Your Guide to Understanding the Dollar Value in Mexico and Sending Money
The dollar’s price at the start of each day in Mexico is shaped by the monetary policy of the United States and global economic activity. The Banco de México analyzes these factors to provide updates around midday.
As of Thursday, February 20, 2025, the average exchange rate of the dollar in Mexico is 1 Dollar = 20.3132 Pesos ⇩ -0.0141 -0.07%, Buy $19.911, Sell $20.7155
Currently, the Mexican peso is valued at approximately $20.31 pesos per 1 US dollar, according to today’s dollar price in Mexico. However, it’s important to remember that this value fluctuates throughout the day.
For the most accurate and up-to-the-minute exchange rate whenever you need to convert dollars to pesos, always consult real-time sources such as the Banco de México or reliable platforms like ours. Click here to check the current exchange rate for the dollar price in Mexico today.
Table of Contents
- Introduction
- Overview of the dollar’s value in Mexico
- Key factors influencing the dollar-peso exchange rate
- What’s the Dollar Exchange Rate in Mexico Today?
- Impact of U.S. Monetary Policy
- Midday Currency Updates in Mexico
- Which Day of the Week Does the Dollar Typically Rise?
- Market Patterns and Global Economic Events
- Influence of U.S. Elections on the Dollar-Peso Exchange Rate
- Is the Dollar Going Up or Down?
- Current Dollar Trends and Economic Factors
- Factors Contributing to Dollar-Peso Volatility
- What is the Dollar Exchange Rate at BBVA (formerly Bancomer)?
- Dollar Rates at Popular Banks in Mexico
- Real-Time Rate Sources
- How Many Mexican Pesos per $1 Dollar?
- 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 Through Western Union
- Benefits and Fluctuations in Transfer Rates
- Check Current Rates with Pangea
- Where to Find the Best Exchange Rate?
- Comparison Between Banks and Exchange Platforms
- Tips for Maximizing the Exchange Rate
- Dollar Exchange Rate in Mexicali
- Regional Variations in the Dollar Exchange Rate
- Reasons Border Cities Often Offer Better Rates
- Easy Ways to Convert Pesos to Dollars
- Using Online Currency Calculators
- Quick Links for Dollar-Peso Conversion
- Quick Questions and Answers
- FAQs About Dollar Exchange in Mexico
- Useful Tips and Resources for Checking Real-Time Rates
Is the Dollar Going Up or Down?
The dollar’s value is dynamic and changes daily. Today, for instance, the dollar has shown an upward trend due to market speculation, inflation, and various global economic factors.
Several elements have contributed to the volatility of the dollar-peso exchange rate:
Federal Reserve Monetary Policy:
The U.S. Federal Reserve (FED) has maintained a restrictive monetary policy, continuing to raise interest rates to combat domestic inflation. This tightening has directed capital flows towards dollar-denominated assets, strengthening the U.S. currency against others, including the Mexican peso. In times of high volatility, global investors tend to seek refuge in safer, more stable currencies like the dollar, further driving up its value.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 has been marked by tensions in regions such as the Middle East and Eastern Europe. These tensions have heightened uncertainty in international markets, prompting investors to seek safe-haven assets like the U.S. dollar. The perceived stability and security of the U.S. financial system amidst these conflicts have increased demand for dollars, impacting exchange rates with emerging market currencies, including the Mexican peso.
Commodity Prices:
Fluctuations in international commodity prices, especially oil, directly affect the dollar-peso relationship. Throughout 2024, oil prices have been volatile due to factors like slowing demand in China and OPEC production cuts. Mexico, as an oil-exporting country, has experienced fluctuations in its trade balance, which in turn influence the demand for pesos and its exchange rate with the dollar.
Economic Slowdown in China:
The Chinese economy, a major engine of global growth, showed signs of deceleration in 2024, impacting global demand for products and raw materials. As Mexico is a significant trading partner with both the United States and China, reduced economic activity in China has decreased Mexican exports and weakened the peso against the dollar. Additionally, the Chinese slowdown has led to a reconfiguration of global supply chains, affecting trade and financial flows across Latin America.
Persistent Global Inflation:
While some developed countries have managed to reduce inflation in 2025, persistent global inflationary pressures continue to affect many emerging economies, including those in Latin America. Inflation in Mexico has increased the costs of goods and services, eroding the purchasing power of the peso. In contrast, the FED’s monetary policy has kept inflation more controlled in the United States, increasing global demand for dollars.
U.S. Fiscal and Trade Policies:
Fiscal and trade decisions made by the U.S. government, including adjustments in tariff policies and fiscal stimuli, have had repercussions on 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 strength of the peso against the dollar.
These fluctuations are common and are based on global events that are somewhat unpredictable but have a significant impact on the dollar’s valuation.
What is the Dollar Exchange Rate at BBVA (formerly Bancomer)?
Many years ago, Bancomer was the name of what is now known as BBVA Mexico. Despite the rebranding and other changes that occurred relatively recently, many Mexicans, especially those living in the United States, still fondly remember and refer to BBVA Mexico as “Bancomer.”
The current dollar exchange rate at BBVA Mexico today is $20.31 Mexican pesos (data as of February 20, 2025). This rate can fluctuate based on currency demand, so it is essential to check the official BBVA Mexico website for the most current information on the day you need it. Alternatively, you can also check the dollar price in Mexico with us for updated rates.
How Many Mexican Pesos per $1 Dollar?
