MEXICAN PESO: THE “SPANISH DOLLAR”
According to Countryaah, the Mexican Peso (MXN) is the legal tender in Mexico. It is divided into 100 centavos. Here you can buy Mexican pesos online and find out the current XE exchange rate from euros to Mexican pesos in our currency converter.
THE PESO HAS SPANISH ROOTS
The currency unit peso originally comes from Spain. The term, which can be translated as weight, spread outside the European continent as part of colonization and is still in use today as a currency in many South American countries – for example in Argentina, Chile, Colombia and Cuba. The now world-famous dollar sign goes back to the abbreviation of the term “Ps.”.
MANY COINS ARE NO LONGER NEEDED IN EVERYDAY LIFE
One peso is divided into 100 centavos. Although the coins are available in a total of eleven denominations from 5 centavos to 100 pesos, the small denominations of 5, 10 and 20 centavos as well as the coins with a value higher than 10 pesos are hardly used in everyday life. In the shops, prices are usually rounded up to 50 centavos.
BANKNOTES SHOW HISTORICAL PERSONALITIES
The coins are currently supplemented by banknotes ranging in size from 10 to 1000 pesos. The design of the banknotes is reminiscent of some of the country’s most important figures. The notes include images of the former President Benito Juárez, the nun and poet Juana Inés de la Cruz and the freedom fighter José María Morelos. The artists Diego Rivera and Frida Kahlo can also be found on the notes.
BUY MEXICAN PESOS ONLINE
Mayan temples, vibrant metropolises, spectacular beaches: there are many reasons why one should travel to Mexico. Be sure to arm yourself with a few pesos before you travel. In small shops, for example, it is good to have cash on hand, as it is sometimes difficult to return change with large banknotes. In bars and restaurants, tips between 10 and 15 percent are common. Tips are not expected when driving a taxi. You can find more helpful tips for a stay in the Central American country in our travel information about Mexico.
EXCHANGE MEXICAN PESOS ONLINE
You can conveniently buy the Mexican peso and other currencies in the XE online shop. Simply select the variety you want, view the current XE exchange rate and you can order the varieties online. The travel money will then be conveniently delivered to your home within a few days. In addition, you can also easily change your travel money in one of the many branches of XE.
THE CURRENCY AT A GLANCE
1 Mexican Nuevo Peso = 100 Centavos. Currency abbreviation: Mex $, MXN (ISO code). There are banknotes in denominations of 1000, 500, 200, 100, 50, 20 and 10 (rarely) Mex $, coins are in denominations of 20, 10, 5, 2 and 1 Mex $ as well as 50 and (rarely) 20 Centavos in circulation.
FOREIGN EXCHANGE REGULATIONS
No restrictions. The import and export of the national currency, as well as the import of foreign currency, must be declared for an amount equivalent to US $ 10,000. The export of foreign currencies is permitted up to the amount declared on entry, minus the exchange amounts.