Remittances to Mexico Rise 3% in July, but a Strong Peso Eats Into the Gain

Mexico received $5.571 billion in remittances in July 2026, an increase of about 3% from the $5.333 billion recorded in the same month of 2025, the Bank of Mexico (Banxico) reported in its monthly release. Compared with June, when $5.472 billion came in, the gain was 0.5%.

According to the central bank, just over 13 million transactions were made during the month, and the average remittance stood at $426, up 3% from a year earlier. With that, the January-to-July 2026 total reached $36.349 billion, above the $35.250 billion for the same period of 2025 — the sixth straight month of annual gains, per official figures.

Why it matters in Cancun. Although Quintana Roo is not among the country's top receiving states, thousands of households in Cancun and the Riviera Maya have relatives working in the United States and rely on these transfers for daily expenses, rent or school. The figure that matters for the household budget is not only how many dollars arrive, but how many pesos they yield when exchanged: through 2026 the peso has stayed relatively strong against the dollar, so each dollar sent converts into fewer pesos than in previous years. That is why a family can receive more dollars and still feel it covers the same or less.

How to protect the money when receiving it. It pays to compare before cashing out: the final amount depends on the fee charged by the transfer company and the exchange rate applied at each window, bank or store, and both vary from place to place. Asking the day's exchange rate, checking whether the transfer can be deposited directly to an account or card — usually cheaper than cashing it — and avoiding street currency exchanges are simple steps that keep more pesos in your pocket. For improper or undisclosed charges, users can turn to Condusef, which handles complaints against banks and money transmitters.