What Currency Does Mexico Use?
Facts last checked 9 October 2026.
Exchange rate (approximate):
1 USD ≈ 17.50 MXN
1 GBP ≈ 23.46 MXN
Rates are indicative (July 2026) and change daily. Always check live rates before travelling. Rates by Exchange Rate API.
MXN converter
100 MXN ≈ 5.7155 USD
Mexican peso conversion table
| Amount | USD → MXN | GBP → MXN | EUR → MXN |
|---|---|---|---|
| 1 | 17.50 | 23.46 | 19.98 |
| 5 | 87.48 | 117.28 | 99.92 |
| 10 | 174.96 | 234.55 | 199.84 |
| 20 | 349.93 | 469.11 | 399.69 |
| 50 | 874.82 | 1,173 | 999.22 |
| 100 | 1,750 | 2,346 | 1,998 |
| 500 | 8,748 | 11,728 | 9,992 |
| 1,000 | 17,496 | 23,455 | 19,984 |
| MXN | → USD | → GBP | → EUR |
|---|---|---|---|
| 1 | 0.0572 | 0.0426 | 0.05 |
| 5 | 0.2858 | 0.2132 | 0.2502 |
| 10 | 0.5715 | 0.4263 | 0.5004 |
| 20 | 1.1431 | 0.8527 | 1.0008 |
| 50 | 2.8577 | 2.1317 | 2.502 |
| 100 | 5.7155 | 4.2634 | 5.0039 |
| 500 | 28.58 | 21.32 | 25.02 |
| 1,000 | 57.15 | 42.63 | 50.04 |
Indicative rates (July 2026). Banks and card providers add their own margin and fees, so the amount you actually receive will differ slightly.
Against the US dollar, 1 MXN is worth about 0.0572 USD. Of the 141 currencies covered on this site, the Mexican peso ranks 57th by value per unit (1st = the most US dollars per unit). A high or low number says nothing about economic strength — it simply reflects how the currency is denominated.
Travel Money Card
Travelling to Mexico? Avoid poor airport exchange rates — a prepaid travel money card or multi-currency card usually gets you a far better deal on Mexican peso spending.
What is money called in Mexico?
Money in Mexico is called the Mexican peso — its ISO 4217 currency code is MXN, and its symbol is $. The Mexican peso is the official legal tender in Mexico and is used for all everyday transactions — from paying for goods and services to converting money at banks and exchange bureaus. When travelling, you may also see it referred to as the Mexico currency or simply money in Mexico. The Mexican peso is subdivided into 100 centavos, though small-denomination coins may not always be in everyday circulation.
Is the Mexican peso used anywhere else?
No — Mexico is the only country on this site using the Mexican peso as its official currency.
Not to be confused with other peso currencies
Several currencies carry the name “peso”, but each one is separate, with its own code, value and issuing country. The Mexican peso (MXN) is the currency of Mexico.
| Currency | Code | Used in | 1 USD = |
|---|---|---|---|
| Argentine peso | ARS | Argentina | 1,491 |
| Chilean peso | CLP | Chile | 929.15 |
| Colombian peso | COP | Colombia | 3,342 |
| Cuban peso | CUP | Cuba | 24.00 |
| Dominican peso | DOP | Dominican Republic | 58.83 |
| Philippine peso | PHP | Philippines | 61.58 |
| Uruguayan peso | UYU | Uruguay | 40.23 |
Practical money tips for Mexico
Card payments are widely accepted in most cities, but it's still worth carrying some Mexican peso in cash for smaller vendors, local transport and rural areas. Notify your bank before travelling to avoid transactions being blocked, and compare card fees — many cards charge a foreign transaction fee that a dedicated travel money card avoids.
Planning to visit Mexico?
This site is a member of the CJ Affiliate and AWIN affiliate networks. We earn commission from qualifying purchases at no extra cost to you.
Rent a Car in Mexico — Book Now, Pay at Pickup
Compare car hire prices and reserve with no upfront payment via Carla.
Find Cheap Flights to Mexico with Ovago
Search hundreds of airlines for the best airfare.
Money essentials for Mexico
As an Amazon Associate we earn from qualifying purchases. We are also a member of the CJ Affiliate and AWIN affiliate networks. Links below are affiliate links.
Mexico in context
- Mexico covers 1,964,375 km², making it the 13th largest of the 196 countries on this site.
- It shares a land border with 3 countries: Belize, Guatemala, United States.
- With 130,575,786 people, Mexico holds about 25.5% of the population of North America.
- Traffic drives on the right, and calendars start the week on Monday.
- Mexico is a member state of the United Nations.
Compare Mexico
Mexico currency — FAQ
What is the currency of Mexico?
The currency of Mexico is the Mexican peso (currency code: MXN, symbol: $).
What is the currency code for Mexico?
The ISO 4217 currency code for the Mexican peso is MXN.
What is the Mexican peso symbol?
The symbol for the Mexican peso is $. You will see this on price tags and receipts throughout Mexico.
What currency is used in Mexico?
The official currency used in Mexico is the Mexican peso (MXN).
Can I use US dollars in Mexico?
The official currency of Mexico is the Mexican peso, not the US dollar. While USD may be accepted in some tourist hotels and major cities, you will generally get better rates paying in Mexican peso and should exchange money before or on arrival.
What is the exchange rate for Mexico?
As of July 2026, approximately 1 USD = 17.50 MXN and 1 GBP = 23.46 MXN. Rates change daily — always check a live source before travelling or sending money.
What is money called in Mexico?
Money in Mexico is called the Mexican peso (MXN).
Do other countries use the Mexican peso?
No — Mexico is the only country on this site using the Mexican peso as its official currency.
What is the Mexican currency?
The Mexican currency is the Mexican peso (MXN), the official money of Mexico.
What is the currency of the United Mexican States?
The United Mexican States is the formal name of Mexico. Its currency is the Mexican peso (MXN).
How much is 100 MXN in US dollars?
At the July 2026 indicative rate, 100 MXN is about 5.7155 USD or 4.2634 GBP. Use the converter above for other amounts.
How much is 100 US dollars in Mexican peso?
At the July 2026 indicative rate, 100 USD is about 1,750 MXN.
Is the Mexican peso the same as other peso currencies?
No. Several currencies share the word, but each is a separate currency with its own code and value. The Mexican peso is MXN; others include Argentine peso (ARS), Chilean peso (CLP), Colombian peso (COP), Cuban peso (CUP).
This page contains affiliate links. We may earn a small commission if you purchase through our links, at no extra cost to you. Learn more.
Last updated: