Likewise, if there is less demand, the value will decrease.The best way to get pesos in Mexico for your trip is to use your debit card at an ATM. If pesos are in high demand, their value will increase. The exchange rate is in constant fluctuation and is determined by the flow of currencies in and out of Mexico. 100 MXN, $100 MN or MX$100 are all different ways to write 100 pesos. The banknotes will be your most commonly used currency.Ī peso may be displayed multiple ways, regardless of which way it is displayed though, it all means the same thing price-wise. Centavos are generally used to take a bus, or as a tip when dining out at a restaurant. Mexico prints banknotes in denominations of 20, 50, 100, 200, 500, and 1000 pesos. The more common form of pesos you will see are banknotes. Centavos denominations are found in 1,10, 20, and 50-piece coins. In Mexico, the peso is the official currency. But if you want to get the best bang for your buck, make sure you are paying with the proper currency. In most tourist areas of Mexico, shops, as well as restaurants, will accept USD.
This method usually results in friendlier fees and a better exchange rate. Pro tip: You can order pesos online before arriving and pick it up at the airport. That said, if you can hold off, I recommend waiting until you can find an exchange in the city you’re visiting for the best exchange rate. Not only are the fees usually higher, but the exchange rate tends to be lower than what you can find in the city. Sure, these exchanges are extremely convenient, but you also pay a premium for them. Your last resort for getting pesos should be an airport exchange. You don’t want any wandering eyes seeing you stuff a wad of cash in your pocket while walking down the street. Pro tip: Be sure to tuck away your cash before leaving the window. When using an exchange house, make sure to ask about any fees and if there’s a charge to pay using your bank card as each location will vary. This makes it easy to compare rates when walking by. I like these shops because they display the exchange rates on a board facing the front of the shop.
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