Mexico: Money & Costs

Baja California, Monterrey and the Yucatan Peninsula’s Caribbean coast are pricey, but elsewhere you can expect to get away with spending around US$25.00 – US$40.00 a day, particularly in rural areas. Throw in a few luxuries like traveling in reasonable comfort, staying at better mid-range places and eating at more expensive restaurants, and you’ll need more like US$40.00 . Stay at luxurious hotels and hire a car occasionally, and the sky’s the limit.
Money Preferred Form – The most convenient form of money in Mexico is a major international credit card or debit card. Credit cards can also be used to obtain cash from ATMs in Mexico, and are accepted for payment by most airlines, car rental companies, travel agents, many upper mid-range and top-end hotels, and some restaurants and shops. However, it’s probably a good idea to have more than one credit card as acceptance of cards is erratic – American Express in particular is not accepted by some Mexican businesses. Visa, Amex or MasterCard stickers on a door or window in Mexico do not necessarily mean that these cards will be accepted for payment there. As a backup, it’s wise to take some travelers checks and a little cash. US dollars are still the most easily exchangeable foreign currency in Mexico.
In heavily touristed areas such as Acapulco, Cancún and Cozumel, you can often spend US dollars as easily as pesos at hotels and restaurants (although the exchange rate will probably be awful).
Currency of Mexico is Mexican Peso and symbolized as $ sign.
Source:www.lonelyplanet.com

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