Your Money and Finances in Mexico

Articles about money, banking and personal finance matters in Mexico

Articles about money, banking and personal finance matters in Mexico

Bank in Mexico - Banamex

Banking Services in Mexico

If you’re living or working in Mexico, planning to retire here, or planning to invest in Mexican real estate, the likelihood is that you will need to open an account at a Mexican bank to facilitate your daily financial transactions in Mexico as well...

Currency Exchange Rates at Mexico City airport

A Tale of Two Airport Exchange Rates

Seasoned readers of these pages may know that we have often extolled the virtues of exchanging your foreign currency in cash when you get to Mexico, and not before. Having just taken note of the exchange rates offered at two airports, our advice remains...

US Dollars

Transferring Money To and From Mexico

If you’re planning to live, work, retire or buy a home in Mexico, you’ll probably find that there is a need to transfer money regularly between your home country and Mexico. If your move to Mexico is only semi-permanent or part-time, or if you...

Currency Exchange Booths at Mexico City's Airport

Mexico’s Peso: A Haven of Stability?

Mexico's peso has been surprisingly stable against the dollar in the past year or so, more surprising even given that markets have been fairly volatile for fear that the U.S. Fed could start raising interest rates at any time . . .

Bancomer Bank in a Colonial City in Mexico

Banks and Banking in Mexico

If you're planning to live in Mexico full or part-time, or planning to buy a home here, sooner or later you will need to set up a Mexican bank account...

Currency Exchange in Mexico

A Fair Exchange

Mexico's economy is still heavily cash-based and many goods and services must still be paid in cash with Mexican pesos, especially in smaller towns and villages, and places off the beaten track. So you'll need get hold of some cash while you're in...

US Dollars

Mexico Modifies Dollar Cash Restrictions

In an effort to stem the flow of illegal cash funds passing through Mexican banks and businesses, Mexico introduced a series of measures to limit the amount of foreign currency that companies and individuals, including tourists, may deposit into banks, exchange into pesos, or...

Currency Exchange Booths at Mexico City's Airport

The Value of Mexico’s Peso

Mexico's peso has had a rocky history against the US dollar. Periods of stability have been followed by periods of great turmoil and resulting devaluations.

$100 Mexican Pesos - Centenary Limited Edition Banknote

New Banknotes Mark Independence, Revolution

The Mexican government has been getting a head start on celebrations of the bicentennial anniversary of the Independence, and the centennial anniversary of the Revolution.