Precio del Dólar en Mexico Today: USD/MXN Rate Comparison

The price of the dollar in Mexico is never a single number — interbank, Banxico, bank, and transfer service rates all tell a different story. This guide cuts through the confusion by comparing real rates so you can make a smarter money move.

USD/MXN Interbank Rate (2025-03-10): 17.39 (based on Wise data) ·
Banco de Mexico Official Rate: 19.9906 (latest from SIE) ·
Western Union Transfer Fee (send $1000): varies, estimated $4–$7 ·
Banco Azteca Buy Spread: typically 0.50–1.00 MXN above interbank

Five key data points, one pattern: the gap between the official interbank rate and what you actually get at a bank or transfer service can be significant. Here’s the breakdown.

How Much Will the Dollar Cost Tomorrow in Mexico?

No one can predict exactly where the USD/MXN rate will be tomorrow. The exchange rate is influenced by a mix of global and local factors: the US Federal Reserve’s interest rate decisions, Mexican inflation data, oil prices, and geopolitical events. The Banco de México publishes a daily FIX rate based on wholesale market quotations, but that is a snapshot, not a forecast.

• The current interbank rate is 17.39 USD/MXN as of March 10, 2025, according to Wise mid-market data.
• The Banxico daily fixing, used for customs and certain bank transactions, stood at 19.9906 on the same day (Banco de México SIE).

Will the Dollar Rise or Fall?

Short-term direction is uncertain. Market analysts watch the Banxico policy rate and the Fed funds rate. Historically, the peso has strengthened when Banxico raises rates faster than the Fed. The Banco de México exchange rate mechanism shows that the FIX is determined from average wholesale quotations each banking day.

Is the Mexican Peso Rising or Falling?

Over 2024, the USD/MXN pair traded in a 16.50–19.00 range. The peso has been relatively strong thanks to nearshoring inflows and Banxico’s cautious monetary policy. But global risk sentiment can reverse that quickly.

Bottom line: The USD/MXN rate cannot be predicted with certainty. The current interbank rate is 17.39, while Banxico’s official fixing is 19.9906. For transfers, the effective rate you get will be lower than the interbank rate.

The implication: the rate you lock in depends on the provider, not the interbank rate — so compare total cost before transferring.

What Is the Dollar Rate at Banco Azteca Today?

Banco Azteca, along with BBVA and Coppel, are among the most common banks for cash exchanges in Mexico. Their buy/sell prices typically include a spread of 0.50 to 1.50 MXN above the interbank rate.

• Banco Azteca: Typically offers a buy rate about 0.50–1.00 MXN above interbank. For example, if the interbank is 17.39, Azteca might buy dollars at around 17.89–18.39 MXN.
• BBVA: Similar spread, but often slightly tighter for wire transfers compared to cash.
• Coppel: Known for convenience but wider spreads, especially for smaller amounts.

Three banks, one pattern: they all offer less favorable rates than online transfer services like Wise or Remitly, which use the mid-market rate with a low fee.

The implication: If you walk into a bank branch to exchange cash, you’ll pay a premium of 0.50 to 2.00 MXN per dollar compared to the interbank rate. For a $500 exchange, that’s a difference of 250 to 1,000 MXN — real money.

The pattern: bank branches are convenient but expensive—online services win on rate.

Who Pays the Best Dollar Rate for Sending Money to Mexico?

When you send money from the US to Mexico, the total cost includes both the exchange rate markup and the transfer fee. Here’s how the major players compare for sending $1,000.

• Wise: Uses the mid-market rate (17.39) and charges a transparent fee. For a bank transfer, the fee is reportedly $12.67; if you already have money in your Wise account, it can be as low as $6.25 (Wise send money page).
• Western Union: Fee ranges from $4 to $7, but the exchange rate is marked up by about 0.30–0.50 MXN below the interbank rate. Credit card payments may incur a cash advance fee (Western Union Mexico page).
• Remitly: Often offers a promotional rate for new users, sometimes with no transfer fee. Their standard rate includes a spread.
• Directo a México (Banxico): Uses the Banxico FIX rate minus a 0.21% fee. Participating institutions charge a fee of USD 0.67 per transaction. No maximum limit (Banco de México Directo a México).

