Your Money and Finances in Mexico

People living in Mexico often open a Mexican bank account to facilitate daily transactions and manage money transfers between their home country and Mexico

This article shares tips and common sense advice to help keep your money and bank cards safe when you are visiting or living 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

Mexico's peso made a noticeable recovery throughout 2025, steadily increasing in value and ending the year 16% stronger than its 2024 closing price

Workers in Mexico look forward to their annual Christmas bonus payment, known as 'el Aguinaldo,' that is paid before December 20th each year

Mexico implements nine consecutive years of double-digit daily minimum wage rises with an increase of 13% for 2026—to $315.04 pesos per work day

When you’re buying pesos to fund a home purchase in Mexico, foreign exchange rates will impact your budget. MexEdge offers buyers a service to manage this risk

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 implements eight consecutive years of double-digit daily minimum wage rises with an increase of 12% for 2025—to $278.80 pesos per work day

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 implements six consecutive years of double-digit daily minimum wage rises with another increase of 20% in 2024—to $248.93 pesos per work day

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