Mexico does not use the US dollar as its official currency. The local currency in Mexico is the Mexican Nuevo Peso, which is commonly referred to simply as “Peso.” The use of the US dollar in Mexico is mainly limited to tourist areas and international transactions, such as exchanging US dollar travelers’ cheques and notes into the local currency.
When traveling to Mexico, it is generally recommended to exchange your currency for Mexican Pesos. While some businesses in tourist areas may accept US dollars, it is always better to have the local currency for everyday transactions. Using the local currency will also help you avoid any confusion or potential issues with exchange rates or accepting foreign currency.
In my personal experience, I have found it much easier to use Mexican Pesos when in Mexico. Most establishments, including hotels, restaurants, and stores, prefer to be paid in the local currency. It is also common for vendors at local markets and street stalls to only accept Pesos. While there may be some exceptions, especially in touristy areas, it is always a good idea to have Pesos on hand.
When it comes to exchanging money, it is usually more convenient to exchange US dollar travelers’ cheques and notes into Mexican Pesos, rather than Sterling. US dollars are widely accepted in many exchange offices, banks, and hotels throughout the country. However, it is important to note that exchange rates may vary, so it is advisable to compare rates and fees before making any transactions.
Mexico does not use the US dollar as its official currency. The local currency is the Mexican Nuevo Peso, commonly known as Peso. While US dollars may be accepted in some tourist areas and for international transactions, it is recommended to have Mexican Pesos for everyday use in Mexico. Exchanging US dollar travelers’ cheques and notes into Mexican Pesos is generally easier than exchanging Sterling.