How Much Does Western Union Charge to Send $1,000 to Mexico?

Western Union’s fee for sending $1,000 varies by payment method: debit card typically $4–$7, credit card may add a cash advance fee. The exchange rate they offer is about 0.30–0.50 MXN worse than the interbank rate, meaning the recipient gets fewer pesos.

What Is the Maximum Amount You Can Send to Mexico?

There is no single cap. For Directo a México, the Banco de México states there is no maximum amount per transaction. For Western Union and Wise, limits depend on your account verification level and the sending method. Typically, you can send up to $10,000 per transaction after verification, but check with each provider.

Four providers, one takeaway: the cheapest option depends on how you pay and how much you value speed. Wise typically wins on rate transparency, while Western Union is better for cash pickup.

The pattern: the cheapest option depends on how you pay and how much you value speed—compare total cost before you choose.

What Is the Dollar Price in the Informal Market Today?

The informal market — often called “el dólar informal” — consists of street changers and small exchange houses that operate outside the official banking system. Their rates are typically 1–3% above the interbank rate, but they come with risks.

• Informal rates are usually 1–3% higher than the interbank rate (Banco de México exchange rate context).
• The Banxico SIE official fixing is 19.9906, which is significantly higher than the interbank rate — this is used for legal obligations, not cash exchanges.
• Risks of informal market: counterfeit bills, no receipt, no recourse if you’re cheated.

Banxico SIE Summary Table

The Banco de México SIE (Sistema de Información Económica) publishes a daily summary table with exchange rate references. This is the official data used for customs and tax purposes.

The pattern: The informal market offers a rate that falls between the bank buy rate and the official fixing. But the lack of consumer protection makes it a risky choice for large amounts.

The catch: the informal market is risky for large amounts—use a regulated provider instead.

How to Convert 1 US Dollar to Mexican Pesos

Converting dollars to pesos is straightforward, but the rate you get depends on the channel. Here’s a step-by-step guide using the most transparent method — Wise.

1. Check the mid-market rate: As of March 10, 2025, 1 USD = 17.39 MXN according to Wise’s mid-market rate.
2. Choose a provider: Wise, Remitly, or a bank. Compare the total cost (rate + fee).
3. Enter the amount: For 1 USD, you’ll receive 17.39 MXN minus the fee. For example, Wise’s fee on a $1,000 transfer is about $12.67, so for 1 USD the fee is negligible.
4. Complete the transfer: Provide the recipient’s bank details in Mexico. Funds typically arrive in 1–2 business days.
5. Avoid hidden markup: Banks and exchanges often add a hidden markup to the rate. The Mexican Consulate in New York explains that the exchange rate is the amount in pesos received in exchange for dollars, and the shipping fee is the charge for sending.

The takeaway: Converting 1 USD is a microcosm of the whole process. The same principles apply to any amount — always check the rate and fee before you commit.

Timeline

What this means: the rates shown are snapshots—always check current data before a transfer.

Clarity: What We Know and What’s Unclear

The pattern: the gap between confirmed and unclear highlights that while current rates are known, actual costs vary—so always verify.

Expert Perspectives

The Banco de Mexico publishes the daily exchange rate for obligations denominated in USD, available on the SIE portal.

Banco de México (central bank)

The mid-market rate is the real exchange rate with no markup, used by banks and financial institutions.

Wise (money transfer service)

Western Union provides a currency converter with a rate that includes a spread, plus a transfer fee.

Western Union (remittance provider)

Final Word

Whether you’re sending money to family, paying for services, or just checking the rate, the price of the dollar in Mexico is never a single number. The interbank rate, Banxico’s official fixing, bank buy rates, and transfer service rates each serve a different purpose. For the person sending $1,000 from the US to Mexico, the choice is clear: use a service like Wise or Directo a México that offers the mid-market rate with a low, transparent fee, or accept the convenience premium of a bank or Western Union. The difference can be as much as 2,000 MXN on a $1,000 transfer — enough to matter.

Related reading: **Best High Yield Savings Account 2026: Ireland vs USA Rates**

Frequently asked questions