Do you ever wonder how currencies are exchanged between countries?
It's all about exchange rates.
They determine the rate at which one currency can be swapped for another.
Imagine you have 1 US Dollar.
In Jan 2023, the exchange rate was 18.8, so you could use that 1 dollar to buy 18.8 Mexican Pesos.
That's how the exchange rate works!
Hint!
Avoid exchanging all your money at once!
Consistently exchanging currency in advance allows you to accumulate it calmly and organized, without panic. Don't wait until the last minute to make the exchange, and don't postpone it hoping for a better price.