Guide to Money, Finances & Banking Services in Mexico
Learn about money & banking in Mexico: managing your finances, the Mexican peso, banknotes, banking services, money transfers, and using bank cards here
Mexican Peso
Articles and insights about the value and performance of Mexico’s peso (MXN)
Articles and insights about the value and performance of Mexico’s peso (MXN)
Introduction to Mexico’s Peso, its Coins & Banknotes
Mexico's peso is a one of the most traded currencies on world foreign exchange markets. This article introduces you to Mexico's currency, coins & banknotes
What are Mexico’s UDIs, and what are they used for?
UDIs were introduced as an inflation-protected unit and are still used today for mortgages, bonds, and some financial calculations
Making Money Transfers To, From, and Within Mexico
Money transfers to from and within Mexico have become easier and less expensive with online banking, although over-the-counter transfer services still exist
Money Exchange: Buying & Selling Foreign Currency in Mexico
Whether you're visiting Mexico or living here, you'll need to exchange your foreign currency and buy pesos for spending—there are three main ways to do this
Money Matters: How Safe is Your Cash in Mexico?
Mexico operates a public insurance scheme known as IPAB to protect depositors' funds, but not all firms and investment types qualify for cover
The Mexican Peso: A Historical Tour of Mexico’s Currency Value
A brief glance back over 70 years of exchange rate fluctuations reveals a pattern that's woven into the tapestry of Mexico’s peso
2024 Was a Year of Two Halves for the Mexican Peso
Mexico's peso started 2024 in fine spirits, but events during the summer brought pressure to bear on the currency, causing a 19% devaluation by year-end
Mexico’s Peso: More Big Strides in ’23; Estimates for 2024
In 2023, Mexico's peso extended the solid gains it made in 2022, supported by interest rates, economic growth, exports, tourism, and remittances from abroad
Mexico’s Peso: Stability & Gains in ’22; Estimates for 2023
Mexico's peso was stable and also posted a solid gain in 2022, supported by interest rates, exports, tourism, and foreign-currency remittances from abroad
The Peso’s Fairly Smooth Year in 2021 and Estimates for 2022
Mexico's peso was fairly stable against the US dollar in 2021, supported by prudent policy decisions and a recovering economy after a tumultuous 2020
Mexico’s Peso Roller-Coaster Ride of 2020 and Estimates for 2021
Mexico's peso experienced a dramatic fall and recovery in 2020, influenced by global events and supported by a range of policy decisions