Cash usage
Mexican peso cash remains useful for smaller purchases and merchants with limited card acceptance.
Country money guide
Mexico Currency Guide
Learn how the Mexican peso is used in Mexico, then open a dated reference-rate conversion.
Currency overview
Mexican Peso in Mexico
Monetary framework
Mexico uses the Mexican peso as its official currency.
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Convert MXN
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MXN converter
MXN0.058921 USD1 MXN = 0.05892092 USD
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Currency facts
MXN at a glance
CurrencyMexican Peso
ISO codeMXN
SymbolMXN
Minor unitCentavo
Decimal places2
Central bankBank of Mexico
Currency typeOfficial currency
Money usage guide
Local money guide for Mexico
Official use
Mexico uses the Mexican peso as its official currency.
Payment environment
Cards are common in tourist and urban areas; cash is often useful for smaller merchants.
Cash and payment habits
Cash, cards and local payments
Card acceptance
Card acceptance is common at many hotels, retailers and formal businesses, but varies by location.
Mobile and contactless payments
Contactless and electronic services operate through participating banks, networks and merchants.
ATM availability
Bank ATMs can apply local charges in addition to an overseas issuer's withdrawal or conversion fee.
Exchange tips
Planning a conversion
Before exchanging
Compare the final peso amount and avoid relying only on the displayed reference rate.
Cash declaration
Mexico's customs authority publishes current traveller requirements, including rules relevant to currency carried across the border.
Popular currency pairs
MXN conversion links
Related currencies
Regional and monetary links
These links use the country dataset's regional and monetary relationships rather than a single global popularity list.
Continue exploring
Country and currency links
FAQ
Mexico currency questions
Which currency is used in Mexico?
Mexico uses the Mexican peso as its official currency.
Does Mexico have multiple official currencies?
Mexico has one official currency: the Mexican peso (MXN).
How can I compare the Mexican peso?
Use the conversion links on this page to compare Mexico's official currency with other supported currencies.
Sources and review
Rate data and official references
Data source: Frankfurter
Rate date:
Reviewed by: CurrencyHub Editorial Team
Editorially reviewed:
Content methodology
Country guidance is assembled from official monetary, payment-system and border-information sources. Missing details are omitted rather than inferred.
Sources
Report an errorExchange-rate information is provided for reference only and is not financial, trading or investment advice.