![]() That is why it’s always good to have some cash with you. However, some places like Tulum hardly accept credit cards, although things have been changing lately. If you’re on a mid-range budget, many delicious roadside stands and oceanfront restaurants sell tacos, burritos, and cochinita pibil (pulled pork) dishes for 6 to 15 USD a plate.įor bigger spenders, cities such as Mexico City, Cabo, Tulum, and Cancun are home to numerous stunning award-winning and upscale restaurants.ĭepending on the location, eating more luxuriously could cost 50-200 USD a person. The food is fresh, and they have plenty of vegetables, snacks, and local beverages. One thing to be mindful of before arriving in Mexico is that restaurants in tourist spots will be more expensive.īuying food at the local supermarket is a great way to save money for low-end budgets. These are basically some of the reasons that define the importance that the US dollar has on the Mexican economy and especially the importance of knowing their current value.The good news is that Mexico has no shortage of amazing and affordable food.įrom simple tacos to complex Mayan cuisines, you’ll have more than enough restaurants to choose from, no matter your budget. The dollar is also the official currency in which the Bank of Mexico saves its international reserves. ![]() In this website, we show the price of the dollar in Mexico’s leading banks, updating its value every 30 minutes to keep you well informed about the current dollar value or commonly called "Dollar Today", the banks that we show are:īanamex, CitiBanamex, Santander, Monex, Banjercito, Banco de Mexico, HSBC, Banorte, BX+,īanco Azteca, Inbursa, Scotiabank, Banco del Bajio, Bancomer, IxeĪs extra information, it is noteworthy that the stock market of all countries use the dollar as an element on which various transactions are measure and guarantee. The dollar’s role in the Mexican economy is clearly one of the main elements of which depends on stability, and that is the main currency in which remittances are received from the United States, representing the second largest source of income in the country. The importance of this currency, especially lies to Mexico that this country belongs to the FTA (Free Trade Agreement) which is composed of Mexico, USA and Canada, and also 80% of its exports are to the United States, this being the main reason, which is important to know the price of the dollar and its behavior in the currency conversions. Since a long time the dollar is and remains the most widely used currency in the world economy, some countries like Panama, El Salvador and Ecuador adopted the US dollar as its official currency. Banco de México headquarters: Currency exchange rate 23.83 MXN per US1 () Reserves US 176.579 billion (2013) Government budget US 196. The economy of Mexico is a developing mixed-market economy. ![]() In the international standard ISO 4217 is defined as USD (United States Dollar) or what is the same, "American Dollar". All values, unless otherwise stated, are in US dollars. The US dollar is the most important currency in the world. If you are going to buy, your best option is: Banorte in $16.10 pesos per dollar. If you are going to sell, your best option is: Scotiabank in $18.20 pesos per dollar.
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