Welcome to Destination MexicoTravel Tips - Money


Money:

  • The monetary currency for Mexico is the Peso (one peso = 100 centavos).

  • Bills come in denominations of 20, 50, 100, 200, 500 and 1,000 pesos. Coins are issued in denominations of five, 10, 20 and 50 cents, and one, two, five, 10 and 20 pesos (although the latter is no longer accepted in many places).

  • The Mexican government permits tourists to exchange dollars for pesos at the fluctuating free market rate. There are no restrictions on the import or export of bank notes and none on the export of reasonable quantities of ordinary Mexican coins. However, gold or silver Mexican coins may not be exported.

  • The use of travelers checks is advised. Personal checks are rarely accepted by Mexican hotels or banks. Major credit cards are accepted in many hotels, shops and restaurants. An exchange office (casa de cambios) usually gives a better rate of exchange than stores, hotels or restaurants.


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