Understanding the Dollar to Mexican Peso Exchange Rate and Sending Money to Mexico.
The opening dollar rate in Mexico is determined by the monetary policy of the United States and global economic activity. The Bank of Mexico analyzes this situation and releases its report midday.
Today, Thursday, February 20, 2025, the average exchange rate for the dollar in Mexico is 1 Dollar = 20.3132 Pesos ⇩ -0.0141 -0.07%, Buy $19.911, Sell $20.7155
The value of the Mexican Peso is approximately $20.31 pesos per 1 US dollar, according to today’s dollar rate in Mexico. However, this value fluctuates throughout the day.
To get the precise exchange rate whenever you need to perform a conversion between dollars and pesos, you should consult real-time information sources such as the Bank of Mexico or reliable platforms like ours. Click here to check the 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 dollar-peso exchange rate
- What is the Dollar Opening Rate in Mexico Today?
- Impact of US Monetary Policy
- Midday Currency Updates in Mexico
- What Day of the Week Does the Dollar Usually Rise?
- Market patterns and global economic events
- Influence of US elections on the dollar-peso exchange rate
- Is the Dollar Going Up or Down?
- Current dollar trends and economic factors
- Factors contributing to dollar-peso volatility
- What is the Dollar Rate at BBVA (formerly Bancomer)?
- Dollar rates in 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 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 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 dollar exchange in Mexico
- Useful tips and resources for checking real-time rates
Is the Dollar Going Up or Down?
The value of the dollar varies daily. Today, for example, the dollar has shown an upward trend due to market speculation, inflation, and other global economic factors.
Other factors that have contributed to the volatility in the dollar-peso exchange rate include:
Federal Reserve Monetary Policy:
The United States Federal Reserve (FED) has continued a restrictive monetary policy, increasing interest rates in an effort to control domestic inflation.
This tightening has generated a flow of capital towards dollar-denominated assets, which has strengthened the US currency against other currencies, including the Mexican Peso. Global investors tend to seek refuge in safer and more stable currencies, such as the dollar, in times of high volatility, contributing to the appreciation of this currency.
Global Geopolitical Tensions:
In 2025, the geopolitical landscape has been marked by tensions in various regions, such as conflicts in the Middle East and Eastern Europe. These tensions have increased uncertainty in international markets, causing investors to seek safe-haven assets, such as the US dollar. The perception of stability and security offered by the United States financial system in the face of these conflicts has boosted the demand for dollars, affecting the exchange rate with emerging currencies, including the Mexican Peso.
Commodity Prices:
The behavior of international commodity prices, especially oil, has had a direct impact on the dollar-peso relationship.
During 2024, oil prices have been volatile due to factors such as the slowdown in demand in China and OPEC production cuts.
Mexico, being an oil-exporting country, has seen fluctuations in its trade balance, which, in turn, have influenced the demand for pesos and the relationship with the dollar.
Economic Slowdown in China:
The Chinese economy, one of the main engines of global growth, showed signs of slowdown in 2024, affecting global demand for products and raw materials. Since Mexico is an important trading partner of both the United States and China, lower economic activity in China has reduced Mexican exports and weakened the peso against the dollar. In addition, the Chinese slowdown has generated a reconfiguration in global supply chains, affecting 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 raised the costs of goods and services, eroding the purchasing power of the peso. In contrast, the FED’s monetary policy has kept inflation more controlled in the United States, which has increased the global demand for dollars.
United States Fiscal and Trade Policies:
Fiscal and trade decisions made by the United States government, including adjustments in tariff policies and fiscal stimuli, have had repercussions on the trade relationship with Mexico. The implementation of protectionist policies in strategic sectors such as automotive and agriculture has increased trade barriers, affecting bilateral trade and, consequently, the strength of the peso against the dollar.
These fluctuations are common and are based on global events that are largely unpredictable but have a profound impact on the dollar’s quotation.
What is the Dollar Rate in Mexico at BBVA?
Many years ago, Bancomer used to be the name of what is now known as BBVA Mexico. Its rebranding and other changes happened relatively recently. However, many Mexicans, especially those in the United States, still strongly associate with the name “Bancomer” and continue to refer to BBVA Mexico that way.
The current dollar rate at BBVA Mexico today is $20.31 Mexican pesos, (consulted February 20, 2025). This value can fluctuate depending on currency demand, so it is essential to check the official BBVA Mexico website for the most up-to-date information on the day you are consulting. 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 according to the interbank closing rate (Excélsior)(Grupo Milenio). At bank windows, the dollar is sold at a price that varies slightly depending on the bank, for example, at Citibanamex at 20.85 pesos and at BBVA Mexico at 20.62 pesos (Excélsior)(El Economista).
This value fluctuates due to various factors, such as geopolitical tensions and economic data from the United States (Grupo Milenio).
