Your Guide to Navigating the USD to MXN Exchange Rate
The interplay of US monetary policy and global economic activity dictates the dollar’s value as trading begins each day in Mexico. The Banco de México (Banxico), Mexico’s central bank, carefully analyzes these dynamics to provide updates on the exchange rate throughout the day.
Today, Tuesday, February 25, 2025, the average exchange rate for the US Dollar in Mexico is 1 Dollar = $20.38 Pesos, with a Buy Rate of $19.98 and a Sell Rate of $20.78.
Currently, the Mexican Peso stands at approximately $20.31 pesos against $1 US Dollar, according to today’s dollar exchange rate in Mexico. It’s crucial to remember that this value is not static and fluctuates throughout the day.
For the most up-to-the-minute exchange rate, especially when you need to convert dollars to pesos, always consult real-time sources. The Banco de México and reliable platforms like ours provide this information. Click here to check the current exchange rate: Dollar Exchange Rate in Mexico Today.
Table of Contents
- Introduction
- Overview of the Dollar’s Value in Mexico
- Key Factors Influencing the USD to MXN Exchange Rate
- What is the Dollar’s Opening Rate in Mexico Today?
- Impact of US Monetary Policy
- Mid-day Currency Updates in Mexico
- Which Day of the Week Does the Dollar Typically Rise?
- Market Patterns and Global Economic Events
- Influence of US Elections on the USD to MXN Exchange Rate
- Is the Dollar Rising or Falling?
- Current Dollar Trends and Economic Factors
- Factors Contributing to USD to MXN 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
- Check Current Rates with Pangea
- Where to Find the Best Exchange Rate?
- Comparison Between 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 Calculators
- Quick Links for USD to MXN Conversion
- Quick Questions and Answers
- FAQs About Dollar Exchange in Mexico
- Helpful Tips and Resources for Real-time Rates
Is the Dollar Rising or Falling?
The dollar’s value is in constant flux, changing daily. Today, for example, 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 USD to MXN exchange rate, including:
US Federal Reserve Monetary Policy:
The United States Federal Reserve (FED) has maintained a restrictive monetary policy, consistently raising interest rates in an effort to curb domestic inflation.
This tightening of monetary policy has driven capital flows towards dollar-denominated assets, strengthening the US currency against others, including the Mexican Peso. In times of heightened volatility, global investors tend to seek refuge in safer, more stable currencies like the dollar, 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 amplify uncertainty in international markets, prompting investors to seek safe-haven assets, most notably the US dollar. The perceived stability and security offered by the US financial system amidst these conflicts has increased demand for dollars, impacting exchange rates with emerging market currencies, including the Mexican Peso.
Commodity Prices:
Fluctuations in international commodity prices, especially oil, directly impact the USD to MXN exchange rate.
Throughout 2024, oil prices have been volatile, influenced by factors like slowing demand in China and production cuts by OPEC.
Mexico, as an oil-exporting nation, has experienced fluctuations in its trade balance, which in turn, have influenced the demand for pesos and its exchange rate with the dollar.
Economic Slowdown in China:
The Chinese economy, a primary engine of global growth, showed signs of deceleration in 2024. This slowdown has impacted global demand for products and raw materials. Given Mexico’s significant trade partnerships with both the US and China, reduced economic activity in China has decreased Mexican exports and weakened the peso against the dollar. Moreover, the Chinese slowdown has triggered a reconfiguration of global supply chains, affecting trade and financial flows across Latin America.
Persistent Global Inflation:
While some developed nations have managed to reduce inflation in 2025, persistent global inflationary pressures continue to impact many emerging economies, including those in Latin America. Inflation in Mexico has increased the cost of goods and services, eroding the purchasing power of the peso. Conversely, the FED’s monetary policy has kept inflation more controlled in the United States, increasing global demand for dollars.
US Fiscal and Trade Policies:
Fiscal and trade decisions made by the US government, including adjustments to tariff policies and fiscal stimuli, have 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 are rooted in global events that are often unpredictable but significantly impact the dollar’s exchange rate.
