All About Mexican Pesos - Getting Used to Mexican Money — Spanish and Go (2022)

In this article, we're going to be talking about something every traveler coming to Mexico needs to know about. Mexican money. Let's get started.

Before you visit Mexico, it's helpful to familiarize yourself with the currency you're going to be using it while on your trip. In this article, we're going to show you how to get and convert Mexican pesos from U.S. dollars as well as some interesting facts about the almighty peso.

Table of Contents

    What is a Peso?

    Modern currencies that used the “peso” have a common origin in the Spanish dollar from the 15th-19th centuries. If you’ve ever wondered why pesos use the same symbol as the dollar, it’s because they share a common history.

    Peso in Spanish literally means weight, and was used to refer to pesos oro (gold weights) or pesos plata (silver weights).

    A peso in terms of Mexican currency is a Mexican peso (sign: $; code: MXN) or peso mexicano in Spanish. One peso is the equivalent of one-hundred centavos (100¢ MXN).

    Mexican Peso Symbol and Abbreviations

    One common way to distinguish whether the “$” symbol refers to dollars or pesos is with the addition of MX before the “dollar” or “$” sign. An alternative to this convention is by adding the “MN” after the the value is written, e.g. $100 MN. The MN stands for Moneda Nacional, which means "National Currency."

    If you’re searching for real estate, you may see “mdp” after the value. For example, 3.2 mdp means 3.2 milliones de pesos or 3.2 million pesos.

    MXN is the official currency code for Mexican pesos.

    How to Get Pesos

    You have a few options to get your hands on some pesos.

    Exchange Money at the Bank

    Your first option for exchanging for pesos is at certain banks. They usually have an exchange service, and you can use that prior to your trip you can just go to the bank and get some pesos and you'll be ready to go to Mexico.

    Banks like U.S. Bank and Wells Fargo offer this service.

    Visit Currency Kiosks

    Number two is the currency exchange kiosks that you can find at most any airport, and also in most cities where there’s tourism.

    Use the ATMs

    And option number three is ATMs. That’s our preferred way of getting pesos when we are in Mexico. We have learned that we get better rates when we use the ATM instead of going to the bank or exchanging money at the kiosks.

    So, those are the three main options you have for converting dollars (or pretty much any other currency) into pesos.

    All About Mexican Pesos - Getting Used to Mexican Money — Spanish and Go (1)

    (Video) All About Mexican Money

    The Cheapest Ways to Get Pesos

    The cheapest way to pay in Mexican pesos is to not handle them at all when possible. Paying with a travel credit card will almost always give you the best rate with no additional fees because travel cards generally don’t charge foreign transaction fees.

    But if you need to get your hands on actual pesos, withdrawing from an ATM using a debit card that refunds you ATM fees is your best option. This is actually what we recommend for most countries as outlined in our Ultimate Guide to Travel Banking.

    How to Send Money to Mexico

    If you’re trying to send money to a friend, family, or loved one in Mexico, one of your best options is with Wise. This can even be a good option if you’re trying to send money from your US bank account to an account you have in Mexico when living abroad.

    Wise has the lowest fees around, whether you need to transfer $10 or $10,000 USD. This makes them ideal for most options. However, if you’re moving money to purchase real estate, keep in mind though that the limit Mexican accounts can receive using this method is $1,976,693.5 MXN (roughly $94,900 USD).

    How do you say ATM in Spanish?

    An ATM is called a cajero automatico in Spanish. Sometimes this is shortened to cajero when enough context is given to specify that you are asking about an ATM. Cajero actually means “cashier,” so when you say cajero automatico, you’re literally saying “automatic cashier.”

    All About Mexican Pesos - Getting Used to Mexican Money — Spanish and Go (2)

    If you want to ask where you can find an ATM in Spanish you can say, “¿Dónde está el cajero automático?” - “Where is the ATM?” Or alternatively, you can ask “¿Hay un cajero automático cerca de aquí?” - “Is there an ATM close to here?” Need more help with directions? Learn more in our article and video about how to ask for directions in Spanish.

    How to Exchange Pesos for Dollars

    At the end of your visit to Mexico, you might find yourself with some spare peso coins, or some bills that you’d like to convert back into US dollars. We’ve already shown you the cheapest way to get pesos, but how can you exchange them back for dollars? Here’s what you can do with leftover foreign currency.

