Dollar Drops Today in Mexico, Colombia, and the Dominican Republic: What’s Happening?

The dollar fell today in Mexico, Colombia, and the Dominican Republic, according to official data.

This drop directly impacts money sent outside the U.S.

Choosing when and how to send money remains key to making the most of every dollar.

The dollar started the week with a slight decline against several Latin American currencies. This Monday, January 20, the Mexican peso, Colombian peso, and Dominican peso all strengthened against the US dollar.

For the Hispanic community living in the United States, these movements matter. They determine how much money sent back home is worth and help decide the best time to make a remittance.

Dollar Exchange Rate Today in Mexico: What Happened?

The dollar fell slightly in Mexico.

According to Banco de México (Banxico), the exchange rate stood at 17.599 pesos per dollar.

In the market, the average shows the dollar being bought at 17.2649 pesos and sold at 17.8458 pesos.

The dollar’s decline reflects stronger performance by the Mexican peso and lower external pressure. For those receiving remittances, this means each dollar goes a bit less far, making it important to watch fees and choose the right transfer service.

Sending Money From the U.S.: Safe and Practical Options

When the dollar weakens, it’s not just the exchange rate that matters—it’s also how you send your money. These are some popular options among Hispanics in the United States:

Zelle: Widely used for fast transfers between U.S. bank accounts. Ideal for domestic transfers, but it does not allow cash pickup in Latin America.

Cash App: Convenient and easy to use from your phone. Works well for transfers within the U.S., but has limited reach for international transfers.

Remitly: Specialized in remittances. Allows sending money to Mexico with pickup at Oxxo, Banorte, BanCoppel, Banco Santander, and others. It is registered and regulated by the U.S. Department of the Treasury, making it a secure option.

RIA Money Transfer: Allows sending money in cash or through its app using a bank account or card. Funds can be received in Mexico, Colombia, or the Dominican Republic, either in cash or by deposit.

Dollar exchange rate today in Latin America – PHOTO: Shutterstock

Comparing these alternatives helps ensure your money arrives in full and without delays.

How the Dollar Is Trading in Colombia Today

The dollar also fell in Colombia.

According to the Banco de la República, the official rate stood at 3,666.576 Colombian pesos per dollar.

In the market, the average shows the dollar being bought around 3,650 pesos and sold near 3,780 pesos.

This pullback in the dollar supports price stability but means remittances convert into slightly fewer pesos. Even so, Colombia remains one of the countries where exchange rate movements strongly affect household income.

How Much the Dollar Is Worth Today in the Dominican Republic

In the Dominican Republic, the dollar continued to fall this Monday.

The Banco Central de la República Dominicana reported a rate of 62.8413 pesos for buying and 63.1324 for selling.

The Dominican peso remains strong thanks to steady inflows of dollars from tourism and remittances.

This scenario provides greater predictability for families and helps prevent sharp increases in basic goods.

Movements That Impact the Latino Economy

When the dollar falls, remittances lose some strength, but pressure on food, transportation, and service prices in home countries also eases.

For many families, these movements influence concrete decisions: when to send money, whether to wait a few days, or whether to make an important payment sooner. It’s not just economics—it’s daily planning.

That’s why tracking the dollar’s exchange rate and using services with lower fees can make a real difference by the end of the month.

You may also like: 4 Decisions That Can Be Key to Your Peace of Mind and Your Wallet in 2026

What’s Next for the Dollar

In the coming days, markets will be watching new U.S. economic data, especially inflation and employment figures. These indicators often influence the dollar’s value against Latin American currencies.

Remittance flows and decisions by regional central banks will also play a role. For Latinos in the U.S., the key is staying informed and taking advantage of moments when the exchange rate is most favorable.

SERVICES FOR SENDING MONEY ABROAD

These options allow you to send money quickly and securely to support your family and better manage your finances.

Remitly

Send money abroad with competitive exchange rates and fast delivery.

Send money

Ria Money Transfer

Make international money transfers with multiple payment and pickup options.

See options

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