Mexico’s August Remittances Fall to $5.45 Billion While Year‑to‑Date Flows Rise

Overview

• Banco de México’s October 1 release shows August remittances totaled $5,452 million, a 3.6% decline from August 2025.
• The January–August cumulative inflow rose 2.2% to $41,802 million, marking four straight months with monthly receipts above $5 billion.
• Banxico said the August drop mainly reflected a 6.4% fall in the number of operations to 13.2 million while the average remittance rose 3% to $412.
• Electronic transfers dominated inflows, accounting for 99.1% of January–August receipts or about $41,447 million, while resident outflows were $126 million in August.
• Economists note the scale of remittances matters for households and the economy because January–August remittances were more than four times Mexico’s oil export receipts and the 12‑month total stood at $63,370 million.