Mexican Currency

[Hawk]

A different type of question here. Is the peso that was in use in the 80's still any good? The economy in Mexico had pretty much gone down the tubes at the time and the exchange rate was almost 900 peso's to the dollar. I brought home some pocket change, 5,500 pesos, and just found them again. At the time it was about $6 worth. If they are still any good, they are now worth about $530.

I figured this was probably the best place to ask.

Later, Hawk.

 

[Christi]

Nope...there is new currency since the 80's, and it's now between 10 and 11 pesos to the dollar.

Pesos come in the following denominations now:
Coins = .5, 1, 2, 5 and 10 pesos coins (some 20 peso coins exist)
Bills = 20, 50, 100, 200, 500, 1000

 

[DandyDon]

5,500 "Old Pesos" would be equal to 5-1/2 New Peso (Nuevo Peso) = about 50c US. Money in Mexico exchanging dollars pesos value exchange rates playa del carmen banks

 

[Hawk]

Thanks. I thought I remembered something like that. Bummer...Oh well, I guess it is just something to remember a fun trip through Mexico a long time ago.

Maybe some day I will go back, not for a while though. Too many other places to go first.

Later, Hawk.

 

[mauiiop]

I collect and horde money from other countries not a lot but i use it as a reminder of where i was and what i did. Maybe in 10 years you can sell it to a collector
I bet it looks cool ( the money i mean)

 

[DandyDon]

I found this an interesting read: the Peso since it started as "Pieces of Eight" Mexican peso - Wikipedia, the free encyclopedia

Probly too many Old Peso notes that weren't worth exchaning still exist for any to become valuable. Some mint quality coins perhaps.

 

[mauiiop]

Dandy Don, you always have some great info. Thanks for the reads. I did not know that much about the peso and i live here and love the people and culture. I think i am stuck in the maya ways now. Great stuff thanks again