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Mexican Peso (MXN; symbol M$) = 100 centavos. Notes are in denominations of M$1,000, 500, 200, 100, 50 and 20. Coins are in denominations of M$100, 50, 20, 10, 5, 2 and 1, and 50, 20, 10 and 5 centavos.
Note: The M$1,000 note is difficult to change and often not accepted. The M$100 and M$50 coins are rarely seen.
Currency exchange houses give a preferable rate of exchange to hotels and a much quicker service than banks. The exchange rate of the Mexican peso has been relatively stable recently.
Credit cards are not as widely accepted as in Europe or the USA. MasterCard and Visa are the two most widely accepted cards. American Express and Diners Club are accepted on a smaller scale. Some companies make an extra charge of around 5% on such transactions. There are ATMs in cities and most major tourist destinations nationwide, although not all debit cards are accepted, so check before leaving.
ATMs and credit cards mean traveller's cheques are less necessary as a means of carrying money. However, traveller's cheques issued by well-known brands can be cashed in exchange houses, which again give a better rate than hotels and a quicker service than banks. Traveller's cheques in Pounds Sterling and Euros are now as readily accepted as those in US Dollars.
Mon-Fri 0900-1600; some banks are open longer hours and others are open on Saturday afternoon.