Everything you need to know
Mexico Currency
Travelling to or living in Mexico? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Mexico
Open a UK bank account with us and get a GoCard for smarter spending in Mexico. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Mexico?
The official currency of Mexico is the Mexican peso
The peso replaced the Mexican real in 1821 after independence and has undergone several redenominations. It is issued by Banco de México.
MXN, $
Banknotes
$20
$50
$100
$200
$500
$1,000
Coins
5
10
20
50 cents
$1
$2
$5
$10
$20
Popular Peso pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Mexico
Cash is widely used in markets, taxis, and smaller towns. Credit and debit cards are commonly accepted in cities like Mexico City, Guadalajara, and Cancún, particularly in hotels, restaurants, and supermarkets. Mobile payments are increasing, especially for urban services. ATMs are plentiful in cities but can be scarce in rural areas.
Tips for exchanging money in Mexico
Exchange at banks or licensed money changers for fair rates.
Avoid airport kiosks and informal exchangers.
Pay in pesos; foreign currency is rarely accepted.
Keep small bills for taxis, markets, and street food.
Choose smart tools like TransferGo to send and exchange money at transparent rates with no surprises.
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Frequently asked questions
What is the official currency used in Mexico?
Mexican peso (MXN).
What is the official currency used in Mexico?
Symbol: $ | Code: MXN
Can I use my home currency in Mexico?
Rarely; pesos are required.
How can I use my GoCard in Mexico?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Mexico?
Cash is essential in small towns; cards work well in urban areas.
Are credit or debit cards widely accepted in Mexico?
Yes, in cities and tourist areas.
Are there ATMs available in Mexico, and are there withdrawal limits?
Yes, mostly in cities; limits vary by bank.
Can I use a GoCard in Mexico?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.