Is cash or card better in Mexico?

Credit cards are widely accepted in Mexico, with most large stores, hotels, and restaurants accepting them. However, some smaller stores and street vendors may only accept cash. As such, it is advisable that you bring some cash along with you to not miss out on any Mexican experiences.

Are US Dollars accepted in Mexico?

US Dollars are accepted in Mexico, but not everywhere. You will find that in very touristy areas such as resorts, US Dollars may be accepted. Keep in mind that when paying with US Dollars however, the merchant may charge you more than if you paid with local currency.

How can I keep my money safe in Mexico?

Ensure you take all regular precautions when travelling through Mexico. This includes only taking out cash you need for the day, packing a back-up credit card, and avoiding using ATMs at night or in deserted areas. Always remember to carry valuables such as your passport and credit cards in a money pouch.

Buy Mexican Peso (MXN) - Our Best Exchange Rate

What is Mexico's Currency?

Currency:	Peso
Currency code:	MXN
Central Bank:	Bank of Mexico
Currency symbol:	$
Currency sub unit:	centavo
Sub unit symbol:	¢
Bank notes:	$20, $50, $100, $200, $500
Coins:	10¢, 20¢, 50¢, $1, $2, $5, $10, $20 $25, $50

The Mexican Peso (MXN, $) is the official currency of Mexico, and is the third most traded currency in Latin America after American Dollars (USD) and Canadian Dollars (CAD).

The Mexican Peso, or MXN, derives from the original eight-piece Spanish Dollar which was minted in silver and issued in Mexico during Spanish rule. The word “peso” literally means “weights” in Spanish, and refers to the gold or silver weights that took the currency’s original form.

Mexican Pesos come in both coins and notes. Denominations of coins include 1, 2, 4, 5, 10 and 20 Pesos. Note denominations include 20, 50, 100, 200, and 500 Pesos.

What to spend your pesos on**:

Local bottle of beer
19 MXN
1l of milk
18 MXN
Mid range meal for 2
500 MXN
Local bus ticket
9 MXN
Ticket for Lucha Libre wrestling
300 MXN

How many pesos will I need?**

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Must-sees in Mexico

Mexico City
Mexico City is Mexico’s densely populated capital city, and a must-see on any trip to Mexico. The city boasts a vibrant arts and culture scene, street food galore, and world-class archeological museums.

Oaxaca
Located in South-Western Mexico, this UNESCO world heritage city is famous for mescal, colourful buildings, ancient Mesoamerican archeological sites, and is widely considered the gastronomic capital of Mexico!

Tulum
Tulum is the perfect location to experience a Mexican beach destination at its best. Explore the coastline, visit Mayan ruins, try your hand at cave diving, or simply relax in the sun.

Discover Where to Buy MXN in your City

You can buy MXN online or in-store at any of our branches around Australia.

Check our full list of branches, or click the links below to find stores around major cities and lock in buying MXN at a great rate today.

FAQ relating to Mexican currency

Is cash or card better in Mexico?
Credit cards are widely accepted in Mexico, with most large stores, hotels, and restaurants accepting them. However, some smaller stores and street vendors may only accept cash. As such, it is advisable that you bring some cash along with you to not miss out on any Mexican experiences.
Are US Dollars accepted in Mexico?
US Dollars are accepted in Mexico, but not everywhere. You will find that in very touristy areas such as resorts, US Dollars may be accepted. Keep in mind that when paying with US Dollars however, the merchant may charge you more than if you paid with local currency.
How can I keep my money safe in Mexico?
Ensure you take all regular precautions when travelling through Mexico. This includes only taking out cash you need for the day, investing in a travel money belt, and avoiding using ATMs at night or in deserted areas. Always remember to carry valuables such as your passport and credit cards in a money pouch.

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Prefer to Buy in Store?

If buying online is not your thing, visit your nearest Travelex store around and one of our friendly sales consultants will help you organise your euros for your trip to Mexico.

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South America Travel Guide

Before you head off, check out our South America Travel Guide which includes some not –to- miss highlights when you visit Brazil!

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Travelling to Mexico in the Future?

Track Rates and get notified when the MXN matches your ideal rate so you can decide if it’s a good time to buy!

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^{* Rates are subject to change throughout the day. In-store rates vary compared to online.}

^{** The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip.}

^{*** Business days. Some stores open 7 days. The next available date will be displayed when ordering.}

^{^^Based on mid-market and Travelex Online AUD to FX exchange rates as of the date of the relevant social media post and/or email communication. Rates are subject to change throughout the day. Any rates and savings are quoted as a guide only.}

^{Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Terms and Conditions before deciding whether to acquire any product.}

^{Mastercard Prepaid Management Services Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Travelex Money Card in conjunction with the issuer, EML Payment Solutions Limited (‘EML’)(ABN 30 131 436 532, AFSL 404131). You should consider the Product Disclosure Statement for the relevant Travelex Money Card and Target Market Determination available at www.travelex.com.au, before deciding to acquire the product. Any advice does not take into account your personal needs, financial circumstances or objectives and you should consider if it is appropriate for you. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.}

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