Mexico uses a form of currency known as the peso. One hundred centavos make up one peso. The coins in Mexico are 20 and 50 centavos as well as one, two, 5, 10, 20, and 100 pesos. Pesos also come in note denominations of 20, 50, 100, 200, 500, and 1,000 pesos. These are the basics, but you may not want to rely exclusively on or even primarily on local currency.
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What To Bring
When you travel in Mexico, you can get by if you bring a major international credit card or two. Even if you require local currency for certain expenses, you can easily use your credit or debit card to obtain whatever cash you need from ATMs in Mexico. However, occasionally if you use a credit card for purchases in Mexico, you will have to pay an extra fee for using your card in addition to the ever-present foreign exchange transaction fee that usually amounts to about 2.5%.
The US dollar is the most traded currency visitors change in Mexico. Currencies such as English pounds, Japanese yen, Canadian Dollars, and German Deutschmarks come in next. Belize dollars are not worth much in Mexico, so it’s best to trade them before arriving in Mexico.
Each bank used a different system and rate of commission. However, all Currency exchange outlets have the same daily exchange rate set by the Mexican government. Some of the banks you may consider using the service are Banamex Bank, Scotiabank Inverlat, Bancomer Bank, Citibank, Banco del Atlantico, or Bita Bank.
Car Insurance in Mexico – Tourists Are A Common Sight
The businesses of Mexico are used to tourists, so the money will not be a problem. Just be prepared to offer whatever form of currency is required. Your best bet will often be using the currency of the country.
Mexican Insurance Store car insurance in Mexico comes with roadside assistance throughout Mexico at no additional charge.
Learn more about car insurance in Mexico and Mexico insurance policies today online