Today’s U.S. Dollar (USD) Exchange Rate with Remitly: Dollar to Peso and More

A closeup of a board showing currency exchange rates

If you’re sending money abroad, the U.S. dollar (USD) exchange rate can make a huge difference in how far your money goes. This guide created by our team here at Remitly will help you easily navigate today’s USD MXN exchange rates.

USD to peso exchange rate

Millions of people send money to Mexico every day. Getting a great deal when you convert USD to MXN is crucial for those who support loved ones in Mexico. Remitly is committed to offering not only a good USD to Mexican peso exchange rate but also our fees are low. All of this is possible thanks to our user-friendly mobile app.

Want to learn more about the USD in Mexico, the USD to peso rate, and the colorful history of Mexico’s money? Click here.

Ready to get started with Remitly’s USD to Mexican peso rates? It’s easy. Simply follow the link, download the app, or visit our homepage.

  • See the rate for the US dollar to peso today by clicking here.

Finding the exchange rate today: Guatemala, Colombia, Brazil, and beyond

We showed you the dollar-to-Mexican peso rate above. Click on the links below to see more of Remitly’s exchange rate today:

You’ll soon see why Remitly was named one of the best ways to send money. When you take advantage of our rates and low-to-no transfer fees, a larger percentage of funds makes it home for each dollar you send.

Remitly also has cash pickup locations and bank partners across the world. You can make direct deposits into any major bank and most rural banks in your recipient’s country, or you can choose the closest location for them to pick up the cash. That way, money can get to your loved ones in the most convenient way possible.

Okay, Remitly offers a great USD exchange rate. How do I send money?

Sending money with Remitly is easy! Simply follow these steps:

Create an account

Download the app from Google Play or the iOS App Store, or click “Join Now” on the home page. You’ll need to register for an account to get started.

If this is your first time sending with Remitly, you may qualify for a special promotional rate for new customers.

Enter locations

Choose the U.S. as your location, then select the country you want to send funds to. For example, if you’re doing a USD MXN transfer, you would select Mexico.

Provide the transfer information

Next, you’ll need to provide the information about your recipient, such as:

  • Their name as it appears on their photo ID
  • Their address as it appears on their photo ID
  • Their phone number
  • Their bank account number and the name of their bank if you want to send the funds to their account

You’ll also need to tell us how you want the recipient to receive your USD to MXN transfer. In Mexico, options include bank deposits, cash pickup, and mobile money.

Exchange rates

Complete your profile

After you’ve entered the information about your recipient, you’ll need to complete your profile by providing:

  • Your name as it appears on your photo ID
  • Your address and phone number
  • Your date of birth
  • Your payment method, such as your bank account, credit card number, or debit card number

If I send in U.S. Dollars, what currency will my recipient receive?

It depends on where your recipient lives. In some countries like Mexico and Colombia, you can choose to send funds in that country’s local currency. For countries like Bolivia, you can send in either Bolivian boliviano (BOB) or USD. And in countries like El Salvador, you can only send in USD.

To learn more about what currencies your recipient can receive, visit the pricing page of the country you wish to send money to, like the ones linked above.

Exchange rate FAQs

If you still have questions about converting USD to MXN or how currency converter services work, read on for answers.

Why is USD so important to exchange rates?

The United States dollar is the most widely traded currency in the world and is used as the official currency for many more countries than just the U.S. In fact, some Latin American countries, such as El Salvador and Ecuador, use USD as their official currency. Other countries around the world that use the dollar as their official monetary unit include Zimbabwe, Guam, and Panama.

You can find a full list of countries that use USD here.

USD is also unofficially accepted in many countries around the globe. In fact, some countries such as the Philippines, Vietnam, and Honduras even support receiving USD via international money transfers because of how widely it’s used.

Despite how widely it is used, it’s far from the only currency in use around the world. With most countries having their own currencies, it’s important to understand how the value of one country’s monetary units changes in relation to another, especially when sending money between countries. All of this also impacts the USD exchange rate.

What causes a currency exchange rate to change?

Many factors can cause rates to change, but we’ll explain why this happens using USD as a base. We will briefly cover how the value of USD impacts exchange rates between other countries and how the economic health of the U.S. and the other countries play a role in the exchange rate.

At the very simplest level, the exchange rate between USD and another currency represents the price of one currency in units of the other currency.

For example, if 1.00 USD is worth 19.25 MXN (Mexican Peso), that is the price of U.S. dollars in terms of Mexican pesos. Alternatively, 1.00 MXN is worth 0.0519 USD, which represents the price of a Mexican peso in terms of U.S. dollars.

When you see changes in the exchange rate, it’s due to a change in supply and demand. For example, when there is economic turmoil in the U.S., and the rest of the world is concerned about the turmoil, this can result in a fall in demand for USD. When demand falls, the price falls, too.

Going back to the Mexican peso example, if 1.00 USD was worth 19.25 MXN, but then the price of USD falls, this can cause a decrease in the exchange rate to 1.00 USD now being worth 19.00 MXN (or 1.00 MXN = 0.0526 USD). Alternatively, if the U.S. economy is strengthening compared to the monetary system of another country (Mexico, in our example), then the price of USD will increase as demand for that currency grows.

Although this is just a simple example using only USD and MXN, it’s important to know that the idea of supply and demand impacts the price of a currency and can be applied to any exchange rate.

How to find the best USD exchange rate

Banks, remittance services, and other types of money transfer companies offer varying rates and fees when exchanging USD for another currency or vice versa. It’s important to research the official exchange rate and then compare and look at the rates offered by each company to find the best option.

However, it’s also important to find the best exchange rate with the lowest fees. This helps you send the most money possible to your loved ones. Sometimes, a service offering a better rate for today’s dollar also charges a higher fee, meaning your recipient gets less overall cash.

What else do I need to consider when sending money?

The USD to MXN rate is just one consideration when choosing how to send funds abroad. In addition to the U.S. dollar to Mexican peso rate, think about the following.

send money with Remitly


When you send Mexican pesos to someone abroad, you’ll pay a fee for the service. Some companies charge a percentage of the amount transferred. Other services set the prices for transfers as a flat fee.

As of September 2023, the fee for a US dollar to Mexican peso transfer through Remitly was $3.99 for transfers of $500 or less. If you’re transferring more than $500, there are no fees. Check out the latest fee data for dollar-Mexican peso transfers here.


How quickly your recipient will gain access to funds also matters. Remitly gives you two options to choose from:

  • Economy, which typically arrives in 3 to 5 days
  • Express, which arrives faster and must be funded with a debit or credit card in most cases

Customer service

Most transfers go off without a hitch, but you may have questions about a transaction at some point. It’s good to know you can get answers quickly and easily when you do.

With Remitly, you can chat with us in English, French, or Spanish or talk to a customer service agent in English or Spanish by phone 24 hours a day, seven days a week.


The final thing to consider when sending Mexican pesos to a loved one is flexibility. Find out what options you have for funding transfers and how your recipient can get the transfer. Choose a service that allows you to pay how you prefer and offers a convenient option for your recipient.

Learn more