Key Facts and Insights on Sending Dollars to Mexico
The Mexican Peso exchange rate is influenced by a complex interplay of factors, primarily driven by the monetary policy of the United States and global economic activity. The Banco de México carefully analyzes these dynamics to provide daily insights, typically issuing updates around midday.
As of Thursday, February 20, 2025, the average exchange rate for the Mexican Peso stands at 1 US Dollar = 20.3132 Mexican Pesos ⇩ -0.0141 -0.07%, Buy $19.911, Sell $20.7155
Currently, one US dollar is valued at approximately $20.31 Mexican pesos, according to today’s exchange rate in Mexico. However, it’s crucial to remember that this value is subject to intraday fluctuations.
For the most up-to-date and precise exchange rate, especially when conducting currency conversions between US dollars and Mexican pesos, it is recommended to consult real-time sources. The Banco de México and reputable platforms like ours provide the most current information. For live updates, you can check the Mexican Peso exchange rate today.
Table of Contents
- Understanding the Mexican Peso Exchange Rate
- Overview of the Mexican Peso’s Value Against the Dollar
- Key Factors Influencing the USD to Mexican Peso Exchange Rate
- What is Today’s Mexican Peso Exchange Rate?
- The Impact of U.S. Monetary Policy on the Peso
- Midday Currency Updates in Mexico
- Typical Trends: Which Day of the Week Does the Dollar Rise?
- Market Patterns and Global Economic Events
- The Influence of U.S. Elections on the Dollar-Peso Rate
- Is the Dollar Rising or Falling Against the Peso?
- 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 Resources
- How Many Mexican Pesos per Dollar?
- Exchange Rates at Major Mexican Banks
- Factors Influencing 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
- Checking Current Rates with Pangea
- Where to Find the Best Exchange Rate for Mexican Pesos
- Comparing Banks and Exchange Platforms
- Tips for Maximizing Your Exchange Rate
- Mexican Peso Exchange Rate in Mexicali
- Regional Variations in Dollar Exchange Rates
- 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 Exchanging Dollars in Mexico
- Helpful Tips and Resources for Real-Time Rates
Dollar vs. Peso: Is the Dollar Rising or Falling?
The value of the dollar against the Mexican peso is not static; it fluctuates daily. Recently, the dollar has shown an upward trend, primarily due to market speculation, inflation, and broader global economic factors.
Several factors have contributed to the volatility observed in 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 to combat domestic inflation.
This hawkish stance has spurred a flow of capital towards dollar-denominated assets, thereby strengthening the US currency against others, including the Mexican peso. In times of heightened volatility, global investors often seek refuge in safer, more stable currencies like the dollar, contributing to its appreciation.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 has been fraught with tensions across various regions, notably conflicts in the Middle East and Eastern Europe. These tensions have escalated uncertainty in international markets, prompting investors to seek safe-haven assets, such as the US dollar. The perceived stability and security of the U.S. financial system in the face of these conflicts have bolstered demand for dollars, impacting exchange rates with emerging market currencies, including the Mexican peso.
Commodity Prices:
International commodity price movements, particularly in oil, directly impact 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 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:
China’s economy, a major engine of global growth, showed signs of deceleration in 2024, affecting worldwide demand for products and raw materials. Given Mexico’s significant trade partnerships 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 triggered a reconfiguration of global supply chains, impacting 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 peso’s purchasing power. Conversely, 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 to 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 stem from global events that are often unpredictable but profoundly impact the dollar’s valuation.
What is the Mexican Peso Exchange Rate at BBVA (formerly Bancomer)?
Many years ago, Bancomer was rebranded and is now known as BBVA México. Despite the name change and other evolutions, many Mexicans, especially those in the United States, still fondly refer to BBVA México as “Bancomer.”
The current Mexican Peso exchange rate at BBVA México is $20.31 pesos per US dollar (data accessed February 20, 2025). This rate can fluctuate based on currency demand. It is essential to check the official BBVA México website for the most up-to-date information on the day you need it. Alternatively, you can find the current Mexican Peso exchange rate with us.
How Many Mexican Pesos Do You Get Per Dollar?
Today, February 20, 2025, the Mexican Peso exchange rate is approximately $20.31 pesos per dollar according to the interbank closing rate (Excélsior, Grupo Milenio). At bank teller windows, the selling price of the dollar varies slightly among banks. For instance, Citibanamex sells at 20.85 pesos and BBVA México at 20.62 pesos (Excélsior, El Economista).
This rate fluctuates due to various factors, including geopolitical tensions and economic data releases from the United States (Grupo Milenio).
Other banks like Banorte and Banco Azteca offer selling prices around 20.65 and 20.80 pesos, respectively, while institutions like Scotiabank may sell dollars for as much as 20.82 pesos.
This reflects the volatility of financial markets, which react 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-local currency parity. In Mexico, the Banco de México publishes the official value of the US dollar. However, each bank may set different buying and selling prices for dollars, depending on their financial strategies.
Is the Dollar Strong Against the Mexican Peso Right Now?
Currently, the dollar’s value in Mexico is in a relatively stable range, although 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 such as geopolitical tensions and U.S. economic data.
Regionally, the Mexican peso has seen 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.
In 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 be affected by exports of raw materials like silver, which are vital for Mexico.
What is the Mexican Peso Exchange Rate Today Through Western Union?
Western Union 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 being sent can significantly affect the exchange rate, depending on when the transaction is made. We recommend also checking our rate calculator to make your money transfers with Pangea when it is most advantageous for you.
What is the Mexican Peso Exchange Rate Today at Bancoppel?
If you plan to send money to Mexico and prefer it to be collected at Bancoppel, knowing the current dollar to Mexican peso exchange rate offered by this institution is essential. We invite you to check our section on the Mexican Peso Exchange Rate Today at Bancoppel to ensure you get the best information and maximize your transfer.
Where Can You Find the Best Mexican Peso Exchange Rate?
To find a reference for the current dollar to Mexican peso exchange rate, you can compare 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.
Here are some 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 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. Therefore, it is advisable to verify current rates before making a transaction to ensure you get the best possible deal.
What is the Mexican Peso Exchange Rate Today at Elektra?
If you need to send money to loved ones in Mexico and prefer collection points like Elektra stores, it’s important to know the current dollar to Mexican peso exchange rate at Elektra. Please visit our dedicated section on the Mexican Peso Exchange Rate Today 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 US 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 tends to be lower in the Mexican border region 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 US 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 Mexican pesos.
- Competition Among Exchange Houses: Border cities have 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 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 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 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 in 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 you find the following information helpful:
What is Today’s Mexican Peso Exchange Rate?
The dollar exchange rate varies daily. To find the current Mexican Peso exchange rate 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, below for 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.
How Many Mexican Pesos Do You Get Per $1 Dollar?
Throughout 2025, the exchange rate has ranged between 19 to 20 Mexican pesos per dollar, but this figure constantly changes. 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, consult updated financial sources.
Thank you for reading. For 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 for helpful 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.
