20 Pesos to US Dollars (2024)

FAQs

How much is $20 peso in US dollars? ›

In order to do this, you need to know the current exchange rate. At the time of writing, 1 MXN is worth 0.05 USD. Once you know that information, multiply the amount you have in pesos by the current exchange rate. The resulting number will show you the amount of U.S. dollars that you have to spend on your trip.

The amount you tip in Mexico will depend on where you are and what type of services you're buying. As a general rule, expect to tip around 10% of the bill. If you get exceptionally good service, say thank you with a tip closer to 15-20%.

With today's exchange rates, $100 USD is about $1,900 – $2,000 MXN. Compared to wages, $1,900 MXN is about weeks' worth of salary for most manual labor jobs outside the major cities of Mexico. So for locals that have basic day labor jobs, it is a decent amount of money.

For a half-day private tour, it's common to tip between 200 and 400 pesos, depending on what is offered and the level of service. For full-day private tours, anywhere between 300 and 600 pesos per person is much appreciated, again depending on what's included with the tour and how involved the guide is.

How many Mexican Pesos do I need per day? ›

Mid-range Travellers. Those with a little more money to spare may find that an average daily budget of $2,400 Mexican Pesos (MXN) is the perfect amount. This will get you a comfortable mid-range hotel room, allow you to travel by taxi, and give you the opportunity to enjoy three-course meals in most restaurants.

Your money can go a long way in Mexico, with the exchange rate often above 1 US dollar (USD) to 15 Mexican pesos (MXN). This favorable exchange rate allows visitors to stretch their budgets further and enjoy more of what Mexico offers.

Currency in Mexico

However, it's almost always more cost-efficient to pay with pesos.

The exchange rate for US dollar to Mexican pesos is currently 19.204 today, reflecting a 0.000% change since yesterday.

Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.

The image of Don Benito Juárez is accompanied by a drawing composed of a balancing scale in the foreground, which symbolizes equilibrium and justice, and a book, which represents the reform laws enacted in 1859.