Currency Guide Mexico

Currency

Mexico Peso = 100 centavo(s) Notes are in denominations MXN1000, 500, 200, 100, 50, 20

To view images and descriptions of all these denominations [click here]

Credit Cards

Major credit and debit cards are accepted at most hotels, shops, restaurants and travel service providers in Mexico. Your purchases will charged in Pesos, and your bank will convert the amount back to the equivalent in the local currency where your account is held and charge it to your account. Occasionally your bank may levy additional charges be sure to check before you travel. If the store you visit uses the old style carbon copy imprinter system be sure to destroy the middle copy for your own safety. If you are taking a ‘maestro’ card be sure to check with your issuing bank before you go as many Mexican cash machines will not accept these cards.

Currency Regulations

The import and export of all local and foreign currencies is free. However, amounts exceeding USD10,000 or equivalent in cash or cheques must be declared to customs.

[Click Here] for more information on doing a money transfer to Mexico.

Currency Exchange

Most exchange houses and banks do not levy additional fees to cash traveller's checks or exchange foreign currency but be sure to read the small print as many will try to tack on a commission to an unsuspecting tourist. Some banks will only exchange money if you hold a Mexican bank account, so it is best to sort out your currency needs before you go. Many of the bigger cities and towns and the ‘border’ towns will accept US dollars as a method of payment.

Banks

The banking hours in Mexico are generally Mon-Fri 0900-1700; some banks are open Saturday afternoon.

Exchange Rate History

Date   MXN Rate
01/01/02   12.644
01/01/03   15.919
01/01/04   19.048
01/01/05   20.353
01/01/06   17.465

A rough guide to the tourists rates for the Mexican Peso since the beginning of 2002

View Mexican Peso exchange Rate

Order Mexican Peso

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