid card is very simple with Paysend.


Paysend is a leader in debit card payments for transfers from Mexico to the United Kingdom, competing among a total of 5 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both Mexico and United Kingdom to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Mexico and the United Kingdom.

Some services have minimum or maximum thresholds on how much you can transfer from Mexico to the United Kingdom.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of MXN to United Kingdom. The combination of rates and fees when sending to the United Kingdom is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Mexico, or entering the United Kingdom. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in United Kingdom. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Mexico to the United Kingdom will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Mexico into Pound Sterling. Wise is the best company for bank transfers between Mexico and United Kingdom.

And if you need cash right away, check if cash pickup is an option for transfers between Mexico and the United Kingdom.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Lumon.

When signing up to a money transfer company to send between Mexico and the United Kingdom, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Mexico this will be a government ID like a passport or driver's license. In the United Kingdom it will be a similar set of documents, although this should only be needed if you are opening a new account in the United Kingdom, or collecting in cash.

Big transactions between Mexico and the United Kingdom, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Mexico.

When sending large amounts of money between Mexico and the United Kingdom there will be tax implications to consider.

Some transfers into Pound Sterling may need to be reported to tax authorities in the United Kingdom, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in the United Kingdom based on age, income and a few other elements. When in doubt, please contact a tax professional in Mexico or the United Kingdom to discuss your personal circumstances.