Understanding the exchange rate between the US dollar and the Mexican peso is crucial for anyone living in, traveling to, or doing business with Mexico. The value of the dollar in Mexico fluctuates daily, influenced by a complex interplay of US monetary policy and global economic activity. The Banco de México (Bank of Mexico) closely monitors these factors and provides updates, but real-time rates are constantly shifting.
Current Exchange Rate: Thursday, February 20, 2025 – Average Rate: 1 USD = 20.3132 MXN ⇩ -0.0141 -0.07% (Buy: $19.911, Sell: $20.7155)
As of today, Thursday, February 20, 2025, the average exchange rate is approximately 20.31 Mexican pesos per 1 US dollar. This figure is an average and can vary throughout the day. To get the most precise and up-to-the-minute exchange rate, especially when conducting transactions, it’s essential to consult real-time sources such as the Banco de México website or reliable financial platforms, like our rate checker for the current dollar to peso exchange rate.
Table of Contents
- Understanding the Dollar’s Value in Mexico
- Overview of the USD to MXN exchange rate
- Key factors influencing the rate
- What’s the Dollar Exchange Rate in Mexico Today?
- Impact of US Monetary Policy
- Mid-day updates and fluctuations
- Weekly Trends: When Does the Dollar Typically Rise?
- Market patterns and global economic events
- The influence of US elections
- Is the Dollar Going Up or Down?
- Current trends and economic indicators
- Factors contributing to USD/MXN volatility
- Dollar Exchange Rate at BBVA (formerly Bancomer)
- Rates at popular Mexican banks
- Real-time rate sources for BBVA
- How Many Mexican Pesos per US Dollar?
- Exchange rates at major Mexican banks
- Influences on rate variations
- Is the Dollar Strong in Mexico Right Now?
- Dollar stability and Peso trends
- Future projections for dollar strength
- Dollar Exchange Rate via Western Union
- Benefits and fluctuations in transfer rates
- Checking current rates with Pangea
- Where to Find the Best Exchange Rate?
- Comparing banks, exchange houses, and platforms
- Tips for maximizing your exchange rate
- Dollar Exchange Rate in Mexicali
- Regional variations in exchange rates
- Reasons for better rates in border cities
- Easy Ways to Convert Pesos to Dollars
- Using online currency calculators
- Quick links for USD to MXN conversion
- Quick Questions and Answers
- FAQs about exchanging dollars in Mexico
- Helpful resources for real-time rates
Is the Dollar Going Up or Down?
The dollar’s value is dynamic and changes daily. Currently, the dollar has shown an upward trend due to market speculation, inflation, and other global economic factors.
Several elements contribute to the volatility of the USD to MXN exchange rate:
Federal Reserve Monetary Policy:
The US Federal Reserve (FED) has maintained a restrictive monetary policy, continuing to raise interest rates to combat domestic inflation. This tightening has driven capital flows towards dollar-denominated assets, strengthening the US dollar against other currencies, including the Mexican peso. In times of heightened volatility, global investors often seek refuge in safer, more stable currencies like the dollar, further contributing to its appreciation.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 remains marked by tensions across various regions, including conflicts in the Middle East and Eastern Europe. These tensions amplify uncertainty in international markets, prompting investors to seek safe-haven assets like the US dollar. The perceived stability and security offered by the US financial system amid these conflicts boosts demand for dollars, impacting exchange rates with emerging market currencies like the Mexican peso.
Commodity Prices:
International commodity price movements, particularly oil prices, directly impact the USD to MXN exchange rate. Throughout 2024, oil prices have been volatile due to factors such as slowing demand in China and OPEC production cuts. As an oil-exporting nation, Mexico experiences fluctuations in its trade balance, influencing the demand for pesos and its relationship with the dollar.
Economic Slowdown in China:
China’s economy, a major engine of global growth, showed signs of deceleration in 2024, affecting global demand for goods and raw materials. Mexico, a significant trading partner with both the US and China, has seen reduced exports due to slower Chinese economic activity, weakening the peso against the dollar. Furthermore, China’s slowdown has triggered a reconfiguration of global supply chains, impacting trade and financial flows across Latin America.
Persistent Global Inflation:
While some developed nations have managed to curb inflation in 2025, global inflationary pressures continue to affect many emerging economies, including those in Latin America. Inflation in Mexico has increased the cost of goods and services, eroding the peso’s purchasing power. In contrast, the FED’s monetary policy has kept inflation more controlled in the US, increasing global demand for dollars.
