Family Remittances Decline
Mexicans Receive $17 Less on Average Compared to Previous Month
Mexicans Receive $17 Less on Average Compared to Previous Month
Historic Level with 11.3% Increase Year-on-Year
99% of remittances are sent through electronic transfers via specialized establishments, banks, and digital platforms.
In the first quarter of 2024, these three states accounted for 48% of the total remittances.
Publicidad
After a 3.4% drop in March, remittances grew by 8.3% in April. Due to inflation and the appreciation of the peso against the dollar, in April 2024, households in Mexico received 4.1% less in remittances compared to April 2023.
Thus, in March 2024, with an average exchange rate of 16.84 pesos per dollar, Mexico received approximately 84.6 billion pesos in remittances
Gastrolab MX
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