Understanding the exchange rate between the US dollar and the Mexican Peso is crucial for anyone sending money to Mexico, traveling, or conducting international business. The value of the dollar in Mexico is not static; it fluctuates constantly based on a complex interplay of global and local economic factors. Monitoring these shifts is essential to make informed financial decisions.
How Much is the Dollar in Mexico Today?
As of today, it’s important to understand that the dollar’s value in Mexican pesos is in constant motion. Generally, the exchange rate is influenced significantly by the monetary policies of the United States and overall global economic activity. In Mexico, Banco de México (Banxico), the central bank, plays a key role in analyzing these international dynamics and providing updates. Typically, Banxico releases its official communication regarding the exchange rate around midday.
For a snapshot as of Tuesday, February 25, 2025 (Note: please refer to real-time data for the actual current date), the average exchange rate was approximately 1 US Dollar = $20.38 Mexican Pesos, with a buying rate of $19.98 MXN and a selling rate of $20.78 MXN.
Example of a currency exchange rate table display for illustrative purposes.
Currently, the Mexican Peso’s value hovers around $20.31 pesos per US dollar. However, this figure is not fixed and will change throughout the day. For the most accurate and up-to-the-minute exchange rate, especially when you need to perform a currency conversion, always consult real-time sources. Reliable platforms include the Banco de México website or reputable financial sites that provide live exchange rate updates. You can often find these real-time rates displayed as “Precio del Dólar hoy en México” (Dollar Price Today in Mexico).
Weekly Dollar Rate Patterns in Mexico
While predicting the exact movements of the dollar is impossible, some patterns and factors can influence the exchange rate on a weekly basis. Market behaviors and global economic events often play a significant role. For instance, announcements regarding US economic indicators, such as inflation rates or employment figures, can trigger fluctuations. Similarly, major global events, like shifts in international trade policies or geopolitical tensions, can impact currency values.
Historically, there’s no single “day of the week” when the dollar definitively rises or falls. However, market activity tends to be higher during weekdays when financial institutions are fully operational. News and economic data released during the week are more likely to cause noticeable shifts compared to weekends.
It’s also worth noting that significant political events, such as US elections, can introduce volatility into the USD-MXN exchange rate. Uncertainty surrounding potential policy changes from a new administration can lead to market fluctuations.
Is the Dollar Going Up or Down?
The dollar’s trajectory is subject to daily changes. Recently, the dollar has shown an upward trend, driven by market speculation, persistent inflation, and broader global economic factors. Several key elements contribute to the volatility observed in the dollar-peso exchange rate:
Federal Reserve Monetary Policy:
The US Federal Reserve (FED) has maintained a restrictive monetary policy, consistently raising interest rates to combat domestic inflation. This tightening of monetary policy has led to capital inflows towards dollar-denominated assets, strengthening the dollar against other currencies, including the Mexican Peso. In times of uncertainty, global investors often seek refuge in stable currencies like the dollar, further increasing its demand and value.
Global Geopolitical Tensions:
The global geopolitical landscape in recent times has been marked by tensions in various regions, including conflicts in the Middle East and Eastern Europe. These tensions heighten uncertainty in international markets, prompting investors to seek safe-haven assets, notably the US dollar. The perceived stability and security of the US financial system amidst these conflicts boost dollar demand, impacting exchange rates with emerging market currencies like the Mexican Peso.
Commodity Prices:
Fluctuations in international commodity prices, particularly oil, directly affect the dollar-peso relationship. Oil price volatility, influenced by factors like slowing demand in China and OPEC production cuts, impacts Mexico’s trade balance. As a significant oil exporter, Mexico experiences trade balance shifts that 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, has shown signs of deceleration, affecting global demand for goods and raw materials. Given Mexico’s strong trade ties with both the US and China, reduced Chinese economic activity has decreased Mexican exports, weakening the peso against the dollar. Furthermore, China’s slowdown has reshaped global supply chains, impacting trade and financial flows across Latin America.
Persistent Global Inflation:
While some developed nations have managed to curb inflation, persistent global inflationary pressures continue to affect many emerging economies, including those in Latin America. Inflation in Mexico increases 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, enhancing global demand for dollars.
US Fiscal and Trade Policies:
Fiscal and trade decisions made by the US government, including adjustments in tariffs and fiscal stimulus measures, have repercussions for trade relations with Mexico. The implementation of protectionist policies in strategic sectors like automotive and agriculture can raise trade barriers, affecting bilateral commerce and, consequently, the peso’s strength against the dollar.
These fluctuations are normal and rooted in global events that are often unpredictable yet profoundly impact the dollar’s value.
Dollar Rate at BBVA Mexico (Bancomer)
Many people still refer to BBVA Mexico as “Bancomer,” its former name. This rebranding happened relatively recently, and the older name remains ingrained, especially among Mexicans in the US.
Currently, the dollar exchange rate at BBVA Mexico is approximately $20.38 Mexican pesos (as of February 25, 2025 – again, check for the latest data). This rate can fluctuate based on currency demand, so it’s essential to check the official BBVA Mexico website for the most updated information on the day you need it. Alternatively, you can use resources that provide real-time dollar exchange rates in Mexico.
Mexican Pesos per Dollar: Exchange Rates in Major Banks
On February 25, 2025, the average exchange rate was around $20.38 Mexican pesos per dollar based on interbank closing rates. In bank branches, the selling rate varies slightly between banks. For example, Citibanamex might sell dollars at around $20.85 pesos, and BBVA Mexico at $20.62 pesos.
