Key Facts and Insights for Sending Dollars to Mexico
The dollar’s price at the start of the day in Mexico is shaped by the monetary policy of the United States and global economic activity. The Bank of Mexico analyzes these dynamics and releases its assessment midday.
As of Thursday, February 20, 2025, the average exchange rate is 1 Dollar = 20.3132 Pesos ⇩ -0.0141 -0.07%, Buy Price $19.911, Sell Price $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, this value is subject to change throughout the day.
To find the most accurate exchange rate whenever you need to convert dollars to pesos, it’s essential to consult real-time sources such as the Bank of Mexico or reliable platforms like ours. Click here to see the current dollar to peso exchange rate in Mexico.
Table of Contents
- Introduction
- Overview of the dollar’s value in Mexico
- Key factors influencing the dollar-peso exchange rate
- What’s the Dollar to Peso 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 Mexican banks
- 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 why 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
- Helpful tips and resources for checking real-time rates
Is the Dollar Going Up or Down?
The value of the dollar fluctuates daily. As of recently, the dollar has shown an upward trend due to market speculation, inflation, and other global economic factors.
Several factors have contributed to the volatility in the dollar-peso exchange rate:
Federal Reserve Monetary Policy:
The U.S. Federal Reserve (FED) has maintained a restrictive monetary policy, raising interest rates to control domestic inflation. This tightening has led to capital flows towards dollar-denominated assets, strengthening the U.S. currency against others, including the Mexican peso. Global investors tend to seek refuge in safer, more stable currencies like the dollar during times of high volatility, contributing to its appreciation.
Global Geopolitical Tensions:
In 2025, the geopolitical landscape has been marked by tensions in various regions, such as conflicts in the Middle East and Eastern Europe. These tensions have increased uncertainty in international markets, causing investors to seek safe-haven assets like the U.S. dollar. The perceived stability and security offered by the U.S. financial system in the face of these conflicts has boosted demand for dollars, affecting the exchange rate with emerging market currencies, including the Mexican peso.
Commodity Prices:
International commodity price movements, especially oil, have directly impacted the dollar-peso relationship. During 2024, oil prices were 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, have influenced the demand for pesos and its relationship with the dollar.
Economic Slowdown in China:
The Chinese economy, a major engine of global growth, showed signs of deceleration in 2024, affecting global demand for products and raw materials. Given that 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. Furthermore, the Chinese slowdown has led to a reconfiguration of global supply chains, affecting trade and financial flows throughout Latin America.
Persistent Global Inflation:
While several 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 typical and are based on global events that are often 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 (rate 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 up-to-date information on the day you need it. Alternatively, you can also check the dollar price in Mexico with us.
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 sells at 20.85 pesos and BBVA Mexico at 20.62 pesos (Excélsior) (El Economista).
This value fluctuates due to several 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 can reach up to 20.82 pesos per dollar for sale.
This reflects the volatility of financial markets, which respond to global events and domestic policies. The recent review of the 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 Bank of Mexico publishes the official value of the U.S. dollar. However, each bank may have different buying and selling prices for dollars, depending on their financial interests.
Is the Dollar Strong in Mexico Right Now?
Currently, the dollar’s value in Mexico is in a relatively stable range, although it has shown a moderate appreciation trend in recent days. While the Mexican peso has managed to maintain 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 experienced days of appreciation against other Latin American currencies, but the dollar’s strength has persisted, especially due to market caution regarding global risks. This suggests that while the dollar has not reached historically high values, it remains a strong currency in the current context.
Fluctuations in the dollar in 2024 were anticipated to depend on Mexico’s internal economic and political stability, as well as global influences. The value of the dollar is also affected by exports of raw materials like silver, which are vital for Mexico. It’s important to note that these trends are dynamic and subject to change as we move further into 2025.
What is the Dollar Price in Mexico Today Through Western Union?
Western Union provides currency exchange services, among many others. The current exchange rate with the Mexican peso is 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 at the most favorable time.
What is Today’s Dollar Price in 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 in 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, you can compare the rates offered by Pangea with different banks, exchange houses, and online platforms.
Here is a comparison from January 26, 2025, among different banks in Mexico as a reference.
Image alt text: Dollar to Peso Exchange Rate Comparison Table in Mexico on January 26, 2025, showing rates from various banks.
Follow these tips to guide you:
- Banks and Exchange Houses: Visit or check online the rates of 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. Some popular platforms include X-Rates and XE.
- International Debit and Credit Cards: Some cards offer favorable exchange rates and can save you on foreign transaction fees. Check with your bank about associated fees.
- Avoid Hidden Fees: Always ask about potential fees or additional charges that may affect the effective exchange rate you will 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. Therefore, it is advisable to verify current rates before making a transaction to ensure you get the best possible deal.
What is Today’s Dollar Price in Elektra?
If you need to send money to your 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 Today’s Dollar Price in 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 the border region of Mexico compared to central or southern states due to several economic and market factors:
- Higher Dollar Supply: Border areas experience a constant inflow of U.S. dollars due to international trade, tourism, and remittances from people working in the United States. This abundance of dollars increases local supply, which can reduce 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 more customers.
- Economic Integration with the United States: Border region economies are more integrated with the U.S. economy. This facilitates transactions in dollars 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 can 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 for 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 of dollars by the current exchange rate. You can also click on the following link: convert US dollar to Mexican peso for a more in-depth analysis of this transaction.
QUICK NOTES
Below are frequently asked questions from users like you, related to this topic. We hope the following information is helpful:
What was the dollar to peso exchange rate in Mexico this morning?
The dollar exchange rate varies every day. To find out the exchange rate for the dollar in Mexico today through Pangea, consult our dollar to peso converter. You can also check 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 to peso 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 per $1 dollar?
Throughout 2025, the exchange rate has been fluctuating between 19 to 20 Mexican pesos per dollar, but this figure is constantly changing. Use our dollar to Mexican peso calculator to find out the exchange rate with Pangea.
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 about the financial market to maximize the value of your dollars when you send them to family or friends in Mexico, check out our Blog where you will find 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.
