Key Facts and Insights for Sending Dollars to Mexico
The dollar’s exchange rate against the Mexican Peso as the day begins in Mexico is influenced by both the monetary policy of the United States and broader global economic activity. The Banco de México (Bank of Mexico) analyzes these factors to provide an official midday update.
As of Thursday, February 20, 2025, the average exchange rate of the dollar in Mexico is 1 Dollar = 20.3132 Pesos ⇩ -0.0141 -0.07%, Buy $19.911, Sell $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. It’s important to note that this rate is not static and fluctuates throughout the day.
For the most accurate and up-to-the-minute exchange rate, especially when you need to perform a currency conversion, it’s best to consult real-time sources. Reliable sources include the Banco de México and trusted platforms like ours. Click here to check the real-time exchange rate: Dollar Price in Mexico Today.
Table of Contents
- Understanding the Dollar’s Value in Mexico
- Overview of the Dollar to Peso Exchange Rate
- Key Factors Influencing the Exchange Rate
- What’s the Dollar’s Opening Rate in Mexico Today?
- Impact of U.S. Monetary Policy
- Midday Currency Updates in Mexico
- What 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 Rising or Falling?
- Current Dollar Trends and Economic Factors
- Factors Contributing to Dollar-Peso 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
- Checking 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 Real-Time Rates
Is the Dollar Trending Up or Down?
The value of the dollar is subject to daily fluctuations. Recently, the dollar has shown an upward trend, influenced by market speculation, inflation, and various global economic factors.
Several elements have contributed to the volatility of the dollar-to-peso exchange rate:
Federal Reserve Monetary Policy:
The U.S. Federal Reserve (FED) has maintained a restrictive monetary policy, continuing to raise 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 high volatility, global investors tend to seek refuge in safer, more stable currencies like the dollar, further contributing to its appreciation.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 has been marked by tensions in regions such as 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 of the U.S. financial system amidst these conflicts have increased the demand for dollars, impacting exchange rates with emerging market currencies, including the Mexican Peso.
Commodity Prices:
Movements in international commodity prices, especially oil, directly affect the dollar-peso relationship. In 2024, oil prices were volatile due to factors like slowed demand in China and OPEC production cuts. As an oil-exporting nation, Mexico has experienced trade balance fluctuations, influencing 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 partnerships with both the U.S. and China, reduced Chinese economic activity has decreased Mexican exports, weakening the peso against the dollar. Furthermore, the Chinese slowdown has led to 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, diminishing 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 tariff policy adjustments 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 rooted in often unpredictable global events, which nonetheless profoundly impact the dollar’s valuation.
What is the Dollar Rate at BBVA (formerly Bancomer) in Mexico?
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 strongly associate the bank with the name “Bancomer” and continue to refer to BBVA Mexico as such.
The current dollar exchange rate at BBVA Mexico today is $20.31 Mexican pesos (rate checked 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 current information on the day you need it. Alternatively, you can also check the dollar price in Mexico today with us for up-to-date rates.
How Many Mexican Pesos Do You Get 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). In bank windows, the selling price of the dollar varies slightly by bank. For example, Citibanamex sells at 20.85 pesos and BBVA Mexico at 20.62 pesos (Excélsior, El Economista).
This value changes due to factors like geopolitical tensions and U.S. economic data (Grupo Milenio).
Other banks such as Banorte and Banco Azteca offer selling prices near 20.65 and 20.80 pesos, respectively, while institutions like Scotiabank may sell dollars for up to 20.82 pesos.
These variations reflect 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, the Banco de México publishes the official value of the U.S. dollar. However, individual banks may have different buying and selling prices for dollars, depending on their financial strategies.
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 maintained 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 on some days, but the dollar’s strength has persisted, particularly due to market caution regarding global risks. This suggests that while the dollar has not reached historical highs, 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 crucial for Mexico.
What is the Dollar Price in Mexico Today Through Western Union?
Western Union, a company that provides currency exchange services among many others, currently lists the Mexican Peso exchange rate at approximately $20.31 pesos per dollar. The exchange rate can vary significantly depending on the amount of money being sent and the date of the transaction. We recommend checking our rate calculator as well, so you can make your money transfers with Pangea when it is most advantageous for you.
What is Today’s Dollar Price 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 Price 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 today’s dollar to Mexican Peso exchange rate, you can compare the 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.
[Image of Dollar Price Comparison Table]
Here are some tips to guide you:
- Banks and Exchange Houses: Visit or check online the rates of various banks and exchange houses to compare. 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 help you avoid foreign transaction fees. Check with your bank about associated fees.
- Avoid Hidden Fees: Always ask 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 fluctuate constantly due to international market conditions. 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 at 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, knowing the current dollar to Mexican Peso exchange rate at Elektra is important. We invite you to visit our dedicated section on Today’s Dollar Price at Elektra to get the most up-to-date information and make informed decisions about your transfer.
What is the Dollar 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 tends to be 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 flow of U.S. dollars from international trade, tourism, and remittances from people working in the United States. This abundance increases local supply, which can lower 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 dollar demand, 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 exchange demand 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 dollar supply and demand, 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 in-depth analysis of this transaction.
QUICK NOTES
Here are some frequently asked questions from users like you related to this topic. We hope you find the following information 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 in Mexico today 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 from January 26, 2025, below 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 our currency converter for the latest rates.
How many Mexican pesos do you get per $1 dollar?
During 2025, the exchange rate is 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 current 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. 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 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.
