Your Guide to Navigating Currency Exchange when Sending Money to Mexico
The interplay of US monetary policy and global economic activity dictates the dollar’s exchange rate as the day begins in Mexico. Banco de México (Banxico), the country’s central bank, meticulously analyzes these dynamics and releases its official rate updates around midday.
As of Thursday, February 20, 2025, the average exchange rate for the US Dollar in Mexico stands at 1 Dollar = 20.3132 Pesos ⇩ -0.0141 -0.07%, with a Buy rate of $19.911 and a Sell rate of $20.7155.
Currently, the Mexican Peso is valued at approximately $20.31 pesos per 1 US dollar, according to today’s dollar rate in Mexico. However, it’s crucial to remember that this value is subject to intraday fluctuations.
For the most precise exchange rate when you need to convert dollars to pesos, it’s essential to consult real-time sources. Reliable platforms include Banco de México’s official website or trusted financial websites, like ours. Click here to check the real-time exchange rate for the dollar rate in Mexico today.
Table of Contents
- Introduction
- Overview of the Dollar’s Value in Mexico
- Key Factors Influencing the USD to MXN Exchange Rate
- What’s the Dollar 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 USD to MXN Exchange Rate
- Is the Dollar Rising or Falling?
- Current Dollar Trends and Economic Factors
- Factors Contributing to USD to MXN Volatility
- What is the Dollar 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 USD to MXN Conversion
- Quick Questions and Answers
- FAQs About Dollar Exchange in Mexico
- Helpful Tips and Resources for Checking Real-Time Rates
Is the Dollar Rising or Falling?
The dollar’s value fluctuates daily. For instance, today, the dollar has shown an upward trend due to market speculation, inflation, and various global economic factors.
Several factors have contributed to the volatility in the USD to MXN exchange rate, including:
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 spurred capital flows towards dollar-denominated assets, strengthening the US 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, contributing to its appreciation.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 is marked by tensions across different 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, like the US dollar. The perceived stability and security offered by the U.S. financial system in the face of these conflicts has boosted dollar demand, impacting exchange rates with emerging market currencies, including the Mexican peso.
Commodity Prices:
International commodity price movements, particularly oil prices, directly impact the USD to MXN relationship. Throughout 2024, oil prices have been volatile due to factors like slowing demand in China and OPEC production cuts. As an oil-exporting nation, Mexico 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, impacting global demand for products and raw materials. Given Mexico’s significant trade partnership with both the United States and China, reduced economic activity in China has lowered Mexican exports and weakened the peso against the dollar. Furthermore, the Chinese slowdown has triggered a reconfiguration in global supply chains, affecting trade and financial flows across 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. 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 stimulus, have 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 peso’s strength against the dollar.
These fluctuations are common and rooted in global events that are hard to foresee but profoundly impact the dollar’s valuation.
What is the Dollar Rate in Mexico at BBVA (formerly Bancomer)?
Many years ago, Bancomer was the former name of what is now 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 rate at BBVA Mexico, as of today, is $20.31 Mexican pesos (consulted on February 20, 2025). This rate can fluctuate based on currency demand, so it’s 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 rate in Mexico today with us.
How Many Mexican Pesos Do You Get for $1 Dollar?
The dollar rate in Mexico today, February 20, 2025, is around $20.31 pesos per dollar based on 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 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 at institutions like Scotiabank, the dollar can reach up to 20.82 pesos 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 generated 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 value of the US currency. Even so, all banks may have different buying and selling dollar rates, depending on each financial institution’s policies.
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 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 experienced days of appreciation against other Latin American currencies. However, the dollar’s strength has persisted, especially due to market caution amid global risks. This suggests that even though the dollar hasn’t 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 dollar’s value will be affected by exports of raw materials like silver, which are vital for Mexico.
What is the Dollar Rate 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 converter to make your money transfers with Pangea when it’s most advantageous for you.
What is Today’s Dollar Rate in Mexico at Bancoppel?
If you plan to send money to Mexico and prefer it to be picked up at Bancoppel, it is 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 Rate 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.
Here is a comparison as of January 26, 2025, between different banks in Mexico.
Dollar Rate in Mexico Today
Follow these tips to guide you:
- 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 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 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 Today’s Dollar Rate in Mexico 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 Today’s Dollar Rate at Elektra for the most up-to-date information and to make informed decisions about your transfer.
What is the Dollar 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 border region of Mexico compared to central or southern states due to several economic and market factors. Some main 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 a high concentration of exchange houses and banks offering currency exchange services. This 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 influence 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 of 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 deeper analysis of this transaction.
QUICK NOTES
The following are frequently asked questions from users like you related to this topic. We hope you find the following information helpful:
What was the dollar rate in Mexico when the day opened today?
The dollar exchange rate varies daily. To find out the exchange rate for the dollar in Mexico today through Pangea, consult our dollar to Mexican 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. Use the following comparative table from January 26, 2025, as a reference.
alt: Comparative table of dollar exchange rates in Mexico from January 26, 2025, showing rates from different banks and financial institutions.
What will the dollar rate be in Mexico today 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?
During 2025, the exchange rate ranges between 19 to 20 Mexican pesos per dollar, but this figure constantly changes. Use our dollar to Mexican peso calculator to find out the exchange 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 verify 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 your family or friends in Mexico, check out our Blog. There you will find tips and attractive promotions for you.
————
LEGAL NOTICE – This content is for informational purposes only. Pangea and its affiliates do not offer financial, legal, investment, or tax advice.