    The cheapest way to convert your extra pesos back into US dollars is by bringing them back to the US. As mentioned previously, banks usually have the best rates, and several larger banks such as Wells Fargo are happy to help reconvert your money for you.

    With banks, you'll get a far better rate than anything you'll find in Mexico in terms of exchange kiosks. The mark-up is almost always built into the conversion rate. Always beware of exchanges that claim to do it for "no fee."

    But if you don’t want to go through the extra hassle, holding on to your pesos until your next trip isn’t a bad idea either. Especially if you plan to be back in less than a year or two. We tend to hold on to some pesos in between trips just so that we have cash as soon as we get back into Mexico. It’s nice to not have to look for an ATM right away, and have enough for a few tacos or some guacamole when we land.

    How to Convert US Dollars (USD) and Pesos (MXN) in Your Head

    Once you have your hands on some pesos it's helpful to know how much you'll be spending with this easy formula. Right now in 2022, one U.S. dollar equals about 20 pesos. The daily conversion may vary slightly above or below, but 20 pesos to the dollar makes it really easy to convert.

    If you're going to buy something that says it's 500 pesos, all you need to do is move the decimal point over one and that will leave you with 50. Cut that in half and that's how much it is going to be in U.S. dollars. So, half of fifty is twenty-five dollars.

    Or, if you have 50 U.S. dollars and you want to convert that to pesos, all you need to do is move the decimal point over the other way and double it. So 50 dollars adding a zero at the end you’ve got 500. Double that and you’re looking at about a thousand pesos.

    Mexican Peso Denominations

    The current Mexican coins in existence are 5, 10, 20, and 50 cents, as well as 1, 2, 5, 10, and 20 pesos.

    The current Mexican bills in existence are 20, 50, 100, 200, 500, and 1000 pesos.

    The 1000 Pesos Bill

    You probably won't get to see this bill when you're here in Mexico because it's not very common, but it is real. It exists. However, if you happen to come into possession one, know that most small stores will not have change for it.

    All About Mexican Pesos - Getting Used to Mexican Money — Spanish and Go (4)

    (Video) What Can You Buy With Mexican Money? | Currency Comparison to US Dollar

    Mexican Coin Values

    We covered how to convert pesos in your head above, but if you’re still stuck, it might help you think about it in another way. In the USA we have dollars and cents, and in Mexico, there are pesos and centavos (cents). Just as 100 cents make up a dollar in US currency, 100 cents make up one peso in Mexican currency.

    To keep things simple, let’s say 20 Mexican pesos is roughly equal to one US dollar. Then the Mexican coins you’ll encounter are worth:

    • 5 centavos ($0.05 MXN) = $0.002 USD

    • 10 centavos ($0.10 MXN) = $0.005 USD

    • 20 centavos ($0.20 MXN) = $0.01 USD

    • 50 centavos ($0.50 MXN) = $0.02 USD)

    As mentioned in the denominations section above, Mexico also has several peso coins. Remember, each whole peso is worth 100 centavos. That means these peso coins are worth roughly the following:

    • 1 peso ($1.00 MXN) = $0.05 USD

    • 2 pesos ($2.00 MXN) = $0.10 USD

    • 5 pesos ($5.00 MXN) = $0.25 USD

    • 10 pesos ($10.00 MXN) = $0.50 USD

    • 20 pesos ($20.00 MXN) = $1.00 USD

    All About Mexican Pesos - Getting Used to Mexican Money — Spanish and Go (5)

    Bear in mind, these values are using a conversation rate of $1 USD = $20 MXN to illustrate the rough value of pesos to dollars. This works well for estimating the cost of small items. However, the actual exchange rate varies daily.

    Where to Find the Current Exchange Rate

    While the exchange rate has typically and conveniently hovered around $20-23 MXN to $1 USD over the past few years, this changes constantly. For more accurate conversation rates, use a currency conversion website like xe.com or Google “USD to MXN.”

    The Value of Old Mexican Pesos

    Old Mexican Pesos (MXP) are obsolete. The standard currency you see today in Mexico is what is referred to as the Nuevo Peso or “New Peso” (MXN). This transition from the old peso officially took place on January 1, 1993. Essentially, the new peso erased three zeros off the old peso to clean up the effect of years of inflation.

    1000 MXP is the equivalent of 1 MXN. That’s roughly $0.05 USD at current rates.

    It’s not uncommon for people who have been traveling to Mexico for decades to still be in possession of some old pesos, not realizing that their value is actually much less than what it appears on the bill when factoring in the transition to the new peso.

    The old peso bills and coins are no longer accepted as cash within the general population, however, they still can be cashed in for the modern value equivalent in new pesos at the Bank of Mexico.

    How much are old pesos worth exactly?

    While some collectors might place a higher value on rare or misprinted coins and bills, the value of most old pesos can be figured out quite easily on your own.

    Simply follow these three steps to convert old Mexican pesos (MXP) to new Mexican pesos (MXN) and then into US dollars (USD.

    (Video) Convert Mexican Pesos to USD: Easily In Your Head

    1. Tally up the total of the bills and coins you have

    2. Move the total three decimal places to the left

    3. Enter the result in the MXN field here

    Or see the conversion for each of the old Mexican peso bills directly from the Bank of Mexico here.

    Is $100 a lot of money in Mexico?

    A popular question for people interested in visiting Mexico is how far $100 USD goes there. This is a difficult question to answer as it involves many factors such as where you plan to visit and what your standard of living is. But we’ll give you an idea of what you can expect for pricing in general in Mexico.

    The overall cost of in living Mexico is roughly half that of the United States, so a quick “back of the envelope” calculation for what most things will cost there can be done by taking the price of a similar public utility or living expense in the US (not including electronics) and dividing by two. Obviously, this guestimation will be different depending on where you plan to visit. Colima is generally cheaper than Quintana Roo.

    The average inexpensive meal at a restaurant in Mexico costs roughly $100 pesos (~$4.73 USD), domestic beer around $30 (~$1.42 USD), and bottled water $11.52 (~$0.54 USD). The cost of other typical expenses in Mexico can be found and compared here.

    Is $100 USD a lot of money to a Mexican? As of Jan 1, 2020, Mexico's minimum wage was raised to $123.22 pesos per day. That means a Mexican working minimum wage would have to work at least 17 days to make the equivalent of $100 US Dollars.

    Getting Change in Mexico

    One culture shock for many who visit Mexico for the first time is how difficult it can be to find a store or vendor who has change for larger bills. Often times, 200 peso bills and larger will cause more trouble than they’re worth when purchasing cheaper items. You’ll find that ten-peso coins are often more valuable than they look as it’s much easier to get change for purchases using smaller denominations.

    This does not mean that larger bills are useless. Just keep in mind that if you’re making a purchase that requires getting fifty to one hundred or more pesos back in change to try to use the smallest denominations you can to help assure that you’re able to make the transaction.

    Often times if you do not have the correct change or close, a vendor may ask you to wait a moment while they run next door to see if a neighboring establishment can break a larger bill.

    Tipping with Pesos in Mexico

    Ever wonder whether you should tip in pesos or dollars? While many touristy cities in Mexico often have restaurants that accept payment in dollars, it’s usually a bad idea to pay in anything other than the local currency.

    But what about tipping in dollars? This is also generally less than ideal for the locals because most places in Mexico only accept Mexican pesos as payment. This means that whoever you’re tipping will have to spend their time finding a place to convert your tip into a local currency where they’ll likely not be getting a great conversation rate either. Time is money, and currency conversion kiosks are usually a rip-off. Again, it’s best to tip in pesos.

    How much should you tip? We answer that in our guide to tipping in Mexico.

    Who’s on Mexican Pesos?

    As with the U.S. dollars, Mexican money portrays the image of important people from the country's history. In the case of Mexican pesos, the people on the bills are famous luminaries who lived before, during, and after the Spanish conquest.

    Who’s on the 1,000 Pesos Bill?

    The newest version of the 1,000 pesos bill features former Mexican president Francisco I. Madero, and Hermila Galindo and Carmen Serdán. Madero was a Mexican writer, businessman, revolutionary, and statesman, who became the 37th president of Mexico in 1911. Galindo was Mexico’s first congress delegate, and Serdán was a Mexican revolutionary.

    The previous version of the 1,000 pesos bill pictures Miguel Hidalgo, a Mexican national hero who was the leader of the Mexican War of Independence.

    Who’s on the 500 Pesos Bill?

    The newest version of the 500 pesos bill features Benito Juárez, former Mexican president who served from 1858 until his death in 1872. He was the first Mexican president who was of indigenous origin.

    The previous version of the 500 pesos bill shows Diego Rivera, a Mexican muralist, and his wife Frida Kahlo, a renowned Mexican artist.

    Diego Rivera was born in one of our favorite cities in Mexico. Be sure to check out his museum, located at the house he grew up if you visit. Or, join us for a Spanish immersion retreat in Guanajuato to see it on a trip with us!

    Who’s on the 200 Pesos Bill?

    The 200 pesos bill pictures Miguel Hidalgo and José María Morelos y Pavón, who were both leaders and revolutionaries who fought for Mexico’s independence from Spain. Miguel Hidalgo is also known as the Padre de la Patria, or “Father of Homeland.”

    (Video) Mexican Money | Expat Spanish | Nadene in Mexico

    All About Mexican Pesos - Getting Used to Mexican Money — Spanish and Go (7)

    Who’s on the 100 Pesos Bill?

    The current version of the 100 pesos bill features Sor Juana Inés de la Cruz, famous Mexican poet and writer.

    The previous version of the 100 pesos bill shows Nezahualcóyotl, a philosopher, architect, poet, warrior, and ruler (tlatoani) of the city-state of Texcoco in pre-Columbian era Mexico.

    Who’s on the 50 Pesos Bill?

    The current version of the 50 pesos bill features an emblem representing the foundation of Tenochtitlan, where modern day Mexico City was founded. The depiction of an eagle perched on a cactus eating a snake can also be found prominently displayed as the emblem at the center the Mexican flag. 🇲🇽

    The previous version of the 50 pesos bill features José María Morelos, Mexican Roman Catholic priest and revolutionary in Mexico’s War of Independence movement.

    Who’s on the 20 Pesos Bill?

    The current version of the 20 pesos bill features la entrada del Ejército Trigarante a la Ciudad de México (the entrance of the Tigarante Military into Mexico City) which consummated Mexico’s Independence. The battalion leader at that time was lead by Agustín de Iturbide, who is depicted prominently in front of the crowd on this bill.

    The 20 pesos bill showcases former Mexican president Benito Juárez. He is currently featured on the new 500 pesos bill as well.

    All About Mexican Pesos - Getting Used to Mexican Money — Spanish and Go (8)

    How Can You Easily Tell Pesos Apart?

    All denominations of Mexican currency vary in color, texture, and size, in an effort to deter counterfeiting and to assist the blind. The four largest bills are not only the longest but are also made out of a different material than the 50 and 20 pesos bills. The larger bills are made from paper while the 50 and 20 are plastic.

    Historic Facts About Pesos

    The Mexican peso is the eighth most traded currency in the world, the third most traded currency all over America, after the U.S. and the Canadian dollar, and the most traded in Latin America. It was the first in the world to use this sign even before the U.S. dollar.

    You can learn more about the history of the pesos in our article about Three Interesting Facts About Mexico You Probably Didn’t Know.

    Final Thoughts

    Learning about the money you're using when you're visiting a new country is a great way to learn about the history and culture of this place. We hope this article helped you get acquainted with Mexican pesos.

    You might also be interested in:

    • What to Wear in Mexico

    • Why Are Sugar Skulls Used for Day of the Dead?

    • 7 Best Tips for Renting a Car Abroad (Budget Travel in Mexico and Beyond)

    FAQs

    How much is $500 pesos in dollars? ›

    24.81880 USD

    Is $100 a lot of money in Mexico? ›

    With today's exchange rates, $100 USD is about $1,900 – $2,000 MXN. Compared to wages, $1,900 MXN is about weeks' worth of salary for most manual labor jobs outside the major cities of Mexico.

    How much is $1 US in Mexico? ›

    Today Saturday, October 1, 2022 the average US Dollar exchange rate in Mexico is 1 Dollar = 20.1251 Pesos.

    How do you use Mexican pesos? ›

    If you're going to buy something that says it's 500 pesos, all you need to do is move the decimal point over one and that will leave you with 50. Cut that in half and that's how much it is going to be in U.S. dollars.

    How much is $20 pesos in US dollars? ›

    How much is $20.00 – the twenty 🇲🇽 mexican pesos is worth $0.993 (USD) today or 💵 Zero us dollars 99 cents as of 00:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair. The current exchange rate is 0.0496.

    How much is $100 dollars in Mexican pesos? ›

    2014.60000 MXN

    Is $5 a good tip in Mexico? ›

    It's up to you how much you tip, but the recommended amount in Mexico is between 10% – 20% (15% is a good standard in tourist areas) of the bill or ticket price.