US Fiscal and Trade Policies:
Fiscal and trade decisions made by the US government, including tariff adjustments and fiscal stimulus measures, have repercussions for trade relations with Mexico. The implementation of protectionist policies in strategic sectors like automotive and agriculture has increased trade barriers, affecting bilateral trade and, consequently, the peso’s strength against the dollar.
These fluctuations are normal and rooted in global events that are difficult to predict but have a significant impact on the dollar’s value.
Alt text: Table showing dollar to Mexican peso exchange rates at different banks in Mexico as of January 26, 2025.
What is the Dollar Exchange Rate at BBVA (Formerly Bancomer) in Mexico?
Many years ago, Bancomer was rebranded as BBVA Mexico. Despite the name change, many Mexicans, especially those living in the United States sending money home, still refer to BBVA Mexico as “Bancomer.”
The current dollar exchange rate at BBVA Mexico is approximately $20.31 Mexican pesos as of February 20, 2025. This rate is subject to change based on currency demand. It is always recommended to check the official BBVA Mexico website for the most up-to-date information on the day you need to make a transaction. You can also check our real-time dollar to peso exchange rate for comparisons.
How Many Mexican Pesos Do You Get Per $1 Dollar?
As of February 20, 2025, the dollar to peso exchange rate in Mexico is around 20.31 pesos per dollar based on the interbank rate (according to reports from Excélsior and Grupo Milenio). However, rates vary slightly at bank branches. For example, Citibanamex sells dollars at approximately 20.85 pesos, and BBVA Mexico at 20.62 pesos (according to Excélsior and El Economista).
This fluctuation is influenced by factors like geopolitical tensions and US economic data (Grupo Milenio).
Other banks like Banorte and Banco Azteca offer selling rates around 20.65 and 20.80 pesos, respectively, while Scotiabank’s selling rate can reach up to 20.82 pesos. This reflects the volatility of financial markets reacting to global events and domestic policies. The recent review of judicial reform in Mexico has also caused movements in the Mexican currency relative to the dollar.
Each country has its own dollar-to-local currency exchange rate. In Mexico, the Banco de México publishes the official dollar value. However, individual banks are free to set their own buying and selling rates.
Is the Dollar Strong in Mexico Right Now?
Currently, the dollar’s value in Mexico is relatively stable, although it has shown a moderate upward trend recently. While the Mexican peso has maintained some strength against the dollar compared to previous peaks, the US dollar remains strong, influenced by global factors such as geopolitical tensions and US economic data.
Regionally, the Mexican peso has experienced days of appreciation against other Latin American currencies, but the dollar’s strength has persisted, particularly due to market caution regarding global risks. This suggests that while the dollar might not be at historically high levels, it remains a strong currency in the current context.
Looking ahead to 2024 and beyond (adjusting to 2025 context), dollar fluctuations will depend on Mexico’s internal economic and political stability, as well as global influences. Exports of raw materials like silver, vital to Mexico’s economy, will continue to play a role in the dollar’s valuation.
What is the Dollar Exchange Rate in Mexico Today Through Western Union?
Western Union is a company that provides currency exchange services, among many others. The current exchange rate for the Mexican peso is approximately 20.31 pesos per dollar. The amount of money you send can significantly affect the exchange rate depending on when you make the transaction. We recommend checking our rate converter to make money transfers with Pangea when it is most advantageous for you.
What is the Dollar Exchange Rate Today at Bancoppel in Mexico?
If you plan to send money to Mexico and prefer it to be picked up at Bancoppel, it’s crucial to know the current dollar to peso exchange rate offered by this institution. We invite you to check our dedicated section on the Dollar Exchange Rate Today at Bancoppel to ensure you have the best information and maximize your transfer.
Where Can You Find the Best Peso Exchange Rate?
To find a reference for the current dollar to Mexican peso exchange rate, you can compare rates offered by Pangea with various banks, exchange houses, and online platforms.
Here’s a comparison from January 26, 2025, across different banks in Mexico:
[Insert Image of Rate Table Here – already inserted above]
Follow these tips to guide your search:
- Banks and Exchange Houses: Visit or check online the rates of various banks and exchange houses to compare. Exchange houses in tourist or border areas sometimes offer more competitive rates.
- Online Platforms: Utilize websites and apps that compare exchange rates in real-time across different providers. Popular platforms include X-Rates and XE.
