This is especially important if you’re hoping to change American money in Mexico once you arrive. Over the past year, it has been hovering around 20 MXN to 1 USD.ĭownload a currency conversion app or bookmark Google’s currency conversion page so you can check the rate while you’re out and about in Mexico. The exchange rate between MXN and USD fluctuates regularly. The money of Mexico comes in the following denominations: It’s usually very apparent when this is the case, it’s generally safe to assume prices are listed in pesos. Occasionally, in super-touristy destinations like Cancun or Puerto Vallarta, you might notice some prices listed in USD. Beer does not cost $40 a bottle– the prices are in pesos! (It’s actually more like $2 USD.) Prices are displayed in MXN almost everywhere you go in Mexico, so don’t panic if everything seems to cost significantly more than expected. The currency in Mexico is the Mexican peso, and it is denoted with the $ sign and abbreviated as MXN. SafetyWing is the provider that I recommend. Insurance gives you peace of mind knowing you can get the help you need if anything goes wrong. Traveling soon? Don’t forget to buy travel insurance for Mexico. Hopefully, these tips will help you plan the best way to manage your money in Mexico! I put this article together to help you find clarity. You probably have all kinds of questions around things like how much to tip, whether you should use dollars, how to keep your cash safe (especially if carrying a lot of it), and whether your credit card will work anywhere. It can be challenging figuring out how to use a foreign currency: from determining the best way to exchange money, avoiding ATM fees, and figuring out if you’re still on a budget while navigating an exchange rate… there’s a lot of mental gymnastics involved. There’s a lot to know when it comes to managing money in a foreign country. There is a lot of differing advice out there about managing money in Mexico and a lot of it is BAD. Read my Disclosure & Privacy policies for more detail. Wondering about exchanging money in Mexico? Tipping? ATMs? These Mexico money tips will demystify everything surrounding handling money in Mexico!
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