    Is 5 dollars a lot in Mexico? ›

    Understanding the Currency

    For instance, 30 to 80 pesos equals approximately $3 to $5 USD, about the price of a decent meal at an average restaurant. No matter the daily exchange rate, most people can get by in many places in Mexico for about $30 a day, and in some areas, that's quite a lot.

    Is $1000 a lot in Mexico? ›

    One can live in Mexico on $1,000 a month or even less quite easily. In fact, locals live on much tighter budgets. As a foreigner, you will see that pretty much everything costs less than in your home country. Rent, food, transportation and healthcare in Mexico are much cheaper than in the US, Canada or Western Europe.

    How much does a loaf of bread cost in Mexico? ›

    Food prices from our Cost of Living Section
    MarketsEdit
    Loaf of Fresh White Bread (1 lb)32.67MXN
    Rice (white), (1 lb)12.32MXN
    Eggs (regular) (12)33.74MXN
    Local Cheese (1 lb)57.96MXN
    10 more rows

    Is 50 pesos a good tip? ›

    The Bellhop: 25 – 50 pesos is a standard tip for helping you to your room and with your luggage. The Concierge: Tipping 50 to 150 pesos for helpful recommendations is always appreciated. Housekeeping: A tip of 25 to 50 pesos a day for keeping your room tidy is appropriate.

    How much is a meal in Mexico? ›

    Cost of Living in Mexico
    RestaurantsEdit
    Meal, Inexpensive Restaurant150.00MXN
    Meal for 2 People, Mid-range Restaurant, Three-course600.00MXN
    McMeal at McDonalds (or Equivalent Combo Meal)120.00MXN
    Domestic Beer (1 pint draught)40.00MXN
    62 more rows

    How much is 200 pesos in Mexico? ›

    200 MXN to USD – Mexican Pesos to US Dollars

    How much is $200.00 – the two hundred 🇲🇽 mexican pesos is worth $9.84 (USD) today or 💵 nine us dollars 84 cents as of 07:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair.

    What's the best currency to take to Mexico? ›

    What currency should you bring to Mexico? The best currency to bring to Mexico is a mix of pesos and US dollars. Use the dollars to pay for the big things like tours, entrance fees, accommodation, and travel. For everything else use pesos.

    How can I get money from Mexico? ›

    The best way to get pesos in Mexico for your trip is to use your debit card at an ATM.
    ...
    The best & lowest fee ATMs to withdraw pesos in Mexico are from well-known national banks such as:
    1. BBVA Bancomer.
    2. Santander.
    3. Scotiabank (partnered with Bank of America)
    4. Intercam.
    5. Banorte.
    6. Inbursa.
    7. CIBanco.
    8. Banco del Bajío.

    How much is $2 pesos in US dollars? ›

    As of today at 01:00AM UTC two 🇲🇽 mexican pesos is equal to $0.0993 (USD) or 💵 Zero us dollars 10 cents.

    How much is $50 pesos in US dollars? ›

    How much is $50.00 – the fifty 🇲🇽 mexican pesos is worth $2.48 (USD) today or 💵 two us dollars 48 cents as of 01:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair. The current exchange rate is 0.0496.

    How many pesos is American $20? ›

    400.83000 MXN

    How much is a $500 Mexican peso worth? ›

    500 MXN to USD – Mexican Pesos to US Dollars

    How much is $500.00 – the five hundred 🇲🇽 mexican pesos is worth $24.72 (USD) today or 💵 twenty-four us dollars 72 cents as of 06:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair. The current exchange rate is 0.0494.

    Where can you exchange pesos for dollars? ›

    Though there may be a small fee, your bank or credit union will almost always be the best place to exchange currency (and the cheapest). You may be able to order currency at a branch location or by phone or online to have it delivered to you, or to pick up at a branch.

    How many pesos do I need for a week in Puerto Vallarta? ›

    How much Mexican Peso should I have for one week in Puerto Vallarta? If you want to spend a week in Puerto Vallarta the cost of your stay will be: 240 USD (4,800 MXN) - a cheap stay for 7 days in Puerto Vallarta. 360 USD (7,300 MXN) - a budget travel for 7 days in Puerto Vallarta.

