With colourful markets, mouthwatering street food and tequila flowing nightclubs Mexico is one popular spot to spend your holiday budget. But what currency does Mexico use, and how can you get the most bang for your buck while visiting these sun-kissed shores?
Take a read through our currency guide and get prepared for your next Mexican holiday.
What’s the currency?
The currency in Mexico is the Peso. It’s the 8th most traded currency in the world and one of the oldest currencies in North America.
Mexican currency can be taken out in several different note forms including 20, 50, 100, 200, 500 and 1,000 Peso notes.
The sign for the Peso is the same as the American dollar symbol, and sometimes you’ll see it written as MX$ or $MN.
If you receive change the coins come in $1, $2, $5 and $10. The exchange rate between countries change constantly, but currently £1 equals around 25 Mexican Pesos.
To get the most out of your money it’s best to take it out in advance at any currency exchange, bank, travel office or post office.
Airports can be an expensive place to exchange your money, so look ahead and take some out a few days in advance.
What can you expect to pay?
Now that you know the basics on the Mexican Peso, what can you expect to pay at a restaurant or bar?
A basic lunch at a Mexican restaurant, including a drink, will come to about 134 Mexican Pesos, or £5. A bottle of red wine at the table will be around 216 Pesos or £8, and a cocktail at a club would be around 111 Pesos or £4.
If you need to re-hydrate with a bottled water you can purchase one for 18 Pesos, and an ice cream will set you back about 22. In comparison to the UK your money will go far if you budget properly.
A daily budget of 900-1000 Mexican Pesos will allow you to eat out throughout the day, and also leave a little left over for sight-seeing.
If you’re looking to pick up some souvenirs for back home the Mexican markets have some excellent bargains. Here you’ll find a whole range of items from clothing, food, trinkets, home furnishing, hammocks, surf boards and a myriad of other bits and bobs.
These markets are a great place to wander and take in the atmosphere, as well taste your way through the delicious stalls selling Mexican favourites like tamales, tacos and churros.
Are you planning a trip to Mexico anytime soon? What are you most looking forward to buying? Let’s us know in the comments below.