USD
MXNValid on your first transaction (up to 500.00 USD with a debit card). This offer cannot be combined with other promotions. Credit cards add 3%.Above $500 the standard rate and fee apply.
The peso weakened after Banco de México cut its benchmark rate by 25 basis points to 6.25% on November 5. The dollar reached 18.96 pesos before closing at 18.75, while October inflation accelerated to 3.75% year over year from 3.45% in September. Source: newsobserver.com
Updated November 9, 2026
The dollar exchange rate at Elektra depends on what you are doing. If your family cashes a remittance at Elektra, the rate is set by the company that sent the money, not by Elektra. On November 9, 2026, Sharemoney pays 18.40 pesos per dollar for transfers to Mexico, or 19.10 on a first transfer.
If you are changing cash dollars yourself, it is different: on November 7, 2026, the Elektra and Banco Azteca counter bought dollars at 17.00 pesos and sold them at 19.19 to 19.34 pesos.
| Sharemoney rate to Mexico | Pesos per dollar | Transfer fee |
|---|---|---|
| Standard rate | 18.40 MXN | $3.99 for cash pickup at Elektra, $1.99 for a Banco Azteca deposit |
| First transfer (up to $500 with a debit card) | 19.10 MXN | $0 |
| Elektra / Banco Azteca counter, buying your cash dollars | 17.00 MXN | No fee, but you get fewer pesos |
Rates move every day, and this article cannot update itself by the minute. For the rate that applies right now, open the Sharemoney calculator for Mexico. The number you see before you tap Send is the number your family receives.
Two Different “Dollar Prices” at Elektra
When people search for the dollar exchange rate at Elektra, they usually mean one of two things, and the numbers are not the same.
- Exchanging cash dollars at the counter. If someone in Mexico walks into Elektra or Banco Azteca with US bills, Banco Azteca buys those dollars at its own “compra” rate. That rate is usually well below the market rate.
- Collecting a remittance sent from the USA. If you send money from the USA and your family picks it up at Elektra, the exchange rate is locked in by the remittance company when you send. Elektra simply pays out the pesos.
Here is how wide that gap was on November 7, 2026. Mexican press reported that Banco Azteca, which runs the currency counters inside Elektra, was buying dollars at 17.00 pesos and selling them at between 19.19 and 19.34, depending on the source. The reference rate published by Banco de México on Friday was 18.71.
| Rate type (November 7, 2026) | Pesos per dollar | Who it applies to |
|---|---|---|
| Banco de México reference rate (FIX, Friday) | 18.71 | Market benchmark, not a retail price |
| Elektra / Banco Azteca “compra” (buys your dollars) | 17.00 | Someone exchanging cash dollars at the counter |
| Elektra / Banco Azteca “venta” (sells you dollars) | 19.19 to 19.34 | Someone buying dollars in Mexico |
| Sharemoney transfer collected at Elektra | 18.40 (19.10 on a first transfer) | Your family, when you send from the USA |
The lesson: if you carry $500 in cash to Mexico and exchange it at the counter, you usually get fewer pesos than if you send the same $500 digitally and your family collects it at Elektra. At the counter rate reported on November 7, 2026, that meant 8,500 pesos, versus 9,200.80 pesos with a Sharemoney transfer at today’s standard rate, before the $3.99 transfer fee.
How Much Your Family Receives at Elektra
These examples use Sharemoney’s rate for transfers to Elektra on November 9, 2026. Your family receives the full amount in pesos. Elektra does not charge the recipient to collect it.
| You send | Your family receives (standard 18.40) | Your family receives (first transfer 19.10) |
|---|---|---|
| $100 | 1,840.16 MXN | 1,910.09 MXN |
| $200 | 3,680.32 MXN | 3,820.18 MXN |
| $300 | 5,520.48 MXN | 5,730.27 MXN |
| $500 | 9,200.80 MXN | 9,550.45 MXN |
How to Send Money for Pickup at Elektra in 5 Steps
- Download the Sharemoney app or open sharemoney.com and create your account.
- Choose Mexico and enter how many dollars you want to send. You will see the exact pesos before you pay.
- Select Cash Pickup and choose Elektra – Banco Azteca. Pick the specific Elektra location where your family will collect.
- Enter your recipient’s full name exactly as it appears on their official ID, then pay with your debit card, credit card or Apple Pay.