    How much cash should I take to Mexico? ›

    So, how much spending money should I bring to Mexico? On a mid-range budget, you should expect to spend $110 USD ($2200 MXN) per person daily. This accounts for 3 meals a day, transportation fare, and one activity per day(tours, attractions,etc.).

    Is it better to tip in pesos or dollars in Mexico? ›

    In Mexico, tipping in either U.S. dollars (bills only, no coins) or pesos is acceptable, though pesos are usually more practical for the recipient (and will save them a trip to the casa de cambio). The amount you tip is at your discretion and should be based on the quality of service you received.

    How much do hotel workers make in Cancun? ›

    The majority of all-inclusive staff members — including those who work in the maintenance, food and beverage and laundry departments — make about the equivalent of around $300 USD a month — and these workers actually had families to support.

    How much does a house cost in Mexico? ›

    On average, a property in the country's capital city would cost almost three million Mexican pesos, approximately double the national average.
    ...
    Average housing price in Mexico in 1st quarter 2022, by state (in 1,000 Mexican pesos)
    CharacteristicPrice in thousand Mexican pesos
    Baja California Sur1,497.55
    12 more rows
    29 Aug 2022

    Can I retire in Mexico on 4000 a month? ›

    Average Cost to Retire in Mexico

    A retired couple can expect to retire comfortably in Mexico with an average income of about $2,500 a month, or $30,000 a year, according to InternationalLiving.com. These figures include the cost of a house, a maid service, utilities, groceries, entertainment, health insurance and more.

    How much is rent in Mexico in pesos? ›

    How expensive is housing and accommodation in Mexico?
    Renting in Mexico CityAverage monthly cost
    large apartmentMex$21,000
    medium apartmentMex$12,800
    small apartmentMex$10,000
    student dorm roomMex$8,500
    1 more row
    19 Dec 2017

    Can you live in Mexico for 1500 a month? ›

    Yes, you can absolutely live in Mexico for $1500/month. Many people already do it. The trick is having and sticking to a budget. You'll have to set a realistic budget for a rental, health insurance, groceries, eating out, transportation, and entertainment.

    Is Mexico cheap to live? ›

    I've also lived in Oaxaca too, and it's even more affordable (I spent well under $600 per month). Housing is your biggest expense, and even Western-style places are affordable.
    ...
    Average Cost of Living Across Mexico: $600 – $2,000.
    Monthly ExpensesCost (USD$)
    Transportation$20
    Entertainment$50
    Total$745
    3 more rows

    How much is rent in Mexico in US dollars? ›

    Full Breakdown of The Cost of Living in Mexico
    ExpenseU.S. $
    Rent (furnished, two-bedroom home)$750
    Electricity$30
    Water$15
    Gas$30
    10 more rows

    How much is gas in Mexico per gallon? ›

    For comparison, the average price of gasoline in the world for this period is 39.09 Mexican Peso.
    ...
    Mexico Gasoline prices, 26-Sep-2022.
    Mexico Gasoline pricesLitreGallon
    MXN23.86090.320
    USD1.1714.433
    EUR1.2214.622

    How much is a Big Mac in Mexico? ›

    If the price of a Big Mac in the U.S. is $3, the price of a Big Mac in Mexico would be around 55 pesos – assuming the countries have purchasing power parity.

    What is the best city to live in Mexico? ›

    Puerto Vallarta has been an expat haven for decades.
    • Puerto Vallarta: An expat haven by the sea. ...
    • San Miguel de Allende: Rich in culture. ...
    • Mérida: Colonial city living. ...
    • Lake Chapala: Mexico's largest expat hotspot. ...
    • Tulúm: A charming resort town with a Bohemian vibe. ...
    • Huatulco: A hidden gem in southern Mexico.
    5 Jan 2022

    What is a good tip in Mexico 2022? ›

    Tipping in Mexico: How Much to Tip

    You should generally tip anywhere between 10-20% of the final bill price and although tips are not always expected, they are appreciated. It is important to tip a respectful amount. A 15 or 20% tip is a good standard practice, as people in Mexico work hard and earn very low wages.

    How much do you tip a maid in Mexico? ›

    When you stay at a hotel in Mexico it's customary in Mexico to leave a tip for your hotel room chambermaid, a sum between US$1 and US$5 (equivalent in Mexican pesos), for each night's stay spent at the hotel. If you're staying more than one night, it's a good idea to leave the tip daily as chamber maids work on a rota.

