is the peso the only currency in Mexico?
2007-01-09 18:05:22 · 9 answers · asked by lily 1 in Travel ➔ Mexico ➔ Other - Mexico
Nowadays the exchange rate is roughly 11 pesos to the dollar.
About your question, you wouldn't get the .01 (or 1 centavo) as we don't use 1 centavo coins.. haven't used them for over 40 years.
You might get 220.20
The peso is the only currency, although some places do take dollars, but at a different exchange rate. I would suggest going to the exchange bureaus in the airport to get the best rate.
Good luck!
2007-01-13 02:28:16 · answer #1 · answered by BEL76 2 · 0⤊ 0⤋
The peso value varies daily with the dollar. Today it's around 10.87 MX pesos to the US dollar. So if you exchange $100 US you should receive around 108+ MX pesos.
The coins in Mx are 5, 10, 20, 50 centavos. Also 1, 2, 5, 10, 20, 50 & 100 peso coins. Paper money is in 20, 50, 100, 200, 500 & 1000 peso denominations
2007-01-10 03:07:49 · answer #2 · answered by Jim W 4 · 0⤊ 1⤋
You can't, the smallest coin value is 10 cents. (they are supposed to be 5 cent coins, but haven't seen any lately) So you only can receive 220.20 pesos.
Yes, the peso is the official currency here, you could pay in dollars (mainly in La Paz or Cancun) but the rate will be agains you.
2007-01-10 14:17:03 · answer #3 · answered by wlf2226 2 · 0⤊ 0⤋
they dont usually round that last part.. usually its a 10 to 1 ratio.. 1 american dollar to 10 pesos, some places will have 9 to 1 and others 11-1 but they usually have signs up saying what their rate is..
2007-01-10 23:23:27 · answer #4 · answered by Totallylost 2 · 1⤊ 0⤋
they have a currency called a centavo, which equals 1/100 peso (same as a Penny to a dollar in US Currency)
2007-01-10 02:12:53 · answer #5 · answered by Richard H 7 · 0⤊ 1⤋
As of 16 September 2006, the Exchange Rate was:
1 USD = MX$ 10.9350
1 EUR = MX$ 13.8306
1 GBP = MX$ 20.5315
1 CNY = MX$ 1.37642
100 JPY = MX$ 9.31828
1 CAD = MX$ 9.76383
2007-01-10 23:07:58 · answer #6 · answered by mexluther 2 · 1⤊ 0⤋
No, there are centavos (hundreths) also.
But in a situation where you're exchanging money, they'll round to the nearest unit.
2007-01-10 02:13:06 · answer #7 · answered by drshorty 7 · 0⤊ 0⤋
If there are any young children standing nearby, you just give the odd coins to them.
2007-01-10 04:46:25 · answer #8 · answered by Overseas E 3 · 0⤊ 1⤋
You will never see it back! WATCH when you go there they tend to short change you on your money..
2007-01-10 04:22:50 · answer #9 · answered by Anonymous · 0⤊ 3⤋