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Mexican peso
The official currency for Mexico is the Mexican peso which is divided into 100 centavos.
Currency regime
Mexico is part of the North American Free Trade Agreement and there are growing links between the US and Mexican economies, but there is no official currency link with the US currency.
The currency floats freely against the major currencies with the central bank targeting the inflation rate and not the currency.
Commercial rates
On February 9 2006, the Mexican peso was trading at 10.49 against the US dollar, 12.55 against the Euro and 18.25 against Sterling.
Tourist rates
On February 9 2006, the peso was valued at around 17.6 against Sterling. For 1 UK pound you will, therefore, receive around 17.6 pesos.
Dollars may be accepted in some places, but pesos are preferred. Travellers cheques are best taken in US dollars.
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