    What is a good tip in Mexico all-inclusive? ›

    To show your appreciation for the meal, tip your server around 15%. Raise that up to 20% if you were wowed. Note that some establishments automatically charge a service fee, so keep an eye out so that you don't tip twice. Bartenders should get 20 pesos (US$1) per drink or 10–15% of the total bill.

    How many pesos is a meal? ›

    Prices in restaurants in Mexico.
    Meal in a cheap restaurant150 MXN (70-255)7.40 USD (3.50-13)
    Water (0.33 liter bottle)13 MXN (10.00-25)0.64 USD (0.50-1.20)
    Cappuccino (regular)47 MXN (25-80)2.30 USD (1.20-4.00)
    Espresso Coffee33 MXN (18-56)1.60 USD (0.87-2.80)
    Cheeseburger (fastfood)36 MXN (30-45)1.80 USD (1.50-2.20)
    5 more rows

    How much money do you need for a week in Mexico? ›

    But in general, if you are a middle-class traveler a one-week trip in Mexico will cost +/- $760 for couples per person. We spent $60 on accommodations, food, transport, and activities, but if you go for one week you want to see and do things in a shorter period with results that the average cost is higher.

    How much does it cost to live in Mexico per month? ›

    Housing Costs in Mexico

    Whether you choose a city or a coastal community, living here is cheaper than in many other places. In an average area, the monthly rent for a furnished one-bedroom apartment will cost you about $451 USD. In a nicer area, expect to pay around $772 per month.

    How much is $200 Mexican pesos in dollar? ›

    200 Mexican Pesos is 9.92745512 US Dollars as of 03:29 PM 10-01-2022. At Myfin online currency converter you can find 200 MXN to USD chart, exchange rate stats and other historical info.

    How much is $9000 pesos in dollars? ›

    How much is $9,000.00 – the nine thousand 🇲🇽 mexican pesos is worth $446.74 (USD) today or 💵 four hundred forty-six us dollars 74 cents as of 13:00PM UTC.

    Is 200 Mexican pesos A lot? ›

    200 pesos comes to about $10. With this amount in California, you'll just be scraping by, perhaps just able to afford one Grilled Cheese sandwich, if you're lucky, with a bottle of Coke. A mention of these price points on Twitter actually made a post go viral. In Mexico however, this is an amount that can afford you 2 ...

    Are US dollars accepted in Mexico? ›

    Are US Dollars accepted in Mexico? The answer is yes but not everywhere. In most tourist areas like Playa Del Carmen and Cancun many stores are used to tourist coming in and they make it easy for you to pay.

    How much money can you take to Mexico without declaring? ›

    If you are bringing over $10,000 per person in cash, other currencies, checks or money orders, you must declare the amount exceeding $10,000. You will not have to pay duties, but you must stop at the border to declare the amount on a customs declaration form.

    Is Mexico a rich country? ›

    Mexico has the 11th to 13th richest economy in the world and ranks 4th with most number of poor among richest economies.

    How much money can I take out of an ATM in Mexico? ›

    With their borderless account / card you can hold your money in more than 40 currencies and use the debit card to get your cash out with low conversion fees and zero transaction fees. Click here for more info. Withdrawal limits depend on the bank, and generally range from 4000 to 6000 Peso.

    How much does it cost to withdraw money in Mexico? ›

    Many banks in Mexico may not charge a fee for ATM usage. For those that do, it commonly ranges from $1 to 1% of the amount withdrawn; this is less than the "markup" on the exchange rate for exchanging dollars for pesos at a bank or currency exchange.

    How do I get the best exchange rate in Mexico? ›

    Here are some tips to help you prepare and to guarantee you're getting the best exchange rate while abroad.
    1. Know the Mexican Peso. ...
    2. Buy Pesos Before Traveling. ...
    3. Use ATMs. ...
    4. Currency exchange at the airport in Mexico. ...
    5. Swipe That Credit Card. ...
    6. Other Exchange Options.

    How much is a $500 Mexican peso worth? ›

    500 MXN to USD – Mexican Pesos to US Dollars

    How much is $500.00 – the five hundred 🇲🇽 mexican pesos is worth $24.72 (USD) today or 💵 twenty-four us dollars 72 cents as of 06:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair. The current exchange rate is 0.0494.

    How much is $800 pesos in dollars? ›

    800 MXN to USD – Mexican Pesos to US Dollars

    How much is $800.00 – the eight hundred 🇲🇽 mexican pesos is worth $39.71 (USD) today or 💵 thirty-nine us dollars 71 cents as of 00:00AM UTC.

