How do I get the best exchange rate in Cancun?

The best place to change travelers checks (does anyone still use those?) is at a money exchange place or 'Cambio' in downtown Cancun. The Cambios in the Cancun hotel zone normally offer an inferior rate but may be more convenient. There are many of these in the main shopping areas.



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The answer is, it depends. Some places may accept US dollars, and some others may not. That is why exchanging money in Cancun is the safest bet. This vital step makes your entire trip hassle-free and gives you access to hotels, transportation, food, and other miscellaneous expenses without any obstructions.

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MONEY EXCHANGE The short answer is ABSOLUTELY YES, you need Mexican Pesos. You will need pesos for tips, souvenirs shopping, transportation like taxi/buses, tours, bar/restaurants, etc.

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Before your trip, exchange money at your bank or credit union, which likely offers better rates and fewer and/or lower fees. See if your bank or credit union will buy back any leftover foreign currency for when you return.

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Preparing your travel money options beforehand is the key to a stress-free vacation. Credit cards, debit cards, prepaid travel cards and cash are all accepted in Mexico. Outside of a few purchases like transportation fare or local shops, a credit card will be your best bet for everyday purchases.

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Therefore, you do not necessarily need to exchange money before traveling to Mexico if you plan on using your card for most transactions. Just make sure that your credit card waives international card transaction fees, otherwise, those fees will add on very quickly.

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Cash is a necessity in Cancun, given that many restaurants and gift shops don't accept credit cards. Like many other airports around the world, the Cancun airport is jam-packed with money exchange kiosks looking to convert your money into Mexican pesos.

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We would always suggest tipping a minimum of 10% at restaurants in Mexico. Check the bill and see if a service charge for gratuity was included.

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In Mexico, a good rule of thumb for tips is to leave 10-15% of the bill. 50 pesos would be a standard tip for a bill that was around 500 pesos. For example, if you go out for dinner and get drinks, you should expect to spend around 400 MXN. That would mean your tip would be between 40-60 MXN.

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Preparing your travel money options beforehand is the key to a stress-free vacation. Credit cards, debit cards, prepaid travel cards and cash are all accepted in Mexico. Outside of a few purchases like transportation fare or local shops, a credit card will be your best bet for everyday purchases.

MORE DETAILS