Today, February 20, 2025, the dollar price in Mexico is around $20.31 pesos per dollar according to the interbank closing rate (Excélsior)(Grupo Milenio). At bank windows, the dollar is sold at slightly varying prices depending on the bank; for example, Citibanamex is at 20.85 pesos and BBVA Mexico at 20.62 pesos (Excélsior)(El Economista).
This value fluctuates due to various factors, including geopolitical tensions and U.S. economic data (Grupo Milenio).
Other banks like Banorte and Banco Azteca offer selling prices close to 20.65 and 20.80 pesos, respectively, while institutions like Scotiabank might sell dollars for up to 20.82 pesos.
These variations reflect the volatility of financial markets, which respond to global events and domestic policies. The recent review of the judicial reform in Mexico, has also generated movements in the Mexican currency in relation to the dollar.
Each country has its own dollar-to-local-currency exchange rate. In Mexico, the Banco de México publishes the official value of the U.S. dollar. However, individual banks may have different buying and selling prices for dollars, depending on their financial strategies.
Is the Dollar Strong in Mexico Right Now?
Currently, the dollar’s value in Mexico is relatively stable, though it has shown a moderate appreciation trend in recent days. While the Mexican peso has maintained some strength against the dollar compared to previous peaks, the U.S. currency remains strong, influenced by global factors such as geopolitical tensions and U.S. economic data.
Regionally, the Mexican peso has had days of appreciation against other Latin American currencies, but the dollar’s strength has persisted, especially with market caution due to global risks. This indicates that while the dollar has not reached historically high values, it remains a strong currency in the current context.
For 2024, dollar fluctuations are anticipated to depend on Mexico’s internal economic and political stability, as well as global influences. The dollar’s value will be affected by exports of raw materials like silver, which are vital for Mexico.
What is the Dollar Price in Mexico Today Through Western Union?
Western Union provides currency exchange services, among many others, with the current exchange rate for the Mexican peso being approximately $20.31 pesos. The amount of money sent can significantly affect the exchange rate depending on when the transaction is made. We recommend checking our rate calculator to make your money transfers with Pangea when it is most advantageous for you.
What is Today’s Dollar Price at Bancoppel?
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 Mexican peso exchange rate offered by this institution. We invite you to check our section on Today’s Dollar Price at Bancoppel to ensure you get the best information and maximize your transfer.
Where Can You Find the Best Peso Exchange Rate?
To find a reference for the dollar to Mexican peso exchange rate today, compare the rates offered by Pangea with different banks, exchange houses, and online platforms.
Below is a comparison from January 26, 2025, among different banks in Mexico.
Today’s Dollar Price in Mexico
Follow these tips for guidance:
- Banks and Exchange Houses: Visit or check online various banks and exchange houses to compare their rates. Sometimes, exchange houses in tourist or border areas offer more competitive rates.
- Online Platforms: Use 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 ask about potential commissions 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 fluctuate constantly due to international market conditions. Therefore, it’s advisable to verify current rates before making a transaction to ensure you get the best possible deal.
What is Today’s Dollar Price at Elektra?
If you need to send money to your loved ones in Mexico and prefer pickup locations like Elektra stores, knowing the current dollar to Mexican peso exchange rate at Elektra is important. Please visit our dedicated section on Today’s Dollar Price at Elektra for the most updated information to make informed decisions about your transfer.
What is the Dollar Exchange Rate in Mexicali, Mexico?
As of February 2025, the exchange rate of the U.S. dollar to the Mexican peso 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 the border region of Mexico compared to central or southern states due to several economic and market factors. Key reasons include:
- Higher Dollar Supply: Border areas experience a constant flow of U.S. dollars due to international trade, tourism, and remittances from people working in the United States. This abundance of dollars increases the local supply, which can reduce the dollar’s price in terms of Mexican pesos.
- Competition Among Exchange Houses: In border cities, there are numerous exchange houses and banks offering currency exchange services. High competition can lead to more favorable exchange rates to attract more customers.
- Economic Integration with the United States: Border region economies are more integrated with the U.S. economy. This facilitates dollar transactions and can lead to lower 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 may increase the dollar’s price in those regions.
- Local Market Effects: Local economic conditions, such as levels of foreign investment, tourism activity, and international trade, can affect the supply and demand of dollars, influencing the regional exchange rate.
How to Easily Convert Pesos to U.S. Dollars?
You can use online currency calculators to convert pesos to U.S. 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 U.S. dollar to Mexican peso for a deeper analysis of this transaction.
QUICK NOTES
Below are frequently asked questions from users like you related to this topic. We hope you find the following information useful:
What was the dollar exchange rate at opening today in Mexico?
The dollar exchange rate varies daily. To find out the exchange rate for the dollar today in Mexico through Pangea, check our dollar to Mexican peso converter. You can also consult exchange houses or online financial platforms that update the exchange rate in real-time, such as XE or Bloomberg. Refer to the comparative table from January 26, 2025, as a 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 using our currency converter.
How many Mexican pesos do you get for $1 dollar?
During 2025, the exchange rate has been between 19 to 20 Mexican pesos per dollar, but this figure is constantly changing. Use our dollar to Mexican peso calculator for the current Pangea exchange rate.
How is dollar abbreviated?
The common abbreviation for the U.S. 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, consult updated financial sources.
Thank you for reading. If you want more information on the financial market to maximize the value of your dollars when sending them to family or friends in Mexico, check out our Blog, where you will find useful tips and attractive promotions for you.
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LEGAL DISCLAIMER – This content is for informational purposes only. Pangea and its affiliates do not offer financial, legal, investment, or tax advice.
