Not all banks in Mexico can exchange dollars to pesos, and some require that you have an account with the bank. If you can’t use your credit card and you don’t want to use an ATM to retrieve pesos, you can either go to a currency exchange office or a bank in Mexico. Most restaurants, hotels and stores accept credit cards in Mexico.įoto: Shutterstock Other Exchange Options Paying with a credit card will give you the best exchange rate. Many credit cards feature no international transaction fees, so check to see if your card offers that. Second, you need to make sure there are no international fees when you pay with your credit card. Info includes intraday forex data if available, an example MXN USD currency. If not, the bank may think it’s been stolen, and they could freeze or cancel your card. Convert Mexican Pesos to Dollars using the foreign exchange rate 07:24. First, you have to call your bank to let them know you’re traveling abroad and you’ll be using your card. But the best way to pay (if the merchant allows it,) is with a credit card. There are a few options in Mexico for exchanging dollars to pesos. Airport kiosks are convenient and though there may be a small commission fee, it’s not considerable. You don’t want to be a target for thieves.įoto: Shutterstock Currency exchange at the airport in Mexicoīuying pesos when you land and selling them before you leave Mexico can be easy and very economical when you exchange your currency at the airport. However, you need to be careful about carrying a large amount of cash while you travel. If you know you’ll be needing a lot of cash, you can take it out all at once to avoid paying the service fee multiple times. You will often receive the best exchange rate, even though you have to pay a service fee every time you withdraw. The most convenient way to buy pesos when you’re already in Mexico is by using ATMs. Most banks will do this for free, especially if you’re not withdrawing a significant amount of money. According to this USA Today article, the most economical way to do this is to buy pesos from your bank in the U.S. It’s recommended that you buy pesos before you land in Mexico, just in case you need the cash. dollars to Mexican pesos fluctuates daily, so check online for the current rate. These “centavos” aren’t worth a lot, but they’ll definitely come in handy when you’re out and about. You may get change in coins, which come in values of 1, 2, 5 and 10 pesos. While Mexico uses the same symbol $ for its currency, keep in mind that it’s always pesos. Mexico’s national currency comes in colorful bills of 20, 50, 100, 200 and 500 pesos. Here are some tips to help you prepare and to guarantee you’re getting the best exchange rate while abroad. Also, have a plan for exchanging dollars into pesos once you arrive. Before you travel to Mexico, make sure you have some pesos on you for your trip.
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