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Currency Exchange

If you do need to exchange money, the best rate is from the banks, but be prepared to wait in line. Second best is the Casa de Cambio (Money Exchange) places around town. Lastly, if you are staying at a hotel, they usually offer money exchange services, but usually give the worst rate.

The Mexican Peso Coins

mexican_pesos

Since 1993, Bucerias uses the New Mexican Peso. The Mexican Peso comes in demonimations of 1, 2, 5, 10 and the rare 20 Pesos. Centavos (cents) are 5, 10, 20 and 50.

The easy way to price things is to remove a zero and you are pretty close to the Canadian exchange rate, and even lower for the American dollar as of this writing.

TIP FOR CANADIANS: Don’t bring US travellers checks. There are so many ATM machines that will allow you to withdraw pesos at a better rate than most “Casa de Cambios”.  Remember to check with your bank if you what they will charge you for ATM fees outside your country of origin, and let them know you will be travelling so they will not block your card.  You do not need to bring American money either.  Apart from paying tips at an all-inclusive, you are best to buy pesos before leaving, or once here.

The Mexican Bills

Mexican bills com in denominations of 20, 50, 100, 200, 500 and the very rare 1000 bills.

20_pesos_front20_pesos_back

50_pesos_front 50_peso_back

100_peso_front 100_peso_back

200_peso_front 200_peso_back

500_peso_front 500_peso_back

Credit Cards

Cash is the preferred method of payment, but most descent restaurants, art galleries, shops will take most major credit cards. You may be asked to pay an extra 2-3% if paying with a credit card as most prices are cash discounted.

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