MEXICO  Money and Currency

Mexican Currency The Mexican currency is the peso ($ or MXP), issued in $ 20,00; $ 50,00; $ 100,00; $ 200,00; and $ 500,00 bills; and in 0,05; $ 0,10; $ 0,20; and 0,50 cents; and $ 1,00; $ 2,00; $ 5,00; $ 10,00; $ 20,00; and 50,00 pesos in metallic coins. Cash in Foreing Currency Cash in foreign currency is used in the case of American dollars, which are accepted in hotels and stores of places with a high tourist flow.  Dollars are also very used in cities limiting with The United States, which handle this currency in a one – to – one correspondence with the peso. Credit cards Credit cards are widely accepted and used in Mexico.   The most commonly accepted are Visa, MasterCard and American Express, which may also be useful to withdraw money from automatic tellers. Some distant country towns work only on cash, so it is convenient to have it at hand if you are going to visit those places. Automatic Tellers Automatic tellers are a convenient way to get cash, although there is an extra charge if you withdraw money abroad; this is compensated by the fact that you don’t have to pay commission exchanging money or traveler’s checks.   In commercial and banking areas, it is easy to find automatic tellers.   In the same tellers, it is indicated the type of card accepted, Cirrus or Plus, for example, and they are available 24 hours a day. Money Exchange American dollars are the most common foreign currency in Mexico; nevertheless, it is also possible to exchange some other currencies, such as Canadian dollars in tourist places.   In Mexico, it is possible to exchange money not only in banks, but also in money exchange institutions; however, you must take into account that banks only work at some hours of the day.   Money exchange institutions can be found in almost all cities; it is a fast and comfortable system to exchange money; nevertheless, you must consider that many of them don’t accept traveler’s checks.   It is also possible to exchange money in hotels, though the exchange rate won’t be very convenient for you. Visit our section of Shopping Centers. For information about the exchange rate, visit The Universal Currency Converter (TM)