Understanding the USD to MXN Exchange Rate
The value of the US dollar in Mexico, or the USD to Mexican Peso (MXN) exchange rate, is influenced by a complex interplay of factors, including US monetary policy and global economic activity. Banco de México (Banxico), the country’s central bank, closely monitors these dynamics and provides updates, usually around midday, regarding the average exchange rate.
Current Exchange Rate Snapshot: Thursday, February 20, 2025
As of today, Thursday, February 20, 2025, the average exchange rate is approximately $20.3132 Mexican pesos per 1 US dollar. This represents a slight decrease of -0.0141 or -0.07% from the previous day. Specifically, the average buy rate is around $19.911 MXN, and the average sell rate is about $20.7155 MXN.
It’s important to remember that this is an average, and the actual exchange rate fluctuates throughout the day. For the most accurate, real-time exchange rate when you need to convert dollars to pesos, always consult reliable sources like Banco de México or reputable financial platforms – you can check the current dollar exchange rate in Mexico here.
Table of Contents
- Introduction
- Overview of the Dollar’s Value in Mexico
- Key Factors Influencing the USD/MXN Exchange Rate
- Current Dollar Value in Mexico
- Impact of U.S. Monetary Policy
- Midday Currency Updates in Mexico
- Day of the Week and Dollar Appreciation
- Market Patterns and Global Economic Events
- Influence of U.S. Elections on the USD/MXN Rate
- Dollar Trends: Rising or Falling?
- Current Dollar Trends and Economic Factors
- Factors Contributing to USD/MXN Volatility
- Dollar Exchange Rates at BBVA (formerly Bancomer)
- Dollar Rates in Popular Mexican Banks
- Real-Time Rate Sources
- Mexican Pesos per Dollar: Bank Rates
- USD/MXN Rates at Major Mexican Banks
- Influences on Rate Variations
- Dollar Strength in Mexico Today
- 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
- Finding the Best Exchange Rate
- Comparing Banks and Exchange Platforms
- Tips for Maximizing Exchange Rates
- Dollar Exchange Rate in Mexicali
- Regional Variations in Dollar Exchange Rates
- Reasons Border Cities Offer Better Rates
- Easy Ways to Convert Pesos to Dollars
- Using Online Currency Calculators
- Quick Links for USD/MXN Conversion
- Quick Questions and Answers
- FAQs about Dollar Exchange in Mexico
- Helpful Tips and Resources for Real-Time Rates
Dollar Trends: Is the Dollar Going Up or Down?
The dollar’s value is dynamic, changing daily. Recently, the dollar has shown an upward trend, driven by market speculation, inflation, and various global economic factors.
Several factors contribute to the volatility of the USD/MXN exchange rate:
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 attracted capital flows towards dollar-denominated assets, strengthening the dollar against other currencies, including the Mexican peso. In times of high volatility, global investors tend to seek safer, more stable currencies like the dollar, further contributing to its appreciation.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 is marked by tensions in regions such as the Middle East and Eastern Europe. These tensions increase uncertainty in international markets, prompting investors to seek safe-haven assets like the US dollar. The perceived stability and security of the U.S. financial system in the face of these conflicts has boosted demand for dollars, impacting exchange rates with emerging market currencies, including the Mexican peso.
Commodity Prices:
International commodity price movements, particularly oil prices, directly affect the USD/MXN exchange rate. In 2024, oil prices were volatile due to factors like slowing demand in China and OPEC production cuts. As an oil-exporting nation, Mexico’s trade balance fluctuates with oil prices, influencing the demand for pesos and its relationship 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 goods and raw materials. Mexico, a significant trading partner of both the United States and China, has seen reduced exports due to China’s slowdown, weakening the peso against the dollar. This deceleration has also reshaped 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 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 by the U.S. government, including tariff policy adjustments and fiscal stimulus, have repercussions for trade relations with Mexico. Protectionist policies in strategic sectors like automotive and agriculture have increased trade barriers, impacting bilateral trade and consequently, the peso’s strength against the dollar.
These fluctuations are normal and driven by global events that are difficult to predict but significantly impact the dollar’s exchange rate.
Alt text: Table comparing Dollar to Mexican Peso exchange rates at different banks in Mexico as of January 26, 2025.
What is the Dollar Exchange Rate at BBVA (formerly Bancomer)?
