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

FAQs

Is it better to convert dollars to pesos in Mexico? ›

Although the peso is the main currency, American dollars are accepted in touristy areas. Some high-traffic tourist regions might also accept Euros, Canadian dollars and British pounds. However, it's almost always more cost-efficient to pay with pesos.

Best U.S. Dollar / Mexican Peso Exchange Rate Today: 17.9017.

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.

Basic Info. US Dollar to Mexican Peso Exchange Rate is at a current level of 17.98, down from 18.04 the previous market day and up from 16.88 one year ago. This is a change of -0.36% from the previous market day and 6.49% from one year ago.

Dollars or pesos? 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.

Those with a little more money to spare may find that an average daily budget of $2,400 Mexican Pesos (MXN) is the perfect amount. This will get you a comfortable mid-range hotel room, allow you to travel by taxi, and give you the opportunity to enjoy three-course meals in most restaurants.

The best time for MXN trading is typically in the morning, when financial markets are open and there is a steady flow of economic news. Bid-ask spreads tend to widen during quiet periods and narrow when trading is more active.

What is the best Mexican peso exchange rate? The best Mexican peso exchange rate right now is 22.0634 from Travel FX. This is based on a comparison of 16 currency suppliers and assumes you were buying £750 worth of Mexican pesos for home delivery.

1 USD = 18.1681 MXN Jul 23, 2024 20:52 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

Best place to exchange currency: Your bank or credit union

Many banks offer currency exchange to their customers. Though there may be a small fee if you exchange less than a certain amount, your bank or credit union will almost always be the cheapest place to exchange currency.

Should I exchange money before I travel to Mexico? ›

Conversely, if you're going to a B&B or a VRBO, staying in a city such as Guadalajara or Puerto Vallarta, or if you plan on staying for an extended time, then I would recommend exchanging $100 US for about $2000 Mexican pesos. This should be plenty to get you from an airport to your lodging and a snack along the way.

Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

Is it best to change your dollars over to pesos when you travel to Mexico before you enter Mexico? Yes for the casa de cambios(money exchanges) and Mexican banks make money and offer greatly discounted rates over actual exchange rate.

1 USD = 17.10 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.

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. So for locals that have basic day labor jobs, it is a decent amount of money.

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.