Overview
- Banxico reported on Thursday that Mexico received $5,452 million in remittances in August 2026, a 3.6% year‑on‑year drop that ended a six‑month run of monthly growth.
- The August decline reflected 6.4% fewer transactions, which fell to 13.2 million, and was only partly offset by a 3.0% rise in the average transfer to $412.
- Cumulative flows from January through August totaled $41,802 million, up 2.2% from 2025, while the 12‑month total to August was $63,370 million, slightly below July’s figure.
- Analysts estimate recipients’ real purchasing power fell about 14–15% year‑on‑year in August because a stronger peso and rising domestic prices reduced the peso value of dollar transfers.
- Electronic transfers dominate the corridor at 99.1% of inflows, with newer infrastructure playing a growing role such as Bitso processing roughly 14.7% of U.S.‑to‑Mexico remittance volume.