The Mexican peso is the currency of Mexico. Our records show the Mexican peso is the sixth most traded currency with us. The banknotes have both a paper banknote and polymer (plastic) banknote series in circulation. The Banco de Mexico is responsible for issuing the Mexican banknotes.
The Banco de Mexico’s goal is to preserve the value of the Mexican peso in an effort to improve the economic well-being of Mexicans. Mexico replaced the original peso with the nuevo peso, which was introduced in 1993. Many banknotes current and old series notes can look similar, so never accept notes with “El Banco de Mexico” written on it, only accept “Banco de Mexico” notes. The word pesos means “weights” in English and refers to gold or silver weights.
Did You Know?
These items cost the USD equivalent in the city of Cancún, Mexico*:
10 Mile Cab Ride: $26.71 USD
Budget Dinner for 2: $10.47 USD
Pint of Beer: $1.38 USD
*Figures are based on 2018 data. Information is subject to change as exchange rates and cost of goods fluctuate.
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*Sorry, no personal checks accepted. Valid government identification is required for all credit and debit card transactions. Additional cost for credit card transactions apply. Credit card transaction limit: $500. Debit card transaction limit: $5,000. Payments can be split between multiple payment types. Call your local CXI branch for more details.
CXI is a full service foreign currency exchange and international payments company headquartered in Orlando, Florida and publicly traded on the Toronto Stock Exchange (TSX:CXI). CXI uses its expertise to make foreign money easier for individuals, businesses, and financial institutions.