What is the currency in Mexico? Most likely, this question is asked by a tourist who is planning his trip to this wonderful country for the first time. The peso is the currency of Mexico, denoted by the symbol MXP and the digital code 4217.
In 1993 of the last century, a denomination took place in Mexico, so 1000 "old" pesos are equated to 1 "new" peso. The updated peso (MXP) is now 100 centavos (cents).
As in many countries, money in Mexico is circulated in the form of coins and bills. There are banknotes in constant circulation, both in pesos and centavos. There are coins of 5, 10, 20 and 50 centavos, as well as 1, 2, 5, 10 and 20 pesos. In the form of banknotes, pesos are circulated in denominations of 20, 50, 100, 200, 500 and 1000 pesos.
What currency to take to Mexico
In addition to the peso, the US currency is popular in Mexico, which is accepted for exchange at all exchange offices. Therefore, it is most profitable to take this particular currency with you. While you can of course bring euros or rubles with you, they can also be exchanged for pesos.
The Mexican peso is approximately equal to 2.5 Russian rubles. But we advise, before traveling to this country, to exchange rubles for the American currency. Since US dollars are more popular in the country, although they change at a less favorable rate.
Currency exchange in Mexico
Arriving in one of the cities in Mexico, you will immediately need the local currency. At least to pay for a taxi. Therefore, the first place where you can exchange foreign currency is the airport. Also, currency exchange in Mexico can be done directly in the city - at a bank, a specialized exchange office, some hotels, etc.
It is beneficial to take a plastic card with you on a trip, then you will not have to think about the Mexican currency and transferring it into rubles. In many cities in Mexico, you can pay for a large number of services using a card - shopping in stores, lunch at a restaurant, etc. In addition, the country has an excellent network of ATMs.
Importing currency into Mexico
In Mexico, there are no restrictions on the import and export of currency. There is only one small condition, the imported currency must be declared.
Fraud protection
Recently, Mexico has been paying a lot of attention to counterfeit banknotes. Since 2006, polymers have been used as material for the production of banknotes. In the same way, the Australian dollar and Thai baht are protected against counterfeits.
