http://travel-to--mexico.blogspot.com/2011/10/money-exchange-for-mexico-services.html
Money Exchange for Mexico -Services - Money
Travel tips for your trip to Mexico Hotel Maps Famous Places in Mexico helps you to make your trip to Mexico in the holiday a Splendid One
Currency information:
Mexican Peso (MXN; symbol M$) = 100 centavos. Notes are in denominations of M$1,000, 500, 200, 100, 50 and 20. Coins are in denominations of M$10, 5, 2 and 1, and 50 and 20 centavos.
Note: The M$1,000 and M$500 notes can be difficult to change and are sometimes not accepted.
Credit cards:
MasterCard, Visa and American Express cards are generally accepted by businesses catering to tourists, such as car rental agencies, airlines, some bus lines and higher-end hotels, shops and restaurants. (Credit companies add a surcharge of around 5% for foreign transactions.) At humbler establishments you'll need pesos to make purchases.
ATM:
ATMs on the Cirrus and Plus networks are easily found in cities and towns throughout Mexico, dispensing pesos for holders of both debit and credit cards.
Travellers cheques:
ATMs and credit cards mean traveller's cheques are less necessary as a means of carrying money than they used to be and not necessarily recommended. However, traveller's cheques issued by well-known brands can be cashed in exchange houses. Traveller's cheques in Pounds Sterling and Euros are now as readily accepted as those in US Dollars.
Banking hours:
Mon-Fri 0900-1600; some banks are open longer hours and others are open on Saturday mornings.
Currency restriction:
Local currency and foreign currency may be imported and exported up to the equivalent of US$10,000; larger amounts must be declared.
Currency exchange:
The US dollar is widely accepted; indeed in some instances it can be difficult to pay in pesos. Currency exchange houses give a preferable rate of exchange to hotels and a much quicker service than banks. The exchange rate of the Mexican peso had been relatively stable until 2008, when it took a huge tumble, reaching a record low against the US dollar in 2009.
