The US dollar is currently trading at a higher value compared to several of its emerging market counterparts, despite fluctuations in the Latin American market.
The US dollar's exchange value on Friday, November 6, 2026, concluded at 18.63 Mexican pesos, as reported by Dow Jones.
The exchange rate for the US dollar in international money transfer services, including Western Union and MoneyGram, is currently listed at 18.4 Mexican pesos (MXN) for Western Union and 18.27 MXN for MoneyGram.
The US dollar has continued to decline in value against the Mexican peso, reaching a rate of 18.63 pesos per dollar as of the current week, with a downward trend persisting.
In Honduras, the value of the US dollar continues to fluctuate, with a downward trend observed in recent times. As of the current day, the average exchange rate stands at 26.88 lempiras per dollar.
The Nicaraguan dollar exchange rate has maintained a positive trend following the closure of operations, with the current value standing at 36.62 cordobas per US dollar.
The exchange rate of the US dollar against the Costa Rican colon has remained stable, with the dollar currently averaging 448.27 colons per unit. Following a decline in value the previous day, the dollar has maintained its current rate in Costa Rica.
The Dominican peso continued its upward trajectory against the US dollar, with the exchange rate stabilizing at 60.59 pesos per dollar at the close of trading, according to available market data.
Individuals sending money from the United States are advised to conduct a thorough comparison of available options, considering both the exchange rate and the fees charged by various remittance companies. This process involves researching the destination country, specifying the intended transfer amount, and calculating the associated costs to ensure the most cost-effective solution.
The Mexican peso experienced a significant decline in value against the US dollar in recent years, with the exchange rate reaching a historic low in 2021. The peso's devaluation was largely attributed to a combination of factors, including a decline in Mexico's foreign exchange reserves, rising inflation, and a decrease in investor confidence.
As a result, the value of the dollar surged, with the exchange rate reaching a record high of approximately 20 pesos per dollar in August 2021. This drastic shift in the exchange rate had a substantial impact on Mexico's economy, particularly for tourists and businesses that rely heavily on international trade.
The peso's decline was further exacerbated by the COVID-19 pandemic, which led to a sharp decline in Mexico's economic output and a significant increase in the country's fiscal deficit. In response, the Mexican government implemented a series of economic stimulus packages aimed at stabilizing the peso and boosting investor confidence.
Dollar price in Honduras
Dollar price in Nicaragua
The Costa Rican Colon has experienced fluctuations in its exchange rate against the US dollar in recent years. As of the latest available data, the exchange rate has been relatively stable, with the dollar trading at approximately 595-600 colones. This rate has been consistent over the past few months, with minimal variations observed. However, historical data suggests that the exchange rate has experienced significant fluctuations in the past, with the dollar trading as high as 650 colones in 2021 and as low as 530 colones in 2020. The exchange rate is influenced by a range of factors, including economic conditions, inflation rates, and global market trends.
The Dominican peso has experienced fluctuations in value against the US dollar over the past year, with a significant drop in 2022. According to data, the exchange rate for the Dominican peso to the US dollar stood at approximately 1 USD to 53.5 DOP in January 2022. However, by the end of 2022, the rate had decreased to around 1 USD to 57.5 DOP. This decline in the value of the Dominican peso against the US dollar has had a notable impact on the country's economy, particularly for tourists and foreign investors.
A recent study has highlighted the challenges faced by Latin American immigrants in the United States when sending money back to their families in their home countries. According to data from the World Bank, in 2020, the United States was the second-largest remittance sender globally, with a total of $69 billion sent to Latin America and the Caribbean. This represents a significant portion of the region's GDP, with remittances accounting for over 10% of the total GDP in some countries. The study found that the cost of sending remittances in the United States is relatively high, with an average fee of 5.6% charged by money transfer operators. This can result in significant losses for senders, particularly those who are already financially vulnerable. The study also noted that the use of digital payment platforms has increased in recent years, but the fees associated with these services can be just as high as those charged by traditional money transfer operators. As a result, the study's authors are calling for greater regulation and transparency in the remittance industry to protect the rights of senders and recipients.
