Mexico finance provides an overview of the information you need to know to manage your personal finances.
The currency of Mexico is the peso (MXN) and coins are centavos. Paper currency denominations are: $20, $50, $100, $200, $500 and $1,000. Coin units are: $.05, $.010, $.20, $.50, $1.00, $2.00, $5.00, $10.00 and $20.00. If you would like more information on Mexico’s monetary system and the most current exchange rate, visit the country’s central bank, Banco de México.
Mexican banks are similar to most banks in other countries in services offered, such as checking and savings accounts, certificates of deposit, joint accounts, ATMs, mortgages and insurance. Check each bank individually for requirements to establish an account.
Here are a few major banks in Mexico that provide services for consumers: