Vacation Tips » Money - Mexican Pesos
Convert your money into Mexican pesos using the converter below. The exchange rate is updated by Google Finance Currency Converter.
The official currency of Mexico used in Cancun is the MEXICAN PESO. It is also referred as "M.N." that stands for "Moneda Nacional" (National Currency).
I have seen the exchange rate go from 9.5 to 14.5 pesos to 1 US Dollar, however for easy and quick figuring, just think 10 to 1. $10 US Dollars is about $100 pesos, the orangeish bill below. Or some people like to convert the other way...say something costs 200 pesos...think, that is only $20 dollars!
Bills: $20, $50, $100, $200, $500 and $1000. $20 and $50 pesos bills are made of polymer (plastic fiber). $100, $200, $500 and $1000 pesos are printed on high security cotton paper.
Commemorative $100 and $200 pesos bills. Limited edition. In circulation since September 2009. $100 pesos made of polymer (plastic fiber) and $200 printed on security paper.
Coin values: 10¢, 20¢, 50¢, $1, $2, $5 and $10
Prices in Mexican Pesos are posted with only the peso sign ($) in front, some businesses use MX$5.00, MN$5.00 or $5.00MN to make more clear for foreigners; for prices in U.S. Dollars usually as US$5.00, $5.00US or $5.00USD. Coin values: 10¢, 20¢, 50¢, $1, $2, $5 and $10 There are hardly any 10¢ and 20¢ coins in circulation in our destination. For payment purposes, if the amount is less than 25¢ the lowest unit will be charged; if it is between 25¢ and 75¢ the charge will be 50¢; if it is above 75¢ it will go to the next high unit (e.g.: $9.20 will be charged as $9.00; $9.35 as $9.50; $9.60 as $9.50; $9.80 as $10.00). Some businesses may not abide by this rule and they will charge you to the half unit or next high unit (e.g.: $9.20 will be charged as $9.50; $9.60 as $10.00). $20 pesos coin is not longer in circulation and can't be used (not legal tender).