Do the small shops & mall stores in mexico price there stuff in USD or Peso's? or both?

Question

I need to know if merchants in MX price there merchandise in USD or Peso's? If I give a clerk a $50.00 bill in USD. I want to know exactly what change i'm suppose to get back... I've been warned by several people to watch my money while trading in MX. Can anyone advise?

Answer 1

First, it will depend where you are going in Mexico! If you are only going to tourist areas, most likely people will easily give you prices in both... although I would carry smaller bills than $50s!

But, if you are aware from tourist areas, and especially if you are in smaller towns, it is best to have pesos. You can easily obtain pesos by exchanging money at banks or at money exchanges (sometimes even hotel desks -- just be aware of charges). In addition, you can often use your bank card to obtain pesos from ATMS -- again, check BEFORE you travel to make sure you know what charges both your financial institution and the foreign institution will make.

You can check exchange rates at many sites on the internet and most banks and money exchanges will post the exchange rates that they are using so that you can compare them.

And if you have pesos, you will easily be able to purchase items from the vendors who often set up shop on street corners -- and sometimes have great homemade items!

I have posted a link to Banamex -- you can check the exchange rate online there if you wish.

Answer 2

They price their items in both. If something is 10 Pesos, you can pay with $1. If something is 10 Pesos and you pay with a $5 bill, make sure you ask for the change in US$ because if you don't they will most likely give you 40 pesos back instead of $4. They will give you US$ without a problem.

I exchanged my money at the resorts front desk. They give you 10 pesos for each US$, which is o.k.
If you go to a money exchange kiosk (you will fing them near the mall, Coco Bongo, Daddy O's...) you will get abour 30 cents more for each US$.
I don't see why you would have to "watch your money". Just act like you would act here. You really have nothing to worry about, I've been there 3 times and never had a problem.

Answer 3

Fortunately, you can take both since being a touristic place, they accept both currency. But the only "problem" about taking dollars would be that depending where are you spending your money, each bussiness probably will have their own "exchange". As an example, let's say 1 dollar is 11.20 pesos, in some places they might have the rule of 1 dollar = 12 pesos. It might sound only cents but is a trip and you might save those "cents" for spending in something there.

Answer 4

It's much easier to exchange your dollars for pesos at a bank when you arrive. The airport exchanges can be higher. All tags are marked in pesos. We have been going for 10 plus years and pretty much if an item is marked 250 pesos, you can come close at $25 american. Charge when you can, the rate can actually lower your price by the time it hits your card.

Answer 5

If you purchase something in Cancun, you will most likely will get back change in pesos. If you go to the ATM machine to take money out of your account, you will get pesos. It is their country's currency and you should not be surprised. If you plan to be shopping a lot, exchange your dollars into pesos. Right now the exchange rate is $1.00=10.97 pesos. If something cost 100 pesos, that's about $10.00 dollars. (a little less) 50 pesos for a cab ride, around 5 dollars.
You will have to be careful at the flee markets.

Have a great time and enjoy.
s

Answer 6

Most of the shops in the tourist places ie: beaches and archealogical sites will post the prices in both pesos and dollars. However, small shops and malls in the cities DO NOT. I suggest to change some local currency for tipping, or if you are planning to buy something, put it on your credit card and you'll benefit of a better exchange rate.

Answer 7

Take USD in small denominations so you don't need change. Most of the shops in the tourist areas will tell you the price in USD. They sometimes have the Mexican price too. What I have found is that if you need change they will give it to you in Mexican currency and it isn't usually at a good exchange rate. You then have to find a way to get rid of it. You can ask before handing over the money if they have change for it in USD and sometimes they will do this but others won't.

Even places that have prices in Mexican currency will usually tell you what it is is USD and will accept USD. I have foudn this to be true in most ports where US cruise ships pull up.

Answer 8

In pesos of course, it's a different country with it's own currency.

Answer 9

It depends wat store in the mall sometimes and most of the time they do accpet USD's.