Money in Mexico

Mexico uses the Mexican peso (MXN)

The local currency is the Mexican peso (MXN), one of the most traded currencies in the world. The exchange rate is roughly 18–19 MXN per euro. The peso uses the same $ symbol as the US dollar — prices in Mexico marked with $ are in pesos unless specifically noted as USD. Exchange euros or US dollars at banks (Banamex, BBVA, Santander, Banorte) or casas de cambio in airports, tourist areas, and city centres. Airport rates are less favourable; exchange only what you need on arrival and find better rates in town.

ATMs widely available — use bank ATMs

ATMs are ubiquitous across Mexico, from major cities to small towns. Stick to ATMs inside bank branches (Banamex/Citibanamex, BBVA, Santander, Banorte, HSBC) for security. Avoid standalone street ATMs, which carry higher skimming risk. Most accept Visa, Mastercard, and Maestro. Withdrawals are in pesos. Your bank may charge a foreign ATM fee plus a currency conversion charge; check before travel.

Cards accepted in cities and tourist areas

Visa and Mastercard are widely accepted at hotels, restaurants, shops, and supermarkets in cities and tourist destinations. Contactless payments are common in modern establishments. American Express has more limited acceptance. In smaller towns, markets, street food stalls, and local transport (colectivos, taxis), cash is essential. Mexico has one of the world's highest card fraud rates — monitor your statements.

Always carry pesos for everyday transactions

Despite growing card acceptance, Mexico remains substantially cash-dependent. Carry pesos for markets, street food, tips, taxis, local buses, tolls, and small shops. US dollars are accepted in major tourist zones (Cancun, Los Cabos, Puerto Vallarta) but at poor exchange rates and rarely elsewhere. Keep small bills (20, 50, 100 MXN) — many vendors cannot break 500 or 1,000 peso notes.