USD To MXN: Convert United States Dollar to Mexican Peso - Forbes Advisor (2024)

FAQs

What is the best way to convert dollars to pesos in Mexico? ›

The best place to exchange currency in Mexico is at a large bank or select ATMs. Both options will use the 'real' exchange rate, also known as the mid-market exchange rate. It's the midpoint between the buy and sell rate in global currency markets.

1 USD = 16.98 MXN - Today's Best US Dollar to Mexican Peso Exchange Rates.

It is recommended that all travelers bring Mexican pesos as well as their credit and/or debit cards to minimize any inconvenience the exchange cap at banks may cause. Basically, the rule is specifically aimed at reducing large exchanges of physical US dollars for physical Mexican pesos.

1 USD = 17.033836 MXN May 31, 2024 06:59 UTC

The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately. Sending money abroad is as easy as ever.

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

In most tourist areas in Mexico, it is acceptable to tip in either pesos or dollars, though pesos are more practical for the person being tipped. If you do tip in dollars, be sure to only tip using notes and not coins as coins cannot be exchanged.

1. Banks trade at the real rate. When exchanging Mexican peso between themselves, banks and transfer services use the mid-market rate (also known as the interbank rate). It's the fairest possible rate.

A Week's Average Pay in Mexico: At the current exchange rates, $100 can equal upwards of 2,395 pesos in Mexico, which could amount to about a week's worth of wages for a Mexican national [2].

US Dollar to Mexican Peso Exchange Rate is at a current level of 17.02, up from 16.82 the previous market day and down from 17.72 one year ago. This is a change of 1.20% from the previous market day and -3.93% from one year ago.

The recommendation is to use pesos in Mexico. Though some businesses may accept U.S. dollars, converting your currency to pesos is better. It ensures better exchange rates and wider acceptance. Many travelers get pesos from their home bank before their trip.

Should I convert money when going to Mexico? ›

Having some pesos on hand will save you money and make your transactions easier. Should you exchange money before going to Mexico? If you have time, try to get a few thousand pesos from your bank at home before your trip. Otherwise, just withdraw cash from an ATM in Mexico when you arrive.

If you are extremely budget conscious, you might be able to get by on 2,500 to 3,000 pesos (not including lodging expenses). On the other hand, one could easily spend 15,000 or more. It depends on where you eat, what you drink and the activities you enjoy.

Public Transportation: With 20 pesos, you can take a bus or metro ride to explore the city [1]. Souvenirs: You may find small souvenirs like keychains, magnets, or postcards available for around 20 pesos [2].

Mexico: Mexico uses the US dollar alongside the Mexican peso (MXN). The US dollar is commonly accepted in tourist areas, border towns, and large cities.

It depends upon your location in the United States. If you live anywhere other than along the Mexican border it is best to exchange US$ to Mexican Pesos at the airport in México or a Casa de Cambio in the city, you will be visiting. US$500 will purchase about $8,500 MN.

The short answer is use pesos! Most businesses will take U.S. dollars, but it's better to convert your currency to pesos. You'll get better deals and it is the currency of Mexico. Many people get pesos from their bank at home before travel.