Many years ago, Bancomer was rebranded as BBVA Mexico. Despite the name change and other evolutions, many Mexicans, especially 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 $20.31 Mexican pesos (as of February 20, 2025). This rate can fluctuate based on currency demand. It’s crucial to check the official BBVA Mexico website for the most up-to-date information on the day you need it. You can also find the current dollar exchange rate in Mexico with us.
How Many Mexican Pesos Do You Get for $1 Dollar?
Today, February 20, 2025, the exchange rate is around $20.31 pesos per dollar according to the interbank closing rate (Excélsior, Grupo Milenio). Bank rates for selling dollars vary slightly, 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 like geopolitical tensions and U.S. economic data (Grupo Milenio).
Other banks like Banorte and Banco Azteca offer selling rates near 20.65 and 20.80 pesos, respectively. At institutions like Scotiabank, the selling rate can reach up to 20.82 pesos.
These variations reflect the volatility of financial markets responding to global events and domestic policies. Recent discussions around judicial reform in Mexico have also caused movements in the Mexican currency against the dollar.
Each country has its own dollar-to-local currency exchange rate. In Mexico, Banco de México publishes the official dollar value. However, individual banks can set different buying and selling rates based on their own financial considerations.
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 dollar remains strong, influenced by global factors like 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 persists, particularly due to market caution regarding global risks. This suggests that while the dollar may not be at 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’s economy.
What is the Dollar Exchange Rate in Mexico through Western Union?
Western Union provides currency exchange services, among other financial services. The current exchange rate for the Mexican peso is approximately $20.31 pesos per dollar. The exchange rate can vary significantly depending on when you make a transaction. We recommend checking our rate calculator to make your money transfers with Pangea at the most favorable time.
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 essential to know Bancoppel’s current USD to MXN exchange rate. Please check our section on Today’s Dollar Exchange Rate at Bancoppel to ensure you have the best information and maximize your transfer.
Where Can You Find the Best Peso Exchange Rate?
To find a reference for the current dollar to Mexican peso exchange rate, compare rates offered by Pangea with different banks, exchange houses, and online platforms.
Here is a comparison from January 26, 2025, among different banks in Mexico:
[See image above – same image is reused here]
Follow these tips for guidance:
- 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 can avoid foreign transaction fees. Check with your bank about associated fees.
- Avoid Hidden Fees: Always ask about potential fees or additional charges that can affect the effective exchange rate.
- 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, exchange rates fluctuate constantly due to international market conditions. It’s advisable to verify current rates before making a transaction to ensure you get the best possible deal.
What is Today’s Dollar Exchange Rate at Elektra?
If you need to send money to loved ones in Mexico and prefer pickup locations like Elektra stores, it’s important to know the current USD to MXN exchange rate at Elektra. Please visit our dedicated section on Today’s Dollar Exchange 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 in Mexicali, Mexico, for the US dollar to 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 often lower in border regions 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 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 lower 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 intense competition can lead to more favorable exchange rates to attract customers.
- Economic Integration with the United States: Border region economies are more integrated with the US economy. This facilitates dollar transactions and can reduce local dollar demand, affecting the exchange rate.
- Lower Relative Dollar Demand: 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, 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.
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 dollar amount by the current exchange rate. You can also click the following link to convert US dollars to Mexican pesos for a more detailed analysis of this transaction.
QUICK NOTES
Here are some frequently asked questions from users like you related to this topic. We hope the following information is helpful:
What was the dollar exchange rate in Mexico this morning?
The dollar exchange rate varies daily. To find today’s dollar exchange rate in Mexico through Pangea, consult our dollar to peso converter. You can also check 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, above as a 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 for the latest rates.
How many Mexican pesos do you get for $1 dollar?
In 2025, the exchange rate has been fluctuating between 19 to 20 Mexican pesos per dollar, but this figure constantly changes. Use our dollar to Mexican peso calculator for Pangea’s current exchange rate.
What is the abbreviation for dollar?
The common abbreviation for the US dollar is USD (United States Dollar), and the symbol is $. US$ is sometimes used to differentiate it from other dollar-based currencies.
What is the highest the dollar has ever reached 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. For the most up-to-date record highs, consult current financial sources.
Thank you for reading. For more information on the financial market to maximize your dollars when sending money to family or friends in Mexico, check 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.
