The dollar in Mexico rose to 18.8148 pesos, according to the FIX exchange rate that Banco de México (Banxico) determined on Thursday, October 29, 2026. This is the highest level since August 4, 2025, when the FIX was 18.8783, and the highest so far in 2026.
Why it matters: when the dollar rises against the peso, the reference rate is equivalent to more pesos for each dollar sent to Mexico. This can be reflected in what a family receives, although the final amount depends on the rate and commissions of each money transfer company.
With the FIX of October 29, these are the reference conversions:
With the FIX of October 28, 500 dollars were 9,333.65 pesos, that is, 73.75 pesos less. With the FIX of September 4, 500 dollars were 8,437.40 pesos, or 970 pesos less than with the most recent data.
The FIX is determined by Banxico based on an average of wholesale foreign exchange market quotations. It is announced starting at 12:00 PM on each business day and is published in the Diario Oficial de la Federación one business day later. It is a reference rate: banks, exchange houses, and money transfer companies apply their own rate and commissions.
The Representative Market Exchange Rate (TRM) in effect on Friday, October 30 is 3,166.91 Colombian pesos per dollar. This is 4.56 pesos more than on October 29 (3,162.35), a variation of +0.1%, practically no change.
Sources: Banco de México, FIX exchange rate; TRM, Banco de la República de Colombia via datos.gov.co. Data consulted on October 30, 2026.
