Background on the Importance of Remittances in Mexico
Remittances to Mexico are not only a primary source of foreign currency but also a significant portion of the current income for numerous families.
Under the anti-immigrant policies implemented by Donald Trump, the U.S. President—the primary country from which remittances are sent—have resulted in Mexican families receiving less money through remittances.
Recent Trends in Remittances to Mexico
August 2025 Data:
According to the Banco de México, in August 2025, households received $5,578 million in remittances.
This marked an 8.3% decrease compared to the same month in the previous year.
Moreover, this level of remittances to Mexico signifies the fifth consecutive month of decline in total income received by families.
Factors Affecting Remittance Values
Another factor influencing the total value of remittances is the exchange rate. The peso-dollar conversion impacts the total amount received by families.
Impact on Mexican Families
These declining remittances have a substantial impact on Mexican families, as they often rely heavily on these funds for their daily expenses and overall financial stability.
Key Questions and Answers
- What are remittances? Remittances refer to the funds sent by migrant workers to their families in their home countries.
- Why are remittances important to Mexico? Remittances constitute a significant source of foreign currency and contribute substantially to the income of many Mexican families.
- What caused the decline in remittances to Mexico? The anti-immigrant policies enforced by former U.S. President Donald Trump have led to fewer remittances being sent to Mexico.
- How have recent trends affected Mexican families? The fifth consecutive month of declining remittances has negatively impacted the financial stability of numerous Mexican families, who depend on these funds for daily expenses.
