Purchasing Power of the Mexican Peso: ~$0.046 USD as of February 2023

Purchasing power parity (PPP) reflects the goods/services one currency unit can buy domestically. As of February 2023, 1 Mexican peso (MXN) ≈ 0.046 US dollars (USD).

In Mexico, one peso might buy:

• A single bus/metro ticket in Mexico City
• A small street food portion (e.g., a taco)
• A piece of fruit or snack
• A basic coffee at a local café

PPP is relative to local cost of living; a peso's purchasing power differs from its exchange-rate value.