Other banks such as Banorte and Banco Azteca offer selling prices close to 20.65 and 20.80 pesos, respectively, while in institutions like Scotiabank, the dollar can reach up to 20.82 pesos on 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, regarding its parity with the dollar.
Each country has its own dollar-local currency parity. In Mexico, the Bank of Mexico is the one that publishes the official value of the American currency. Even so, all banks may have different buying and selling prices of dollars, as convenient for each of the financial entities.
Is the Dollar Strong in Mexico Right Now?
Currently, the value of the dollar in Mexico is in a relatively stable range, although it has shown a moderate appreciation trend in recent days. While the Mexican Peso has managed to maintain some strength against the dollar compared to previous peaks, the US currency remains strong, influenced by global factors such as geopolitical tensions and US economic data.
Regionally, the Mexican Peso has had days of appreciation against other Latin American currencies, but the strength of the dollar has been maintained, especially due to market caution in the face of global risks. This suggests that although the dollar has not reached historically high values, it remains a strong currency in the current context.
In 2024, it is anticipated that the dollar’s fluctuation will depend on the internal economic and political stability of Mexico, in addition to global influences. The value of the dollar will be affected by exports of raw materials such as silver, which are vital for Mexico.
What is the Dollar Rate in Mexico Today Through Western Union?
Western Union is a company that provides currency exchange services, among many others, with the current exchange rate of the Mexican Peso being approximately $20.31 pesos. The amount of money sent can significantly vary the exchange rate depending on the date this operation is performed. We recommend checking our rate calculator as well so you can make your money transfers with Pangea when it suits you best.
What is Today’s Dollar Rate at Bancoppel?
If you plan to send money to Mexico and prefer it to be picked up at Bancoppel, it is essential to know the current dollar to Mexican Peso exchange rate offered by this institution. We invite you to consult our section on the Dollar Rate Today at Bancoppel to ensure you get the best information and make the most of your shipment.
Where Can You Find the Best Peso Exchange Rate?
To find a reference for the dollar to Mexican Peso exchange rate today, you can compare the rates offered by Pangea with different banks, exchange houses, and online platforms.
Here you can find a comparison as of January 26, 2025, between different banks in Mexico.
Dollar Rate in Mexico Today
Follow some of these tips to guide you:
- Banks and exchange houses: Visit or check online several 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 applications that compare exchange rates in real-time between different providers. Some popular platforms include X-Rates and XE.
- International debit and credit cards: Some cards offer favorable exchange rates and can save you commissions on foreign transactions. Check with your bank about associated fees.
- Avoid hidden commissions: Always ask about potential commissions or additional charges that may affect the effective exchange rate you will receive.
- Negotiation: If you plan to exchange a large amount of money, you may be able to negotiate a more favorable rate with some exchange houses.
Remember that exchange rates fluctuate constantly due to international market conditions. Therefore, it is advisable to verify current rates before making the transaction to ensure you get the best possible deal.
What is Today’s Dollar Rate at Elektra?
If you need to send money to your loved ones in Mexico and prefer them to pick it up at payment points like Elektra stores, it is important to know the current dollar to Mexican Peso exchange rate at Elektra. We invite you to visit our dedicated section on the Dollar Rate Today at Elektra to get the most up-to-date information and make informed decisions about your shipment.
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 may vary depending on the financial institution or exchange house in Mexicali.
The dollar exchange rate is lower in the border region of Mexico than in the central or southern states due to several economic and market factors. Some of the main reasons are:
- 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 price of the dollar in terms of Mexican pesos.
- Competition Among Exchange Houses: In border cities, there are many exchange houses and banks that offer currency exchange services. High competition can lead to offering more favorable exchange rates to attract more customers.
- Economic Integration with the United States: The economies of border regions are more integrated with the US economy. This facilitates transactions in dollars and may influence lower local demand for dollars, affecting the exchange rate.
- Lower Relative Demand for Dollars: In border areas, many commercial transactions are carried out directly in dollars, which reduces 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 the central and southern states, the transportation and distribution of dollars may involve additional costs and logistical limitations, which may increase the price of the dollar 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 of dollars by the current exchange rate, or you can click on the following link: convert US dollar to Mexican Peso, to analyze this transaction further.
QUICK NOTES
The following are frequently asked questions from other users like you related to this topic. We hope the following information is helpful:
What was the dollar opening rate in Mexico today?
The dollar exchange rate varies every day. To find out the exchange rate for the dollar today in Mexico 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. Refer to the following comparative table for January 26, 2025, and use it as a reference.
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 verifying using our currency converter.
How many Mexican pesos do you get for $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 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 risen 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 get the maximum return on your dollars when you send them to your family or friends in Mexico, check our Blog. There you will find tips and attractive promotions for you.
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LEGAL NOTICE – This content is for informational purposes only. Pangea and its affiliates do not offer financial, legal, investment, or tax advice.
