Peso denominations include coins of 1, 2, 5, 10, and 20 pesos, plus bills of 20, 50, 100, 200, 500, and 1,000 pesos. The peso symbol ($) is the same as the US dollar, which occasionally causes confusion. Prices in tourist areas may be marked "MXN" or "USD" for clarity.
While US dollars are accepted at many hotels, tours, and tourist-oriented businesses, exchange rates offered by vendors are typically unfavorable. For the best value, exchange money at banks or use ATMs to withdraw pesos upon arrival.
When receiving change, verify you're getting pesos if you paid in pesos, as some vendors may try to give dollar-based change on peso transactions at poor rates.
Related Questions
- Are Credit Cards Accepted in Mexico?
- Where Can I Exchange Money in Mexico?
- How Much Cash Should I Carry in Mexico?
- How Much Are Meals, Drinks, Taxis and Other Daily Expenses in Mexico?
- What Kinds of Gifts and Souvenirs Can I Find in Mexico?
- Should I Leave Tips in Mexico?
- Are There Tourist Taxes in Mexico?
Insider-led Mexico Design & Concierge
Your insider team designs the trip around what you care about, then supports you in-country with private logistics, vetted partners, and concierge help when plans change.
Get StartedPrivate drivers; English-speaking available.
Avoid the crowds in private day tours.
Better stays, better pacing, better reservations.
Insider-only experiences and exclusive local partners.
24/7 in-country support by phone, text, and WhatsApp.
Insider-led Mexico Design & Concierge
Your insider team designs the trip around what you care about, then supports you in-country with private logistics, vetted partners, and concierge help when plans change.
Real Voices, Real Benefits
We believe travel is more than ticking destinations off a list – it's about discovering new places deeply, feeling connected wherever you go, and knowing you have a trusted team of local experts behind you every step of the way.
