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Mexico | Remittances continue to grow,increasing by 3.4% YoY to US$2.94 billion in October

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October was the 31st consecutive month of positive year-on-year growth in remittances, with a total of US$2.94 billion being sent to Mexico, representing year-on-year growth of 3.4%.

Geographies:Mexico
Topics:Migration

 

As expected, the pace of growth in remittances slackened, but they still grew by 3.4% year-on-year

The number of transactions and the average amount per remittance both showed low growth compared with October of last year

The exchange rate of the peso against the dollar had a positive effect on maintaining growth in remittances in real terms

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