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    Currency in Mexico – Mexican peso MXN

    A practical foreign exchange and currency guide to Mexico

     

    What currency is used in Mexico?

    The official currency of Mexico is the Mexican peso, with symbol Mex$ and currency code MXN.

     

    Things to know about the Mexican peso

     

    What the Mexican peso looks like?

     

     

     

    Mexican peso – Markets & Rates

    1 USD = 20.00 MXN
    Sell USD  →  Buy MXN
    USD to MXN at 20.01 is just 0.8% below its 90-day average 20.17 with range 19.53-20.86.
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    7-DAY-2.2%
    30-DAYLOW

    Mexican peso - Trend & Outlook

    Mid-year the peso has weakened back above the key 20 level versus the US dollar.

    When uncertainty increases, traders tend to move quickly out of emerging market FX such as the peso first before looking for safe havens.

     USD-MXN Forecasts

    DateUSD/MXNChangePeriod
    27 Jul 2022
    20.39
    1.7% 2 Week
    12 May 2022
    20.20
    0.8% 3 Month
    10 Aug 2021
    20.09
    0.2% 1 Year
    11 Aug 2017
    17.83
    12.4% 5 Year
    12 Aug 2012
    13.09
    53.1% 10 Year
    15 Aug 2002
    9.9402
    101.6% 20 Year
    USD/MXN change over periods to 10-Aug-2022

     

     

    Compare Mexican peso Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Mexican peso.

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    Travelling to Mexico

    Mexico is a fascinating and vibrant country to travel in, though like many other great spots there are also areas where there is crime, and tourists can be targeted for theft and pickpocketing. So some convenient tips are to photocopy your passport, and the front and back of your credit cards, so you have copies of their details. It may be a good idea to travel with a Prepaid Travel Card to avoid having to carry your credit card on you at all times. You can then leave your credit cards and passport in the hotel safe. 

    At the airport and bus stations in Mexico City and other major cities there are official taxis (Taxis Autorizados) that you should take. Avoid hailing taxis on the street, hotels will always be willing to organise this for you. For a long time flights within Mexico have been expensive and most travelers went by the good bus system or by train. Now however, depending on your preference, flights are very affordable and convenient, and can save a lot of time seeing more of the country. Doing a bit of looking around online can save you a lot of money on flights.

    Sending Money to Mexico

     

    You can read about the best providers and compare the latest deals for international money transfers to Mexico in our Send Money to Mexico guide.

     

     

     

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