MEXICO

(MXN) Currency News >>

CURRENCY:

Mexican Peso - MXN, Symbol M$

DENOMINATIONS:

NOTE: M$1,000, 500, 200, 100, 50 and 20.

COIN: M$100, 50, 20, 10, 5, 2 and 1, and 50, 20, 10 and 5 centavos.

Note: The M$1,000 note is difficult to change and often not accepted. The M$100 and M$50 coins are rarely seen.

US DOLLAR ACCEPTED?

Yes, widely.

CREDIT/DEBIT CARDS AND ATMS:

Major credit cards are accepted, but not on wide scale. It is recommended to check in advance if your card (credit or debit) is accepted in businesses or ATM machines as there may be some which encounter problems.

CURRENCY EXCHANGE:

This is best at official currency exchange offices.

TRAVELLER'S CHEQUES:

Best in US dollars, Sterling and Euros.

BANKING HOURS:

Mon-Fri 0900-1600. Some bank hours vary so check in advance.

CURRENCY RESTRICTIONS:

Declare on arrival

COUNTRY OVERVIEW:

Mexico is officially known as the United Mexican States and is located in North America. The capital, Mexico City, is one of the most populated in the world. There is no federal official language but Spanish is the de facto official language. There are over 60 Indigenous Amerindian languages.

POPULATION:

109, 955, 400

ECONOMY:

Mexico is described as an upper-middle income country and has the 11th largest economy in the world. The tourism industry in Mexico is one of the largest in the world, and this accounts for a sizeable proportion of the country's GDP.