    What is $17 500 pesos in US dollars? ›

    17,500 MXN to USD – Mexican Pesos to US Dollars

    How much is $17,500.00 – the seventeen thousand five hundred 🇲🇽 mexican pesos is worth $868.65 (USD) today or 💵 eight hundred sixty-eight us dollars 65 cents as of 01:00AM UTC.

    How much is 200 pesos in Mexico? ›

    200 MXN to USD – Mexican Pesos to US Dollars

    How much is $200.00 – the two hundred 🇲🇽 mexican pesos is worth $9.84 (USD) today or 💵 nine us dollars 84 cents as of 07:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair.

    Where can I trade my pesos for dollars? ›

    Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, offer the added benefit of having ATMs overseas. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

    How much is a gallon of milk in Mexico? ›

    Cost of Living in Mexico
    RestaurantsEdit
    Coke/Pepsi (12 oz small bottle)18.50MXN
    Water (12 oz small bottle)13.48MXN
    MarketsEdit
    Milk (regular), (1 gallon)86.09MXN
    62 more rows

    Is there a 500 dollar coin? ›

    The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation.

    How much is $1000 dollars in pesos? ›

    20146.00000 MXN

    How much is $2 pesos in US dollars? ›

    As of today at 01:00AM UTC two 🇲🇽 mexican pesos is equal to $0.0993 (USD) or 💵 Zero us dollars 10 cents.

    How much is 1million pesos in dollars? ›

    1 Million MXN to USD – Mexican Pesos to US Dollars

    How much is $1,000,000.00 – the one million 🇲🇽 mexican pesos is worth $49,637.28 (USD) today or 💵 forty-nine thousand six hundred thirty-seven us dollars 28 cents as of 05:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair.

    How much is $50 pesos in US dollars? ›

    How much is $50.00 – the fifty 🇲🇽 mexican pesos is worth $2.48 (USD) today or 💵 two us dollars 48 cents as of 01:00AM UTC. We utilize mid-market currency rates to convert MXN against USD currency pair. The current exchange rate is 0.0496.

    Is 100 pesos a good tip in Mexico? ›

    It's up to you how much you tip, but the recommended amount in Mexico is between 10% – 20% (15% is a good standard in tourist areas) of the bill or ticket price.

    Is a dollar a lot in Mexico? ›

    The national currency in Mexico is the Mexican Peso (MXN). However the US Dollar is widely accepted across Mexico especially in the more touristic places like Playa del Carmen. In fact most tour companies, restaurants, and even some shops will have their prices in both pesos and dollars.

    Is 50 pesos a good tip? ›

    The Bellhop: 25 – 50 pesos is a standard tip for helping you to your room and with your luggage. The Concierge: Tipping 50 to 150 pesos for helpful recommendations is always appreciated. Housekeeping: A tip of 25 to 50 pesos a day for keeping your room tidy is appropriate.

    Videos

    1. ☑️ Which currency to take to CANCÚN?? Dollar or Mexican Peso? What is the best? All tips!
    (Gabriel Lorenzi - Travel Tips)
    2. What does Mexican money look like????
    (Traveling in Mexico)
    3. Mexican Pesos Coins Collection | Mexico - North America
    (Science Sir)
    4. CoinWeek: Cool Coins! US Mexican Numismatic Association Convention 2013
    (coinweek)
    5. Inside Mexico's money factory
    (CNN)
    6. What I've learned from taking 100+ buses in Mexico
    (Backpacking Brunette)

    You might also like

    Latest Posts

    Article information

    Author: Laurine Ryan

    Last Updated: 10/04/2022

    Views: 6344

    Rating: 4.7 / 5 (77 voted)

    Reviews: 84% of readers found this page helpful

    Author information

    Name: Laurine Ryan

    Birthday: 1994-12-23

    Address: Suite 751 871 Lissette Throughway, West Kittie, NH 41603

    Phone: +2366831109631

    Job: Sales Producer

    Hobby: Creative writing, Motor sports, Do it yourself, Skateboarding, Coffee roasting, Calligraphy, Stand-up comedy

    Introduction: My name is Laurine Ryan, I am a adorable, fair, graceful, spotless, gorgeous, homely, cooperative person who loves writing and wants to share my knowledge and understanding with you.