CURRENCY EXCHANGE

In 1993, the Mexican monetary system was simplified with the removal of three zeros. The new money is called Nuevos Pesos (New Pesos) and is denoted by the symbol "N$". To figure out the difference, just move the decimal point three places to the left. Old bills and coins continue to be circulated. The bills depicting the nuevos pesos are the same color and design as the old ones. While bills worth $5,000 and $2,000 old pesos are slowly going out of circulation, their new equivalents N$5 and N$2 are now coins. As of October 1994, newer bills and coins came into circulation: four denominations that already existed - N$10, N$20, N$50 and N$100, as well as two additional ones - N$200 and N$500. These latest bills are smaller in size, while the coins are bigger and heavier than before. In January of 1996, more bills were circulated with the new designs, but without the adjective "nuevos" before the work pesos, and all of the earlier bills were retired. Whenever you receive money, just be aware of what you're getting.
St Martin is a major duty free port and we recommend to our clients that whenever possible that they pay for restaurant and shopping charges on the the French side with a credit card and request that the amount be charged in euros. Your credit card company will give you the best rate available on the date the charge is processed by the credit card company. This can amount to a savings of as much as 15%. This could amount to as much as $750 on $5000 of expenditures. This monetary edge makes shopping on the French side a real bargin when combined with duty free items.

Use the currency converter below to see how far your dollars will go today.

http://www.oanda.com/converter/classic?user=pathfinder2/