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With the peso/ dollar exchange rate steady over the past couple of years, Mexico remains a prime bargain destination.

The hottest area now is arguably Mexico City, booming with new museums, a historical architectural revival and a vibrant music and arts scene. Entry to the city's huge Museum of Modern Art, where you can see works by Frida Kahlo and Diego Rivera, costs just $2.

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Last updated April 18 2008: 10:05 AM ET