Collage of logos from major Mexican banks such as Citibanamex, BBVA, Banorte, Azteca, and Scotiabank, for illustrative purposes.
These rates fluctuate due to factors like geopolitical tensions and US economic data. Other banks like Banorte and Banco Azteca offer selling rates close to $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 responding to global events and domestic policies. Recent discussions about judicial reform in Mexico have also caused movements in the Mexican currency’s value against the dollar.
While Banco de México publishes the official exchange rate, each bank can set its own buying and selling rates based on their operational needs and market conditions.
Dollar Strength in Mexico Right Now
Currently, the dollar’s value in Mexico is relatively stable, though it has shown a moderate appreciation trend recently. While the Mexican Peso has maintained some strength against the dollar compared to previous peaks, the US currency remains strong, influenced by global factors like geopolitical tensions and US economic data.
Regionally, the Mexican Peso has experienced appreciation against other Latin American currencies. However, the dollar’s strength persists, particularly due to market caution regarding global risks. This suggests that while the dollar might not be at historical highs, it remains a strong currency in the current context.
Looking ahead, dollar fluctuations in 2024 and beyond are expected to depend on Mexico’s internal economic and political stability, as well as global influences. Mexico’s exports of commodities like silver, which are vital to its economy, will also play a role in the dollar’s value.
Dollar Exchange Rate via Western Union
Western Union, a well-known money transfer service, also offers currency exchange services. The exchange rate through Western Union, like other providers, can vary. While the Mexican Peso’s exchange rate may be around $20.31 pesos, the specific rate can change based on the amount you’re sending and the day of the transaction. It’s advisable to compare rates and consider using alternative services like Pangea for potentially more favorable exchange rates and transfer options.
Finding the Best Dollar to Peso Exchange Rate
To find a favorable dollar to Mexican Peso exchange rate, compare rates from various providers, including Pangea, banks, exchange houses, and online platforms.
Here’s a comparison from January 26, 2025 (for reference – always check current data):
| Provider | Exchange Rate (Approx.) |
|---|---|
| Pangea | [Insert Pangea Rate] |
| Bank A | [Insert Bank A Rate] |
| Bank B | [Insert Bank B Rate] |
| Exchange House C | [Insert Exchange House C Rate] |
Consider these tips to guide your search:
- Banks and Exchange Houses: Visit or check online rates from multiple banks and exchange houses. 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.com.
- International Debit and Credit Cards: Some cards offer favorable exchange rates and can avoid foreign transaction fees. Check with your bank about associated fees.
- Avoid Hidden Fees: Always inquire about potential commissions or extra charges that can affect the effective exchange rate you receive.
- Negotiation: For large currency exchanges, you might be able to negotiate a better rate with some exchange houses.
Remember that exchange rates are constantly fluctuating due to international market conditions. Always verify current rates before transacting to ensure you get the best possible deal.
Dollar Rate in Mexicali, Mexico
As of February 2025, the dollar to Mexican Peso exchange rate in Mexicali is approximately 20.31 pesos per dollar. However, exchange rates change daily and can differ based on the financial institution or exchange house in Mexicali.
Dollar exchange rates are often more favorable in Mexican border cities compared to central or southern states due to several economic and market factors:
- Higher Dollar Supply: Border zones experience a constant flow of US dollars from international trade, tourism, and remittances. This abundance increases local dollar supply, potentially lowering the dollar’s price in pesos.
- Competition Among Exchange Houses: Border cities have numerous exchange houses and banks, creating high competition that can lead to more favorable exchange rates to attract customers.
- Economic Integration with the US: Border region economies are more integrated with the US economy, facilitating dollar transactions and potentially reducing local dollar demand, impacting exchange rates.
- Lower Relative Dollar Demand: In border areas, many commercial transactions occur directly in dollars, reducing the need to exchange dollars for pesos. This lower exchange demand can result in lower rates.
- Transportation and Logistics Costs: Transporting and distributing dollars in central and southern states can involve added costs and logistical limitations, potentially increasing 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 dollar supply and demand, influencing regional exchange rates.
Easy Ways to Convert Pesos to US Dollars
You can easily convert pesos to US dollars using online currency converters or by visiting banks and exchange houses. Simply multiply the amount in dollars by the current exchange rate. For a quick conversion, you can also use online tools to convert US dollars to Mexican pesos.
QUICK NOTES
Here are some frequently asked questions related to this topic:
How much is the dollar in Mexico this morning?
The dollar exchange rate varies daily. For today’s exchange rate, consult online currency converters or financial platforms that update rates in real-time, such as XE.com or Bloomberg, or Pangea’s converter for the most current USD to MXN rate.
What will the dollar be in Mexico in 2025?
The dollar exchange rate in 2025 fluctuates based on global and local economic conditions. Check reliable financial sources closer to the date for more accurate predictions, or use currency converters for current rates.
How many Mexican pesos do you get for $1 dollar?
Currently, the exchange rate is between 19 to 20 Mexican pesos per dollar, but this figure changes constantly. Use a currency calculator to find the real-time rate.
How is dollar abbreviated?
The common abbreviation for the US dollar is USD, and the symbol is $. Sometimes US$ is used to differentiate it from other dollar-based currencies.
What is the highest the dollar has ever been in Mexico?
The highest recorded value of the dollar in Mexico was in March 2020, reaching approximately 25 pesos per dollar due to global economic uncertainty caused by the pandemic. Consult updated financial sources to check for any new records.
Thank you for reading. For more information on financial markets and maximizing your dollars when sending money to Mexico, check 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.
