Are you planning on traveling to Mexico or simply curious about the value of 90 dollars in pesos? In this article, we’ll delve deep into the world of Mexican currency to give you an idea of what you can expect.
What are Pesos?
Pesos are the official currency of Mexico, abbreviated as “MXN” or “$” when it comes to currency exchange. The currency has been in use in Mexico since the colonial era and it is one of the most traded currencies in the world.
The Current Exchange Rate
As of writing this article, the current exchange rate for 1 USD to MXN is roughly 19.26 pesos. Therefore, if you have 90 dollars, this would be equivalent to 1,733.36 pesos.
Where to Exchange Currency
If you are traveling to Mexico, it’s important to exchange your currency for pesos, especially if you plan on using cash. You can exchange currency at airports, banks, exchange offices, and some hotels. However, it’s important to do your research and compare rates to get the best deal.
Using Credit Cards in Mexico
While using cash in Mexico is still the preferred method of payment, credit cards are widely accepted in most tourist areas, hotels, and restaurants. It’s important to check with your bank beforehand to make sure your card will work in Mexico and to notify them of your travel plans to avoid any issues with fraud protection.
Mexican Banknotes and Coins
Mexico uses plastic polymer banknotes for its currency, which are meant to be more durable and longer-lasting than traditional paper notes. The banknotes come in denominations of 20, 50, 100, 200, 500, and 1,000 pesos. Mexican coins come in denominations of 1, 2, 5, 10, and 20 pesos, as well as 10, 20, and 50 centavos.
Spending 90 Dollars in Mexico
So, what can you do with 90 dollars in Mexico? The answer depends on your preferences and travel plans. If you’re a budget traveler, you can easily survive on 1,000-2,000 pesos a day, taking into account transportation, food, and basic sightseeing activities. With 1,733.36 pesos, you can get a decent meal for two at a mid-range restaurant, take a taxi around town, and visit some free museums or parks.
Conclusion
As you can see, 90 dollars can go a long way in Mexico, especially if you’re a savvy traveler who knows how to budget wisely. Whether you’re traveling to Mexico for business or pleasure, it’s important to have a basic understanding of the currency and exchange rates to make the most out of your trip.