Sending money to Mexico or keeping track of your finances across borders requires understanding the dollar to Mexican Peso exchange rate. The value of the dollar in Mexico is dynamic, influenced by a mix of U.S. monetary policy and global economic activity. The Bank of Mexico carefully analyzes these factors and releases updates throughout the day.
Today, Thursday, February 20, 2025, the average exchange rate is approximately 1 Dollar = 20.3132 Pesos ⇩ -0.0141 -0.07%, Buy $19.911, Sell $20.7155
Currently, the Mexican Peso is valued at around $20.31 pesos per 1 U.S. dollar. However, this rate is not static; it fluctuates constantly throughout the day.
For the most up-to-date exchange rate when you need to convert dollars to pesos, it’s crucial to consult real-time sources. Reliable platforms include the Bank of Mexico and reputable financial websites, like ours. Click here for the real-time dollar to peso exchange rate in Mexico.
Table of Contents
- Understanding the Dollar to Peso Exchange Rate
- Overview of the dollar’s value in Mexico
- Key factors influencing the USD to MXN exchange rate
- What’s the Dollar’s Opening Rate in Mexico Today?
- The impact of U.S. Monetary Policy
- Mid-day currency updates in Mexico
- Which Day of the Week Does the Dollar Typically Rise?
- Market patterns and global economic events
- The influence of U.S. elections on the dollar-peso 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 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 Rates Through Western Union
- Benefits and fluctuations in transfer rates
- Checking current rates with Pangea
- Where to Find the Best Exchange Rate?
- Comparing banks and exchange platforms
- Tips for maximizing your 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 converters
- 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 dollar’s value changes daily. Recently, the dollar has shown an upward trend due to market speculation, inflation, and various global economic factors.
Several factors 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, continuing to raise interest rates to combat domestic inflation.
This tightening policy has driven capital flows towards dollar-denominated assets, strengthening the U.S. dollar against other currencies, 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 marked by tensions in regions like the Middle East and Eastern Europe. These tensions have increased uncertainty in international markets, causing investors to seek safe-haven assets, such as the U.S. dollar. The perceived stability and security of the U.S. financial system amidst these conflicts have 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 dollar-peso relationship.
Oil prices have been volatile due to factors like slowing demand in China and OPEC production cuts.
As an oil-exporting nation, Mexico’s trade balance fluctuates, which in turn influences 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 slowing down, affecting global demand for products and raw materials. Mexico, a significant trading partner with both the U.S. and China, has seen reduced exports due to China’s economic slowdown, weakening the peso against the dollar. Furthermore, China’s deceleration has led to a reconfiguration of global supply chains, impacting 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 contained 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. 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 normal and driven by global events that are hard to predict but have a significant impact on the dollar’s value.
Image: Chart illustrating the fluctuating value of the dollar against the Mexican Peso.
What is the Dollar Exchange Rate at BBVA (formerly Bancomer)?
Many years ago, Bancomer was the name of what is now BBVA Mexico. Despite the rebranding and other changes, many Mexicans, especially those in the United States, still fondly remember and refer to BBVA Mexico as “Bancomer.”
The current dollar exchange rate at BBVA Mexico, as of today, is $20.31 Mexican pesos (consulted 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 updated information on the day you need it. You can also check the dollar price in Mexico today with us.
How Many Mexican Pesos Do You Get Per $1 Dollar?
The dollar price in Mexico today, February 20, 2025, is around $20.31 pesos per dollar according to the interbank closing rate (Excélsior)(Grupo Milenio). At bank branches, the selling price of the dollar varies slightly from bank to 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 institutions like Scotiabank may sell dollars for as much as 20.82 pesos.
This reflects the volatility of financial markets, which respond 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, the Bank of Mexico publishes the official value of the U.S. dollar. However, each bank can set different buying and selling prices for dollars based on their operational needs.
Is the Dollar Strong in Mexico Right Now?
Currently, the dollar’s value in Mexico is relatively stable, although it has shown a moderate upward 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 hasn’t reached historical highs, it remains a strong currency in the current context.
Fluctuations in the dollar’s value in 2024 are expected to depend on Mexico’s domestic 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 Dollar to Peso Exchange Rate Today Through Western Union?
Western Union provides currency exchange services, among many others. The current exchange rate is around $20.31 Mexican pesos per dollar. The amount of money you send can significantly affect the exchange rate depending on when you make the transaction. We recommend checking our rate calculator to make your money transfers with Pangea when it’s 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, knowing the current dollar to Mexican Peso exchange rate at this institution is essential. Visit our section on Today’s Dollar Price 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 dollar to Mexican Peso exchange rate today, compare rates offered by Pangea with various banks, exchange houses, and online platforms.
Here is a comparison from January 26, 2025, among different banks in Mexico.
Dollar Price 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. 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 save you on foreign transaction fees. Check with your bank about associated fees.
- Avoid Hidden Fees: Always ask about potential fees or surcharges 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, exchange rates constantly fluctuate 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 Price 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 dollar to Mexican Peso exchange rate at Elektra. Visit our dedicated section on Today’s Dollar Price at Elektra for the most updated information to make informed decisions about your transfer.
What is the Dollar Rate in Mexicali, Mexico?
As of February 2025, the dollar to Mexican Peso exchange rate 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 U.S. dollars due to international trade, tourism, and remittances from people working in the United States. This abundance of dollars increases local supply, potentially reducing 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 dollar transactions and can reduce local demand for dollars, affecting the exchange rate.
- Lower Relative Demand for Dollars: In border areas, many commercial transactions occur directly in dollars, reducing the need to exchange dollars to 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 levels of foreign investment, tourism activity, and international trade, can affect dollar supply and demand, influencing regional exchange rates.
Easy Ways to Convert Pesos to U.S. Dollars
You can use online currency converters 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 the following link: convert U.S. dollars to Mexican pesos for a deeper 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’s opening rate in Mexico today?
The dollar exchange rate varies daily. To find today’s dollar exchange rate in Mexico 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. Use the following comparative table from January 26, 2025, as a reference.
Image: A comparative chart displaying the dollar to peso exchange rate as of January 26, 2025.
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?
In 2025, the exchange rate has generally ranged between 19 to 20 Mexican pesos per dollar, but this figure is constantly changing. Use our dollar to Mexican peso calculator to see 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 check if there has been a new record high, consult updated financial sources.
Thank you for reading. For more information on the financial market and how to maximize your dollars when sending money 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.
