For many with ties to Mexico, whether sending money to family, planning a vacation, or managing international business, understanding the dollar to Mexican Peso exchange rate is crucial. The dynamics of the US and global economies play a significant role in determining the dollar rate in Mexico each day. The Banco de México (Bank of Mexico) closely monitors these factors and provides updates, typically issuing a midday communication reflecting the currency landscape.
On Thursday, February 20, 2025, the average exchange rate for the dollar in Mexico is 1 Dollar = 20.3132 Pesos ⇩ -0.0141 -0.07%, Buying at $19.911, Selling at $20.7155
Currently, the Mexican Peso is valued at approximately $20.31 pesos per 1 US dollar, according to today’s dollar rate in Mexico. However, it’s important to remember that this rate is not static and fluctuates throughout the day.
To get the most accurate and up-to-the-minute exchange rate whenever you need to convert dollars to pesos or vice versa, you should always consult real-time sources. The Banco de México and reliable online platforms, like ours, provide this information. Click here to check the current dollar rate in Mexico today.
Table of Contents
- Introduction
- Overview of the dollar value in Mexico
- Key factors influencing the dollar-peso exchange rate
- What’s the Dollar Rate in Mexico Today?
- Impact of U.S. monetary policy
- Midday currency updates in Mexico
- What Day of the Week Does the Dollar Typically Go Up?
- Market patterns and global economic events
- Influence of U.S. 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 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 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 converters
- 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 is subject to daily fluctuations. For example, today the dollar has shown an upward trend due to market speculation, inflation, and other global economic factors.
Several factors have contributed to the volatility in 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 in an effort to control domestic inflation. This tightening has led to a flow of capital towards dollar-denominated assets, strengthening the U.S. currency against other currencies, including the Mexican Peso. In times of high volatility, global investors tend to seek refuge in safer, more stable currencies like the dollar, contributing to its appreciation.
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, like the U.S. dollar. The perceived stability and security offered by the U.S. financial system in the face of these conflicts has boosted demand for dollars, affecting the exchange rate with emerging market 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. Throughout 2024, oil prices have been 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, which in turn have influenced the demand for pesos and its relationship with the dollar.
Economic Slowdown in China:
The Chinese economy, a major engine of global growth, showed signs of deceleration in 2024, affecting global demand for products and raw materials. Given that Mexico is a significant trading partner of both the United States and China, reduced economic activity in China has decreased Mexican exports and weakened the peso against the dollar. Furthermore, the Chinese slowdown has led to a reconfiguration of global supply chains, impacting 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 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, which has increased demand for dollars globally.
U.S. Fiscal and Trade Policies:
Fiscal and trade decisions made by the U.S. government, including adjustments in tariff policies and fiscal stimulus, have had repercussions on trade relations 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 normal and based on global events that are often unpredictable but have a profound impact on the dollar’s valuation.
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. While the rebranding and other changes 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 rate at BBVA Mexico, as of today, is $20.31 Mexican pesos (consulted on 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 up-to-date information on the day you are making your inquiry. You can also check the dollar rate in Mexico today with us for updated information.
How Many Mexican Pesos Do You Get Per $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 slightly varying price depending on the bank. For example, at Citibanamex it is 20.85 pesos and at BBVA Mexico it is 20.62 pesos (Excélsior) (El Economista).
This value fluctuates due to several factors, including 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 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 generated movements in the Mexican currency in relation to its parity with the dollar.
Each country has its own dollar-local currency parity. In Mexico, the Banco de México is the institution that publishes the official value of the US currency. Even so, all banks may have different buying and selling prices for dollars, according to the interests of each financial institution.
Is the Dollar Strong in Mexico Right Now?
Currently, the dollar rate in Mexico is in a relatively stable range, although it has shown a moderate upward 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 U.S. 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 regarding 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 fluctuation of the dollar 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 being sent can significantly affect the exchange rate depending on the date the transaction is made. We recommend checking our rate calculator as well so you can make your money transfers with Pangea when it is most convenient for 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 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 in Mexico Today at Bancoppel to ensure you get the best information and make the most of your transfer.
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.
Here are some 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 save you commissions on foreign transactions. Check with your bank about associated fees.
- Avoid Hidden Fees: 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 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 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 in Mexico Today at Elektra to get the most up-to-date information and make informed decisions about your transfer.
What’s the Dollar Rate in Mexicali, Mexico?
As of February 2025, the exchange rate of the U.S. 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 is often 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 Supply of Dollars: 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, which can reduce the price of the dollar in terms of Mexican pesos.
- Competition Among Exchange Houses: In border cities, there are a large number of 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: The economies of border regions are more integrated with the U.S. economy. This facilitates transactions in dollars and can influence a 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 to 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 can 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 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 on the following link: convert US dollar to Mexican Peso for a deeper analysis of this transaction.
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 rate in Mexico at opening today?
The dollar exchange rate varies every day. 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 following comparative table from January 26, 2025, and use it as a reference.
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 using our currency converter.
How many Mexican pesos do you get per $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 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, consult updated financial sources.
Thank you for reading. If you want more information about the financial market to maximize the return on your dollars when you send them to your family or friends in Mexico, check our Blog, where you will find tips and attractive promotions for you.
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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.
