What is the currency in Mexico?
The currency in Mexico is the Mexican peso. Each peso is divided into 100 cents.
When you’re buying currency for Mexico, look out for the currency code MXN. And once you’re in Mexico, you’ll see the symbol $ used to show prices.
You’ll find Mexican banknotes in denominations of 20, 50, 100, 200, 500 and 1000.
Mexican coins come in 1, 2, 5, 10, 20, 50 and 100 pesos and 5, 10, 20 and 50 cents.
Use the Wise Mexican peso card to spend in Mexican currency.
The Wise Mexican peso travel money card lets you top up in your local currency, and switch to peso to spend when you’re in Mexico. You’ll get the best rate for spending in Mexican peso - and can also hold and spend 50+ other currencies with the same card.
Get your Wise debit card online for free, to send and spend money around the world at the real exchange rate.
Simply top up your card and convert to the currency you need in real time using the Wise app.
You’ll always get the real exchange rate with no hidden costs, and you’ll avoid foreign transaction fees while withdrawing from ATMs abroad, paying in restaurants and shops, and buying your accommodation and flights.
Tips for exchanging currency in Mexico.
- The mid-market rate is the true exchange rate - with no sneaky hidden fees. Use an online currency converter before your trip to get a feel for what your money is worth and make sure you get a fair rate when you buy your travel money. Convert GBP to MXN >
Familiarise yourself with the mid-market rate before your trip.
- Being offered to pay in your own currency at an ATM is a sneaky trick and causes many travellers to pay more than they need to. Always choose to pay in the local currency - in this case, peso - to cut your costs and get the best rates available.
Choose to be charged in Mexico currency when withdrawing from ATMs.
- Withdraw money, pay for meals in restaurants or spend in shops in Mexican peso, all at the real exchange rate with the Wise debit card. Get your travel money card >
Use the Wise debit card to spend in Mexico without rip-off fees.
Spending money in Mexico.
Paying by credit or debit card in Mexico
Card coverage in Mexico is somewhat patchy. You'll probably be able to pay on card in any large shop or hotel in tourist areas and cities. However, smaller places and family run hotels may prefer cash.
ATMs in Mexico
ATMs are commonly used - and easily found - throughout Mexico.
To get the best deal when spending on card or withdrawing money in Mexico, don’t forget to use the Wise debit card to avoid sneaky exchange rate markups and excessive fees.
Mexican currency services.
Convert GBP to Mexican peso
Use our currency converter to see how much your money is worth in Mexican peso and familiarise yourself with the mid-market rate before your trip.
Send money to Mexico
Need to send GBP to Mexico? Use Wise for fast, low-cost, and secure online money transfers from the United Kingdom to Mexico.
See the best Mexican peso exchange rates
Compare live Mexican peso exchange rates and see how much you could save with Wise.
Other helpful currency guides.
Mexican currency FAQs.
The currency in Mexico City is the Mexican peso. Each peso is divided into 100 cents. When you’re in Mexico you’ll see the symbol $ written down in shops and on menus, and the currency code MXN used in exchange offices.
You can spend your USD in some tourist areas in Mexico, but it's best not to rely on US dollar cash. Some merchants will not accept USD, so carrying local pesos is a must.
Your best bet when travelling to Mexico is paying in the official Mexican currency: the peso. To switch easily between currencies, use the Wise debit card.
Get your Wise debit card and save on your trip to Mexico.
Spend smart, save money. Avoid sneaky bank fees when travelling, with Wise.