Compare our latest Mexican peso rates from top travel money providers and find the best deals for your holiday spending.
We're on a mission to improve the finances of the nation by helping you to spend wisely and save money
We're on a mission to improve the finances of the nation by helping you to spend wisely and save money
By Laura Rettie, Personal Finance Journalist.
When looking for travel money, you want to make sure you're getting the best deal. See the latest Mexican peso exchange rates and get the best deal for your next trip.
The Mexican peso (MXN) is the official currency of Mexico and isn't used by any other countries or territories.
You can order Mexican pesos online from a number of different providers, either for delivery or collection.
Online providers often offer better exchange rates than on the high street or in airports. Remember, exchange rates can vary significantly between different providers, coupled with the fact that different providers will often charge additional fees; it’s a good idea to compare providers to make sure you’re getting the best deal.
In most cases, exchanging your sterling for pesos before you leave is a good idea, and you will often get the best deal from UK providers, and it's a good idea to have some pesos on you when you get to Mexico. You can withdraw cash from ATMs or use your debit or credit cards in Mexico, but depending on your card provider's foreign transaction fees, this can be an expensive option.
If you're a regular traveller or just dislike the idea of carrying around significant amounts of cash, it might be a good idea to consider a prepaid travel card or, alternatively, a travel credit card. These are designed to be used abroad and will often come with low fees and the best exchange rates.
No matter how hard you try, knowing how much money to take on holiday can be tricky, and we've all returned from a trip with leftover foreign currency.
Luckily, several providers will now offer a buyback guarantee. This is where they promise to buy back any pesos you have left after your holiday for the same exchange rate you purchased it for.
When entering or leaving Mexico, you are able to carry any currency up to the value of 10,000 US dollars without having to declare it. This declaration can either be done at the airport or online.
Each Mexican peso is divided into 100 centavos. Banknotes come in values of 10, 20, 50, 100, 200, 500 and 1,000 pesos. Coins come in 5, 10, 20, and 50 centavos as well as 1, 2, 5, 10 and 20 pesos. Coins worth less than 50 centavos are rare, and you're unlikely to use or see them.
The information provided does not constitute financial advice, it’s always important to do your own research to ensure a financial product is right for your circumstances. If you’re unsure you should contact an independent financial advisor.
You are able to buy travel money with a credit card, but exchanging currency is often treated like a cash withdrawal and so could end up being costly. It's usually better to buy currencies with a debit card.
You'll often find the best exchange rates when ordering currency online. Like with any online transaction, though, you do need to be careful. As long as you order from a reputable provider, buying currencies online is completely safe. It's a good idea to compare your options, read customer reviews and make sure you use a reliable service.