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Mexico Money |
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Mexico's currency is the Mexican Peso. There are one hundred Mexican cents (centavos) to every Peso. The symbol used for the peso is "$", which is sometimes annotated Mex$ to distinguish from U.S. dollars, while the 100 centavos into which it is divided are represented by "¢". If you happen have coins that are from 1970 to 1992, they are out of circulation, and have no value. In 1993, Mexico issued "Nuevo" pesos (new pesos) in order to stem inflation, and the last two zeros were removed from the value - in other words, an "old" peso coin with a face value of $1000 was worth what a $10 nuevo peso coin is worth today. Currency from this time period is very common, and is no longer accepted for exchange.
As of 16 September 2006, the Exchange Rate was:
1 USD = MX$ 10.9350
1 EUR = MX$ 13.8306
1 GBP = MX$ 20.5315
1 CNY = MX$ 1.37642
100 JPY = MX$ 9.31828
1 CAD = MX$ 9.76383 |
 Current Mexican Exchange Rates |
Coins always seem like a hassle, however when traveling in Mexico they come in handy. Many times you will find that small merchants, taxis, buses do not have change for large notes. These are images of Mexican coins currently in circulation. Coins are minted in denominations of 5, 10, 20 and 50 centavo pieces. Coins are also available in denominations of 1, 5, 10 and 20 pesos. View Pictures of Coins Currently in Circulation
Banknotes are printed in denominations of 20, 50, 100, 200, 500 and 1000 pesos. The most commonly used are the 100 and 200 Peso notes. 500 and 1000 Peso banknotes are hard to spend because most merchant will not have change for higher bills. It is recommended that you ask for smaller bills when exchanging your money. The 20 and 50 Peso notes are slightly smaller than the 100, 200, 500 and 1000 Peso notes, which are all the same size. ATM Machines dispense either 100 or 200 Peso denominations. View Pictures of Banknotes Currently in Circulation
| MEXICAN COINS CURRENTLY IN CIRCULATION |
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| Above, 10 centavos: (.10 pesos) |
Above, 50 centavos: (.50 pesos) |
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| Above, 1 peso coin |
Above, 2 peso coin |
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| Above, 5 peso coin |
Above, 10 peso coin |
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| Above, 20 peso coin - Rarely used |
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