Ruth Haines
If you're travelling to Mexico, you'll need to exchange your currency for Mexican pesos. There are several ways to do this, including using a local ATM, exchanging cash at a bank or exchange house, or transferring money to a Mexican bank account. Many travellers opt to exchange their currency at the airport, and Mexico City Airport has several exchange houses located after customs in Terminal 1. While some sources claim that the airport offers competitive exchange rates, others suggest that the rates are better outside the airport, in the city centre. It's important to be cautious of scams and pickpockets, especially when carrying large amounts of cash.
| Characteristics | Values |
|---|---|
| Currency exchange service providers at MEX airport | Globo Cambio, Casas de Cambio |
| Number of currencies available | 39 |
| Recommended places to exchange currency | Local exchange houses, ATMs |
| Places to avoid exchanging currency | Airports, hotels, banks |
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What You'll Learn
Currency exchange stores at MEX airport
Mexico City International Airport, also known as Benito Juarez Airport, has currency exchange stores available for travellers. The local currency in Mexico is the Mexican peso, which you can exchange for foreign currency at the airport.
There are several currency exchange stores, also known as "Casas de Cambio" or "cambios", located throughout the airport. These stores are available before and after passing through customs and baggage claim in Terminal 1. Some sources suggest that the exchange rates may be better after passing through customs, as the options in the arrivals area may be more expensive and less secure. However, others have mentioned that the exchange rates are better outside the baggage claim area.
You can find currency exchange stores all over Terminal 1, and some may be more out of the way, offering a sense of comfort and privacy when exchanging money. It is recommended to compare the rates posted on boards and shop around to get the best deal.
In addition to currency exchange stores, there are also several ATM options available 24/7 in Terminal 1 and Terminal 2. These include the Dollar Word ATM, Aerogolden, Comercializadora Sarjes ATM, Coberturas Mexicanas, Cambios Extranjeros, Aldalet ATM, and Cibanco ATM. There are also bank branches located within the airport, such as BBVA Bancomer, Banorte Financial Center, HSBC, IXE Banco Financial Center, Scotia Bank Inverlat, and Banamex.
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ATM cash withdrawals
If you prefer to use cash while travelling, it's a good idea to research ATM cash withdrawals in Mexico before your trip.
ATMs in Mexico are called "cajeros" and they are available at major airports, big cities, and busy tourist areas. You can use a UK-issued card to withdraw cash in Mexico, as most ATMs accept a wide range of debit and credit cards, including Visa and Mastercard. However, it's important to note that there may be differences in fees between ATMs in the airport and those in the city.
When withdrawing cash from an ATM in Mexico, it is generally recommended to decline the exchange rate offered by the ATM and process the transaction normally. This way, the exchange rate will be controlled by your bank, which usually offers a better rate. Additionally, it's a good idea to check if your local bank has partnerships with Mexican banks to avoid unwanted ATM fees.
The ATM withdrawal limit in Mexico is typically around $4,000 to $11,000 MXN per transaction, but it may also depend on your bank's card limits. It's worth noting that some travellers suggest buying currency ahead of time or using currency exchange services at the airport, as ATMs at airports can sometimes have unfavourable exchange rates and additional fees. However, others argue that using an ATM at the airport is convenient, especially if your bank reimburses any fees charged.
To summarise, while ATM cash withdrawals in Mexico can be a convenient option, it's important to be aware of potential fees and unfavourable exchange rates. Researching beforehand, understanding the local currency, and knowing the current exchange rate can help you make informed decisions about your cash withdrawals while travelling.
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Using cards in Mexico
Mexico is primarily a cash country, so it's a good idea to carry some pesos with you. That said, credit cards are accepted almost everywhere in Mexican cities and tourist areas, with Visa and Mastercard being the most widely accepted. American Express is also accepted, but it's best to ask beforehand.
It's important to note that credit cards may not be accepted on buses, most taxis, tour guides, corner stores, and taquerias. Look out for a sign saying "No Tarjetas De Credito" to know if cards are not accepted. Generally, most shops, restaurants, and bars accept debit cards from UK banks, but smaller businesses may not.
If you plan to use your credit card at an ATM, it's best to use one located in a closed building, such as a bank or supermarket, as publicly accessible ATMs are susceptible to manipulation. Additionally, some ATMs in Mexico charge hefty fees for credit card withdrawals, especially at cruise ports and hotels. It's also good to be aware that ATM withdrawals using credit cards are treated as cash advances, accruing interest and a cash advance fee.
Before your trip, it's a good idea to inform your bank and credit card company of your travel plans to avoid any unexpected blocks on your cards. Additionally, check if your card has any international transaction fees, as these can add up during your trip.
Finally, when exchanging currency, it's best to avoid airports and hotels, as they often offer poor rates and high transaction fees. Instead, consider using a local exchange house, known as a Casa de Cambio, as they tend to offer the best rates.
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Exchange rates at MEX airport
When it comes to exchanging currency at Mexico City International Airport, there are a few things to keep in mind to get the best exchange rates. Firstly, it is generally recommended to avoid exchanging money at airports as they tend to offer poor rates and charge high transaction fees. Instead, using an ATM or visiting a local exchange house in the city may provide better rates and lower fees.
However, if you need to exchange money at the airport, there are a few options available at Mexico City International Airport. Several currency exchange companies, such as Globo Cambio, operate branches within the airport. These companies offer a wide range of currencies and competitive exchange rates, although rates may vary between branches. It is always a good idea to compare rates and fees before choosing a currency exchange service.
According to some travellers, the exchange rates after customs and baggage claim tend to be better than those in the arrivals area. It is recommended to look for exchange offices that display their rates on boards and shop around to find the most favourable rate. Additionally, using an ATM at the airport can be a convenient option, but it is essential to inform your bank about your travel plans beforehand to avoid any issues or unexpected fees.
While exchanging currency at the airport can be convenient, it is essential to be cautious and aware of potential scams or pickpocketing attempts, as reported by some travellers. It is also worth considering that exchange rates can fluctuate, and the rate you receive may depend on the specific moment of the transaction and the bank involved. Therefore, it may be beneficial to have multiple options, such as using an ATM or shopping around for exchange houses, to make an informed decision and get the most out of your money.
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Currency exchange companies
Other currency exchange companies at Mexico City International Airport include Casas de Cambio, which are local exchange houses that offer competitive exchange rates and straightforward procedures for exchanging money. It is recommended to shop around at various exchange houses, as some may offer better rates on certain days, depending on their need for certain currencies.
While currency exchange services at the airport are convenient, it is worth noting that they may offer less favourable exchange rates and higher transaction fees compared to other options. Using a debit card at an ATM is often suggested as a way to get the best exchange rate possible. It is also recommended to exchange enough money before your trip to cover your initial expenses, as there are usually many ATMs available at the airport upon arrival.
Additionally, it is important to be aware of the local currency and the current exchange rate to ensure you are getting a good deal when exchanging money. The currency accepted in Mexico is the Mexican peso, with the currency code MXN.
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Frequently asked questions
There are several exchange houses, also known as Casas de Cambio, located throughout the airport. You can find them both before and after customs.
Exchange rates at the airport are reportedly better than those outside of the US and are competitive with other exchange houses in Mexico. However, some travellers have noted that the exchange rate is better after the baggage claim and customs.
Yes, there are ATMs located throughout the airport where you can withdraw Mexican pesos. However, be aware of any fees and daily limits imposed by your bank.
Some travellers have expressed concerns about being ripped off by authorised money changers or receiving counterfeit money. Others have warned about being targeted by thieves after exchanging large amounts of money at the airport.
