Key Facts to Understand When Sending Dollars to Mexico
The opening value of the dollar in Mexico is shaped by the monetary policy of the United States and global economic activities. The Bank of Mexico analyzes these dynamics to provide midday updates.
On 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 U.S. dollar, according to today’s dollar price in Mexico. It’s important to note that this rate can fluctuate throughout the day.
For the most up-to-date exchange rate, especially when you need to convert dollars to pesos, it’s essential to consult real-time sources. Reliable platforms like the Bank of Mexico or our website provide these updates. Click here to see the current dollar exchange rate in Mexico.
Table of Contents
- Understanding the Dollar’s Value in Mexico
- Overview of the dollar to peso exchange rate
- Key factors influencing the USD to MXN rate
- What’s the Dollar’s Opening Rate in Mexico Today?
- Impact of U.S. monetary policy on the exchange rate
- Midday currency updates in Mexico
- Which Day of the Week Typically Sees the Dollar Rise?
- Market patterns and global economic events affecting USD/MXN
- The 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 Exchange Rate at BBVA (formerly Bancomer)?
- Dollar rates at popular Mexican banks
- Real-time rate sources for BBVA
- How Many Mexican Pesos per $1 Dollar?
- Dollar exchange rates at major banks in Mexico
- Influences on rate variations across banks
- Is the Dollar Strong in Mexico Right Now?
- Dollar stability and peso trends
- Future projections for dollar strength in Mexico
- Dollar Exchange Rate Through Western Union
- Advantages and rate fluctuations for money transfers
- Checking current rates with Pangea
- Where to Find the Best Dollar to Peso Exchange Rate?
- Comparing rates across banks and exchange platforms
- Tips for maximizing your exchange rate
- Dollar Exchange Rate in Mexicali
- Regional variations in dollar exchange rates within Mexico
- Reasons for better rates in border cities
- Easy Ways to Convert Pesos to Dollars
- Using online currency converters for quick calculations
- Quick links for USD to MXN conversion
- Quick Questions and Answers
- FAQs about dollar exchange in Mexico
- Helpful tips and resources for real-time rate checks
Is the Dollar Trending Up or Down?
The dollar’s value is in constant flux. Recently, the dollar has shown an upward trend due to 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, consistently raising interest rates to combat 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 often seek refuge in safer, more stable currencies like the dollar, further driving up its value.
Global Geopolitical Tensions:
The geopolitical landscape in 2025 is marked by tensions in regions like the Middle East and Eastern Europe. These tensions have increased uncertainty in international markets, prompting 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 like the Mexican Peso.
Commodity Prices:
International commodity price movements, especially in oil, directly affect the dollar-peso relationship.
In 2024, oil prices were volatile due to factors such as slowing demand in China and OPEC production cuts.
Mexico, as an oil-exporting country, has experienced fluctuations in its trade balance, influencing the demand for pesos and its exchange rate with the dollar.
Economic Slowdown in China:
China’s economy, a key driver of global growth, showed signs of deceleration in 2024, impacting global demand for goods and raw materials. Given Mexico’s significant trade partnership with both the United States and China, reduced economic activity in China has decreased Mexican exports and weakened the peso against the dollar. Moreover, 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 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, increasing global demand for dollars.
U.S. Fiscal and Trade Policies:
Fiscal and trade decisions by the U.S. government, including adjustments in tariff policies 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, impacting bilateral trade and consequently, the strength of the peso against the dollar.
These fluctuations are typical and driven by global events that are often unpredictable but profoundly impact the dollar’s valuation.
What is the Dollar Exchange Rate at BBVA (formerly Bancomer) in Mexico?
Many years ago, Bancomer was rebranded and is now known 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.”
As of today, the dollar exchange rate at BBVA Mexico is $20.31 Mexican pesos (rate checked on February 20, 2025). This rate is subject to change based on currency demand, so it is crucial to check the official BBVA Mexico website for the most current information on the day you need it. Alternatively, you can also find the current dollar price in Mexico on our site.
How Many Mexican Pesos Do You Get for $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). When buying dollars at banks, the selling price varies slightly. For instance, Citibanamex sells at 20.85 pesos and BBVA Mexico at 20.62 pesos (Excélsior)(El Economista).
This rate fluctuates due to factors like geopolitical tensions and U.S. economic data (Grupo Milenio).
Other banks like Banorte and Banco Azteca offer selling prices around 20.65 and 20.80 pesos, respectively, while institutions like Scotiabank may sell dollars for as much as 20.82 pesos.
These variations reflect the financial markets’ volatility, responding to global events and domestic policies. The recent review of judicial reform in Mexico has also influenced 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 dollar value. However, each bank sets its buying and selling rates based on their operational needs and market conditions.
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 persists, especially as markets remain cautious about global risks. This suggests that even though the dollar has not reached historical highs, it remains a strong currency in the current economic context.
Looking ahead to 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 also 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, a company offering various financial services including currency exchange, currently lists the Mexican Peso exchange rate at approximately $20.31 pesos per dollar. The exchange rate can vary significantly based on the transaction date and the amount of money being transferred. We recommend checking our rate calculator to make your money transfers with Pangea at the most favorable times.
What is Today’s Dollar Price in Mexico at Bancoppel?
If you plan to send money to Mexico and prefer it to be collected at Bancoppel, knowing the current dollar to Mexican peso exchange rate at this institution is crucial. Please visit our section on Today’s Dollar Price at Bancoppel to get the most accurate information and maximize your transfers.
Where Can You Find the Best Peso Exchange Rate?
To find a reference for the current dollar to Mexican peso exchange rate, compare the rates offered by Pangea with those from different banks, exchange houses, and online platforms.
Below is a comparison from January 26, 2025, among various 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 several banks and exchange houses to compare. 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 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’s advisable to verify current rates just before making a transaction to ensure you get the best possible deal.
What is Today’s Dollar Price in Mexico at Elektra?
If you need to send money to loved ones in Mexico and prefer pickup locations like Elektra stores, knowing the current dollar to Mexican peso exchange rate at Elektra is important. Visit our dedicated section on Today’s Dollar Price at Elektra for the latest information to make informed decisions about your transfer.
What is the Dollar Exchange 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 change daily and can vary across financial institutions or exchange houses in Mexicali.
The dollar exchange rate is often lower in the Mexican border region 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 dollar supply, potentially lowering 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 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 business 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 challenges, 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 the supply and demand of dollars, influencing regional exchange rates.
How to Easily 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 dollar amount by the current exchange rate, or click the following link: convert U.S. dollar to Mexican peso for a detailed conversion analysis.
QUICK NOTES
Below are 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 the current exchange rate for the dollar in Mexico today through Pangea, use our dollar to 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 comparative table from January 26, 2025, below 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 per $1 dollar?
In 2025, the exchange rate has been between 19 to 20 Mexican pesos per dollar, but this figure is constantly changing. Use our dollar to Mexican peso calculator to see the current Pangea 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 dollar-based currencies.
What’s 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. 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 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.
