Mexico - Currency & Exchange

The official currency of Mexico is the Mexican Peso. The rate of exchange against the US dollar fluctuates daily.[1 USD is ˜ 10.968 Mxn pesos] .

Most hotels have a currency exchange desk, but you will get the best rates at banks and exchange houses. Banks will give cash advances in pesos, for a fee, if you have a major credit card. Most restaurants, bars and shops accept major credit cards. Smaller, less expensive restaurants and shops will only take cash. ATM machines are available and most bank cards with Cirrus or Visa/Master card status can be used; Keep in mind the machines will dispense Mexican Pesos, not U.S. Dollars.

Mexican currency comes in denominations of 10, 20, 50, 100, 200, and 500 peso bills. Coins come in denominations of 20, 10, and 5 pesos and 50, 20, 10, and 5 centavos. To avoid fraud, it's wise to make sure that "pesos" is clearly marked on all credit card receipts.