Mexico's Remittances Experience Downturn: A Financial Shift

Remittances to Mexico fell by 1.7% year-on-year in October, reaching $5.64 billion. This marks the seventh consecutive month of decline, while Central American countries report increases. The total number of transactions decreased by 5.4%, although the average payment value rose by 4%.

In a notable shift, remittances to Mexico have declined for the seventh consecutive month, dropping by 1.7% year-on-year in October to $5.64 billion. This trend contrasts starkly with the sharp increases observed in Central American nations during the same period.

The decline was more pronounced in the total number of remittances, which fell by 5.4%. However, the average value of each transaction saw a modest rise of 4% compared to last October, according to the latest release from the nation's central bank.

In September, 14 million transactions contributed to an average of $403 each, but the cumulative figure through October 2025 reached $51.34 billion, reflecting a 5.1% reduction from the previous year. These financial shifts indicate emerging trends in cross-border money flows.

(With inputs from agencies.)