Compare Exchange Rates to Mexico

Money Transfers to Mexico

It is estimated that Mexico has been a key recipient of remittance from United States by receiving about $24 billion USD in remittances as of 2007. It is also understandable that remittances play a key part in the economy of the region. The following chart and the table lists out exchange rates and money transfer services available to Mexico. The comparison between transfer rates, fee and time can help you take wise decision when sending money to Mexico.
“There is an advance in the recovery of the U.S. economy that has a very high correlation to jobs available for immigrants, and that has a very important impact on the amount of money they send to Mexico,” said Alfredo Coutino, Latin America director for Moody’s Analytics.

Money Transfer Companies to Mexico:
Below are some of the remittance service providers to Mexico from United States.

  • Ria Money Transfer
  • Pangea
  • Western Union
  • Xendpay
  • Usforex
  • Moneygram
  • Remitly
  • Small World Fs
  • Transfast
  • Transfer Wise
  • World Remit
  • Xoom

Mexico – remittance history


source: tradingeconomics.com

More on Mexico

Remittances to Mexico – statistics
Remittances from Mexico – statistics
Migration to Mexico – statistics
Migration from Mexico – statistics

References

Mexico got more money remittances than oil – 2015
World bank report
Mexican Americans

Disclaimer: Please note that the rate, fee and the transfer time from each remittance service provider are their locked-in rates and may constantly change based on the timezones and the local currency rates. The USD Explorer team is constantly working on to provide the right information from the service provider’s website. The logo used in USD Explorer are all Copyright or Trademark of the corresponding remittance service provider and are used in the USD Explorer just to present their own information.