Banco de México (Banxico) reported that remittances sent to Mexico totaled $36.349 billion between January and July 2026, a 3.1% annual increase. ^[1] The Bank of Mexico (Banxico) reported that remittances sent to Mexico grew by 3% in July compared to the same month the previous year. ^[2] According to the Banco de México (Banxico), remittances sent to Mexico reached $36.349 billion during the first seven months of 2026. ^[3] Between January and July 2026, the number of remittance operations to Mexico fell 1.6% year-over-year to about 89 million, while the average remittance rose 4.8% to $408, according to Banxico. ^[4] In 2025, Mexico received $62.472 billion in remittances, a 3.9% annual decline, breaking an 11-year streak of consecutive growth, according to Banxico. ^[5] Beneficiary households received $5.57 billion in remittances in July, marking the third consecutive month where the monthly flow exceeded $5 billion. ^[6] Despite the positive growth in dollar terms, the remittances fell by 3.7% annually in Mexican pesos. ^[7] Gabriela Siller, director of economic analysis at Banco Base, explained that remittances are spent in pesos and have lost purchasing power for 14 consecutive months due to the appreciation of the peso. ^[8] Mexico is firmly positioned as the second largest remittance receiver in the world, surpassed only by India. ^[9] The United States remains the main country of origin for the transfers despite the aggressive migration policy of the United States. ^[10] This figure represents a 3.1% growth compared to the same period in the previous year, equivalent to a net increase of $1.099 billion over the $35.25 billion captured in 2025. ^[11]