A practical foreign exchange and currency guide to Mexico
What's in this Mexico currency guide:
The official currency of Mexico is the Mexican peso, with symbol Mex$ and currency code MXN.
Into the final quarter of 2022 the peso is fluctuating around 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.
14 Nov 2022
30 Aug 2022
28 Nov 2021
29 Nov 2017
30 Nov 2012
03 Dec 2002
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.
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.
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.