How can I invest in Mexican pesos?

How to Buy the Mexican Peso

1. Visit a foreign currency exchange service online.
2. Contact a foreign currency broker, bank or service by telephone.
3. Visit a currency broker, bank or service in person to purchase Mexican currency.

Is it better to buy Mexican pesos in Mexico?

It’s recommended that you buy pesos before you land in Mexico, just in case you need the cash. According to this USA Today article, the most economical way to do this is to buy pesos from your bank in the U.S. Most banks will do this for free, especially if you’re not withdrawing a significant amount of money.

Where can I trade Mexican pesos for American dollars?

Your bank or credit union is almost always the best place to exchange currency.

• Before your trip, exchange money at your bank or credit union.
• Once you’re abroad, use your financial institution’s ATMs, if possible.
• After you’re home, see if your bank or credit union will buy back the foreign currency.

How do I get the best exchange rate for pesos?

Your bank or credit union is almost always the best place to exchange currency.

1. Before your trip, exchange money at your bank or credit union.
2. Once you’re abroad, use your financial institution’s ATMs, if possible.
3. After you’re home, see if your bank or credit union will buy back the foreign currency.

Where is the best place to get Mexican pesos?

The Best Places to Buy Mexican Pesos in the USA

• Bank. You can buy pesos with dollars at major banks like Wells Fargo and Bank of America.
• Foreign Currency Exchange. Money changers can be the cheapest way to buy Mexico pesos.
• Airport. Yes, you can buy currency at the airport.

Can you trade foreign currency at a bank?

Most major banks will exchange your U.S. dollars for a foreign currency if you have a checking or savings account with the institution. In some cases, a bank will exchange currency if you have a credit card with the bank.