![]() ![]() Many typical Mexican towns and cities do not accept US Dollars.Įven if you do visit a place that has prices in US Dollars, it is almost always better to pay in Mexican Pesos as you’ll usually get a slightly better deal. If you’re visiting areas in Mexico that aren’t swamped with US tourists, though, you’ll have to pay using the Mexican Peso. Here, you can pay at most places (bars, restaurants, hotels etc.) in US Dollars, except for things like grocery stores. ![]() In many of the super-touristy areas of Mexico, such as Puerto Vallarta, Tulum, and Cancun, you’ll often see prices listed in US Dollars. Each peso is split into 100 centavos, which are represented by the ¢ symbol. One peso isn’t the smallest denomination of Mexican currency. This is because, for example, a beer at a bar in Mexico may cost $25, and it would be insane if you thought that price was in dollars instead of pesos! The symbol for the Mexican Peso is the dollar sign ($), so this can be confusing, but it will be very easy for you to tell that the price is in Mexican pesos, not US Dollars. You can indeed do this, sometimes, but that’s something we’re going to discuss later in this post! This can sometimes surprise US travellers who expect that they can just use their US Dollars in Mexico. The local currency in Mexico is the Mexican Peso (MXN). In this guide I’m going to share everything you need to know about money and currency in Mexico before your trip, so that you can enjoy your vacation stress-free. But wait… What currency is best to use in Mexico? In fact, what currency does Mexico even use? Luckily, Mexican currency is very easy to understand. The time has finally arrived – you’ve booked your flights, read through all of the Mexico posts on this blog and now you’re ready for your trip to Mexico. If you make a purchase through them, I may receive a small commission at no extra cost to you! As an Amazon Associate, I earn from qualifying purchases. As a rule, only plan to use your ATM card when you need to withdraw cash.There is a good chance that this post contains affiliate links. Another thing to keep in mind is that it is always better to keep cash on hand because so many places don't accept plastic, especially places like the flea market. For Canadians, you will find there are HSBC and Scotiabanks. An example, CitiBank in the States has an affiliate called Banamex and Bank of America with Santander. Some banks have Mexican affiliates that won't charge you to use the ATM. Sometimes the ATM will give you the best rate of exchange but you will get tagged with big fees. Unless you want to carry your passport past the hotel lobby doors, it’s best to change before you go out and about. Be sure to remember that you will need your passport to change money at a bank or casa de cambio. There are several places around town where you can change currency and the rates are posted outside of the establishment. You don't want to be stuck with a lot of pesos at the end of your trip because it will cost you more to buy back your original currency. It's a good idea to change your home currency to pesos in increments. You can make a currency exchange before you leave the airport in Cancun or at your hotel when you arrive. ![]()
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