Mexican remittances reach $5 billion

After two months of falling below the $5 billion ceiling and despite Trump's anti-immigrant policy—remittances sent by Mexicans and Central Americans to their families in the United States and Mexico—they managed to recover.

The Bank of Mexico (Banxico) reported that these flows They went from $4.458 billion in February to $5.15 billion in March, which meant an annual increase of 2.7% and a monthly increase of 15.5%.

Between February and March, money transfers—mostly electronic— increased from 11.7 million transactions to 13.4 million.

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Likewise, the average monthly amount sent home by Mexican migrants working across the northern border recovered slightly, from $381 to $383. However, cash and in-kind remittances decreased, falling from $431 in February to $416 last March.

With this, During the first quarter of 2025, the so-called "migradollars" totaled $14.269 billion.

This result was higher than the $14.083 billion raised through this channel in the same period in 2024, representing an annual increase of 1.3 percent. From January to March 2025, 98.8% of total remittance income was generated through electronic transfers, reaching $14.109 billion.

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Cash and in-kind transfers, and money orders, represented 0.9% and 0.3% of the total amount, in each case, at $123 million and $37 million, respectively. According to Banxico, of the electronic transfers received in the form of remittances, 51% were collected in cash, representing $7.196 billion.

Remittances sent as deposits accounted for 49% of the total amount, amounting to $6.912 billion.

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