Your Guide to Navigating the USD to MXN Exchange
The price of the dollar in Mexico at the start of each day is influenced by a complex interplay of factors, primarily driven by the monetary policy of the United States and overall global economic activity. The Banco de México (Banxico), Mexico’s central bank, diligently analyzes these dynamics to provide a balanced assessment, typically releasing its official communication around midday.
As of Tuesday, February 25, 2025, the average exchange rate for the dollar in Mexico is 1 Dollar = $20.38 Pesos, with a Buy rate of $19.98 and a Sell rate of $20.78.
Currently, the Mexican peso is valued at approximately $20.31 pesos per 1 US dollar. It’s crucial to remember that this value is not static and fluctuates throughout the day in response to market changes.
For the most precise and up-to-the-minute exchange rate, especially when you need to perform a currency conversion, it’s essential to consult real-time sources. Reliable platforms include the Banco de México’s official website or trusted financial sites like ours. Click here to check the real-time dollar exchange rate in Mexico today.
Table of Contents
- Introduction
- Overview of the dollar’s value in Mexico
- Key factors influencing the dollar-peso exchange rate
- What is the Dollar’s Opening 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 Banks in Mexico
- 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
- Helpful Tips and Resources for Checking Real-Time Rates
Is the Dollar Going Up or Down?
The value of the dollar is dynamic, changing daily. Recently, the dollar has shown an upward trend, largely attributed 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, consistently raising interest rates in an effort to curb 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 heightened volatility, global investors tend to seek refuge in safer, more stable currencies like the dollar, thereby increasing its demand and value.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 has been marked by tensions across multiple regions, such as conflicts in the Middle East and Eastern Europe. These tensions have amplified uncertainty in international markets, prompting investors to seek safe-haven assets, notably the U.S. dollar. The perceived stability and security offered by the U.S. financial system amidst these conflicts have driven up demand for dollars, impacting exchange rates with emerging market currencies like the Mexican peso.
Commodity Prices:
Fluctuations in international commodity prices, especially oil, directly impact the dollar-peso relationship.
Throughout 2024, oil prices have been volatile due to factors like slowing demand in China and production cuts by OPEC.
Mexico, as an oil-exporting nation, has experienced fluctuations in its trade balance, which in turn have influenced the demand for pesos and its exchange rate with the dollar.
Economic Slowdown in China:
The Chinese economy, a major driver of global growth, showed signs of deceleration in 2024, impacting global demand for products and raw materials. Given Mexico’s significant trade partnership with both the U.S. and China, reduced economic activity in China has lessened Mexican exports and weakened the peso against the dollar. Furthermore, the Chinese slowdown has triggered 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 cost 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, bolstering 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 normal and rooted in global events that are often unpredictable but have a profound impact on the dollar’s valuation.
What is the Dollar Exchange Rate at BBVA (formerly Bancomer)?
Many years ago, Bancomer was the former name of what is now known as BBVA Mexico. Despite the rebranding and other changes that occurred relatively recently, many Mexicans, particularly 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 $20.38 Mexican pesos (as of February 25, 2025). This rate is subject to change based on currency demand, so it’s 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 exchange rate in Mexico today with us for up-to-date information.
How Many Mexican Pesos Do You Get Per $1 Dollar?
As of February 25, 2025, the dollar exchange rate in Mexico is approximately $20.38 pesos per dollar according to the interbank closing rate (Excélsior, Grupo Milenio). Bank rates for selling dollars vary slightly among institutions. For example, Citibanamex sells at 20.85 pesos and BBVA Mexico at 20.62 pesos (Excélsior, El Economista).
This fluctuating value is influenced by factors such as geopolitical tensions and U.S. economic data (Grupo Milenio).
Other banks like Banorte and Banco Azteca offer selling rates around 20.65 and 20.80 pesos, respectively, while institutions like Scotiabank may sell dollars for as high as 20.82 pesos.
This reflects the volatility of financial markets, which react 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, Banco de México publishes the official dollar value. However, each bank is free to set its own buying and selling rates based on their operational needs and market conditions.
Is the Dollar Strong in Mexico Right Now?
Currently, the dollar’s value in Mexico is relatively stable, although it has shown a moderate appreciation trend recently. 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 appreciated against other Latin American currencies in recent days, but the dollar’s strength has persisted, particularly due to market caution amid global risks. This suggests that while the dollar may not be at historically high values, it remains a strong currency in the current economic context.
For 2024, dollar fluctuations are expected to depend on Mexico’s internal economic and political stability, as well as global influences. The value of the dollar will also be affected by exports of raw materials like silver, which are crucial for Mexico’s economy.
What is the Dollar Exchange Rate in Mexico Today Through Western Union?
Western Union, a company providing various financial services including currency exchange, currently offers an exchange rate for the Mexican peso of approximately $20.31 pesos. The amount of money being sent can significantly affect the exchange rate, depending on the date of the transaction. We recommend checking our rate calculator to make your money transfers with Pangea at the most favorable time for you.
What is the Dollar Exchange Rate Today at BanCoppel?
If you plan to send money to Mexico and prefer it to be collected 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 the Dollar Exchange Rate Today 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 benchmark for the dollar to Mexican peso exchange rate today, you can compare rates offered by Pangea with various banks, exchange houses, and online platforms.
Here is a comparison as of January 26, 2025, among different banks in Mexico:
Follow these tips to guide you:
- Banks and Exchange Houses: Visit or check online various banks and exchange houses to compare their rates. Exchange houses in tourist or border areas sometimes 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 may avoid foreign transaction fees. Check with your bank about associated fees.
- Avoid Hidden Fees: Always inquire 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 are constantly fluctuating due to international market conditions. Therefore, 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?
If you need to send money to your loved ones in Mexico and prefer them to 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 for the most updated information to make informed decisions about your money 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 generally 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 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. 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 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 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 more detailed 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’s opening rate in Mexico today?
The dollar exchange rate varies daily. To find out the exchange rate for the dollar today in Mexico through Pangea, check our dollar to 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 as of January 26, 2025, as a reference.
What will the dollar rate be in Mexico in 2025?
The dollar exchange rate in 2025 fluctuates depending on global and local economic conditions. We suggest checking with our currency converter.
How many Mexican pesos do you get per $1 dollar?
During 2025, the exchange rate is fluctuating between 19 to 20 Mexican pesos per dollar, but this figure changes constantly. Use our dollar to Mexican peso calculator to find out Pangea’s current 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 verify if there has been a new record high, 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 for tips and attractive promotions.
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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.