Image showing a table with dollar exchange rates in Mexico from January 26, 2025, highlighting rate variations across different banks.
What is the Dollar Rate in Mexico at BBVA (Formerly Bancomer)?
Many years ago, Bancomer was the name of what is now known as BBVA Mexico. Despite the rebranding and other changes that occurred relatively recently, 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 $20.38 Mexican pesos (as of February 25, 2025). This rate can fluctuate based on currency demand, so it’s essential to check the official BBVA Mexico website for the most up-to-date information on the specific day you need it. Alternatively, you can also check the dollar exchange rate in Mexico with us for current information.
How Many Mexican Pesos Do You Get for $1 Dollar?
The dollar exchange rate in Mexico today, February 25, 2025, is approximately $20.38 pesos per dollar based on the interbank closing rate (Excélsior, Grupo Milenio). At bank teller windows, the dollar’s selling price varies slightly by bank. For example, Citibanamex sells at 20.85 pesos, and BBVA Mexico at 20.62 pesos (Excélsior, El Economista).
This rate fluctuates due to various factors, including geopolitical tensions and US economic data (Grupo Milenio).
Other banks like Banorte and Banco Azteca offer selling prices near 20.65 and 20.80 pesos, respectively, while at institutions like Scotiabank, the dollar can reach up to 20.82 pesos for 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 caused movements in the Mexican currency relative to the dollar.
Each country has its own dollar-to-local currency exchange rate. In Mexico, Banco de México publishes the official dollar value. However, each bank may have different buying and selling prices for dollars 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 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 appreciated against other Latin American currencies in recent days. However, the dollar’s strength has persisted, especially due to market caution amid global risks. This suggests that while the dollar has not reached 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, in addition to 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 many others. Currently, the exchange rate through Western Union for the Mexican Peso is approximately $20.31 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 converter to make your money transfers with Pangea when it best suits you.
What is Today’s Dollar Rate in Mexico at Bancoppel?
If you plan to send money to Mexico and prefer it to be picked up at Bancoppel, it’s 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 Rate 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 the dollar to Mexican Peso exchange rate today, compare the rates offered by Pangea with different banks, exchange houses, and online platforms.
Below is a comparison from January 26, 2025, between different banks in Mexico.
[Link to: Precio del Dólar Hoy en México – assuming this is a section within the page or a relevant external link]
Follow these tips to guide you:
- Banks and Exchange Houses: Visit or check online various 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 apps that compare exchange rates in real-time across different providers. Some 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 inquire 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 constantly fluctuate due to international market conditions. Therefore, it’s advisable to verify current rates before making a transaction to ensure you get the best possible deal.
What is Today’s Dollar Rate in Mexico at Elektra?
If you need to send money to your loved ones in Mexico and prefer them to pick it up at payment locations like Elektra stores, it’s important to know the current dollar to Mexican Peso exchange rate at Elektra. We invite you to visit our dedicated section on Today’s Dollar Rate at Elektra to get the most updated 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 US 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. 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 lower the dollar’s price in terms of 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 more customers.
- Economic Integration with the United States: Border region economies are more integrated with the US economy. This facilitates transactions in dollars and can result in lower local demand for dollars, 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 the supply and demand of 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 in dollars by the current exchange rate. You can also click on the following link: Convert US Dollar to Mexican Peso to further analyze this transaction.
QUICK NOTES
The following are frequently asked questions from users like you related to this topic. We hope you find the following information useful:
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 Mexican 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, as a reference.
Example of a dollar rate table in Mexico, showing variations in exchange rates at different financial institutions on 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 most current rates.
How many Mexican pesos do you get for $1 dollar?
Throughout 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.
What is the abbreviation for dollar?
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 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 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 maximize the value of your dollars when you send them to family or friends in Mexico, check out our Blog. There you will find helpful tips and attractive promotions for you.
————
LEGAL DISCLAIMER: This content is for informational purposes only. Pangea and its affiliates do not offer financial, legal, investment, or tax advice.
