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mexican coins

Money in Mexico: A Traveler’s Guide to Cash, Exchange and Rates

Visiting Mexico means diving into colorful markets, delicious food and rich culture and of course, you’ll need some pesos to enjoy it all. Here’s what travelers should know about Mexican money, from the bills themselves to the best places to exchange and check rates.
 

The Mexican Peso (MXN)

The official currency of Mexico is the peso (MXN). One peso is divided into 100 centavos. You’ll find both coins and bills, each highlighting key figures from Mexico’s history.

 

billetesmexas

Bills (banknotes)

  • $20 pesos: Benito Juárez or Independence Bicentennial
  • $50 pesos: José María Morelos
  • $100 pesos:  Nezahualcóyotl o Sor Juana Inés de la Cruz
  • $200 pesos: Miguel Hidalgo and José María Morelos
  • $500 pesos: Benito Juárez
  • $1,000 pesos: Francisco I. Madero

Bills are made of polymer (plastic-like material) or paper. 
 

Coins

Coins come in values of $1, $2, $5, $10 and $20 pesos, with smaller centavo coins (50, 20, 10 and 5 centavos) rarely used. The bimetallic $10 peso coin is the most common in daily life.

 

money exchange

Where to Exchange Money

  • ATMs: Usually the most convenient way to get pesos. Choose ATMs located inside banks for personal safety and reliability.
  • Currency exchange houses (casas de cambio): Found widely in tourist areas and border cities like Tijuana or Cancún. Rates vary, so compare before exchanging.
  • Airports and hotels: Easy but often give the worst rates, better to avoid unless it’s an emergency.

Always count your money before leaving the counter and check that bills are not damaged (torn notes may not be accepted in shops).


Where and How to Check Exchange Rates

  • Banks: Most Mexican banks post daily rates at their branches.
  • Exchange houses: Rates are often displayed outside on large signs, easy to compare.
  • Online tools: Websites like XE.com, OANDA or Google (“USD to MXN”) give quick updates.
  • Apps: Many travelers use currency converter apps to check rates on the go.


A good tip is to exchange just a small amount at the airport if needed, then look for better rates in town.

 

Finally… 


Handling money in Mexico isn’t complicated once you know what the bills look like and where to exchange them. Carry some small denominations for taxis, tips and street vendors, and use ATMs or casas de cambio for the best value. With pesos in your pocket, you’ll be ready to shop, dine and explore Mexico with ease!