- Share the reference number with your family. They can collect the pesos at the Elektra you selected, usually within minutes.
The dollar exchange rate at Elektra that you see in the app is locked in when you pay, so it does not change while your family travels to the store. You can see every Elektra and Banco Azteca pickup option on our Elektra cash pickup page. If your family has a Banco Azteca account, a direct deposit costs less ($1.99) and also arrives in minutes. Our guide to sending money to Banco Azteca explains that option step by step.
Compare the Dollar Exchange Rate at Elektra Before You Send
The company you send with decides how many pesos arrive, so it pays to compare. Sharemoney collects the public prices of other providers twice a day. This was the snapshot for a $250 transfer to Mexico by bank deposit, paid with a debit card, at standard (non-promotional) rates:
| Provider | Fee | Exchange rate | Your family receives |
|---|---|---|---|
| Sendwave | $1.99 | 18.55 | 4,600.17 MXN |
| Sharemoney | $1.99 | 18.40 | 4,563.78 MXN |
| Ria | $1.99 | 18.28 | 4,533.62 MXN |
| Western Union | $1.99 | 18.27 | 4,531.51 MXN |
Rankings change during the day, which is why the table shows the date and time each rate was collected. For a deeper look at timing, read our USD to MXN exchange rate guide.
What Your Family Needs to Collect at Elektra
- A valid official ID, such as the INE voter card or a passport.
- The reference number of the transfer.
- A name that matches the ID exactly. “Ma. Guadalupe” and “María Guadalupe” can cause a delay, so type the full name as it appears on the card.
- The Elektra location you selected when you sent the money.
The 1% Remittance Tax and How to Avoid It Legally
Since January 1, 2026, the United States charges a 1% excise tax on remittances paid with cash, a money order or a cashier’s check, as explained in IRS Publication 510. Transfers paid with a debit card, a credit card or a US bank account are exempt. Because Sharemoney transfers are paid digitally, your family’s pesos at Elektra are not reduced by that tax.
Why So Many Families Use Elektra
In many Mexican towns, Elektra is more than an appliance store. It is where grandma pays the weekly “abono” on the refrigerator, where a cousin opened his first Banco Azteca account, and where the family collects money sent from the USA on Saturday morning before going to the market. Elektra stores stay open longer than most bank branches, and in smaller towns they are often the closest place to get cash. That is why choosing Elektra for pickup is less about the store and more about saving your mother a trip to the city.
Frequently Asked Questions
What is the dollar exchange rate at Elektra today?
For remittances, the dollar exchange rate at Elektra is set by the company that sends the money. On November 9, 2026, Sharemoney pays 18.40 pesos per dollar (19.10 on a first transfer). For exchanging cash dollars at the counter, Banco Azteca sets its own buying rate, which on November 7, 2026 was 17.00 pesos per dollar.
Does Elektra charge a fee to collect a remittance?
No. When you send with Sharemoney, your family collects the full amount in pesos at Elektra without paying a fee. The sender pays the transfer fee: $3.99 for cash pickup, or $0 on a first transfer of up to $500 with a debit card.
Is Elektra the same as Banco Azteca?
They belong to the same group, Grupo Salinas, and Banco Azteca branches operate inside many Elektra stores. For remittances they work as one network: in the Sharemoney app the pickup option is called Elektra – Banco Azteca.
Is it better to exchange dollars at Elektra or send a remittance?
Usually a digital remittance gives more pesos. Counter buying rates tend to sit well below the market rate, while digital transfer rates sit much closer to it. Compare the exact pesos before you decide, since both rates change daily.
How long does it take for money to arrive at Elektra?
Cash pickup at Elektra is usually available within minutes after the transfer is confirmed. Larger transfers or a first transfer can take longer if an extra identity check is needed.
Do I pay the 1% remittance tax if I send to Elektra?
Not if you pay with a debit card, a credit card or a bank account. The 1% federal tax that started on January 1, 2026 applies only to remittances paid with cash, money orders or cashier’s checks.
Get the real dollar exchange rate at Elektra with Sharemoney
Your family collects at the Elektra you choose, without paying to receive, and you see the exact pesos before you send. See today’s rate and every delivery option on our Mexico transfer page.
Related reading: How to Send Money to Mexico from the US · Send Money to OXXO from the USA