- International Debit and Credit Cards: Some cards offer favorable exchange rates and can help you avoid foreign transaction fees. Check with your bank about associated fees.
- Avoid Hidden Fees: Always inquire about potential fees or additional charges that could affect the effective exchange rate you receive.
- Negotiation: If you plan to exchange a large amount of money, you might be able to negotiate a better rate with some exchange houses.
Remember that exchange rates constantly fluctuate due to international market conditions. It’s advisable to verify current rates just before making a transaction to ensure you get the best possible deal.
What is the Dollar Exchange Rate Today at Elektra in Mexico?
If you need to send money to loved ones in Mexico and prefer they pick it up at payment locations like Elektra stores, it’s important to know the current dollar to Mexican peso exchange rate at Elektra. We invite you to visit our dedicated section on the Dollar Exchange Rate Today at Elektra to get the most updated information and make informed decisions about your transfer.
What is the Dollar Exchange Rate in Mexicali, Mexico?
As of February 2025, the dollar to Mexican peso exchange rate is approximately 20.31 pesos per dollar. However, exchange rates fluctuate daily and can vary depending on the financial institution or exchange house in Mexicali.
The dollar exchange rate is often lower in border regions of Mexico compared to central or southern states due to several economic and market factors:
- Higher Dollar Supply: Border areas experience a constant flow of US dollars from international trade, tourism, and remittances from people working in the United States. This abundance of dollars increases local supply, which can lower the dollar’s price in terms of Mexican pesos.
- Competition Among Exchange Houses: Border cities have a high concentration of exchange houses and banks offering currency exchange services. This intense competition can lead to more favorable exchange rates to attract customers.
- Economic Integration with the United States: Border region economies are more integrated with the US economy. This facilitates dollar transactions and can reduce local demand for dollars, affecting the exchange rate.
- Lower Relative Demand for Dollars: In border areas, many commercial transactions are conducted directly in dollars, reducing the need to exchange dollars for pesos and vice versa. This lower demand for exchange can result in lower rates.
- Transportation and Logistics Costs: In central and southern states, transporting and distributing dollars can involve additional costs and logistical limitations, which can increase the dollar’s price in those regions.
- Local Market Effects: Local economic conditions, such as foreign investment levels, tourism activity, and international trade, can affect the supply and demand of dollars, influencing the regional exchange rate.
How to Easily Convert Pesos to US Dollars?
You can use online currency calculators to convert pesos to US dollars, or visit banks and exchange houses. Simply multiply the amount in dollars by the current exchange rate. You can also click on the following link: convert US dollar to Mexican peso for a deeper analysis of this transaction.
QUICK NOTES – FAQs
Here are some frequently asked questions from other users like you, related to this topic. We hope you find the following information helpful:
What is the Dollar Exchange Rate in Mexico Today (Morning)?
The dollar exchange rate varies daily. To find the current exchange rate for the dollar in Mexico today through Pangea, check our dollar to peso converter. You can also consult exchange houses or online financial platforms that update exchange rates in real-time, such as XE or Bloomberg. Refer to the comparative table from January 26, 2025, above as a general reference.
What Will the Dollar Exchange Rate Be in Mexico in 2025?
The dollar exchange rate in 2025 fluctuates depending on global and local economic conditions. We suggest checking our currency converter for the latest rates.
How Many Mexican Pesos Do You Get Per $1 Dollar?
Throughout 2025, the exchange rate has generally ranged between 19 to 20 Mexican pesos per dollar, but this figure is constantly changing. Use our dollar to Mexican peso calculator to find the current rate with Pangea.
How is Dollar Abbreviated?
The common abbreviation for the US dollar is USD (United States Dollar), and the symbol is $. Sometimes US$ is also used to differentiate it from other currencies that use the dollar sign.
What is the Highest the Dollar Has Ever Reached in Mexico?
The highest recorded value of the dollar in Mexico was in March 2020, when it reached approximately 25 pesos per dollar due to global economic uncertainty caused by the pandemic. To check if there has been a new record high, consult updated financial sources.
Thank you for reading. For more information about the financial market to maximize the value of your dollars when sending money to family or friends in Mexico, check out our Blog for tips and attractive promotions.
LEGAL DISCLAIMER – This content is for informational purposes only. Pangea and its affiliates do not offer financial, legal, investment, or tax advice.
