I wouldn't say $200 is a lot of money. It's a good amount of money. I always exchange $200 for MxN whenever I go to Mexico for a week. It's enough for me to eat at restaurants and buy souvenir trinkets, but this was before COVID.
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200 Pesos: The 200-Peso note is a common one to get at ATMs and is often the largest note that market sellers and small shops will accept. It's green and is worth about $10 USD. 500 Pesos: The 500-Peso note is the largest you're likely to see. It's currently brown, but they are starting to make new ones which are blue.
They are fantastic for tacos and other fast food. With 100 Pesos, tourists can also buy ice cream, fruits, or juice from the local food markets. If they do not want to spend their money on food, they can purchase a ticket to enter Tulum ruins, Chapultepec Castle, Museo Nacional de Antropologia, etc.
With $100 in Mexico, you can buy premium seats to see the popular sport of Lucha Libre and have a perfect view of the action. Your $100 can also get you two tickets to the underwater museum in Cancun, where you can see sculptures and marine life.
How Much Money to Take to Mexico for a Week? Follow the 25% rule regardless of how many days you will be in Mexico. For example, if your total budget for a seven-day vacation is 1500 USD, you should bring a total of 375 USD or 7,000 MXN.
It's up to you how much you tip, but the recommended amount in Mexico is between 10% – 20% (15% is a good standard in tourist areas) of the bill or ticket price.
A comfortable daily allowance in Mexico is 70-150 USD per person. This will allow you to do a few more luxurious tours, eat at nicer restaurants, or stay at a mid-range hotel. For cash, bring 25-35 USD for each day of your vacation.
Budget-Friendly Travel PlanningHow much money will you need for your trip to Mexico? You should plan to spend around M$2,180 ($130) per day on your vacation in Mexico, which is the average daily price based on the expenses of other visitors.
So, how much spending money should I bring to Mexico? On a mid-range budget, you should expect to spend $110 USD ($2200 MXN) per person daily. This accounts for 3 meals a day, transportation fare, and one activity per day(tours, attractions,etc.). Add $10 USD ($200 MXN) if planning to drink alcohol.
Now, let's get down to the nitty-gritty of the trip to Mexico cost. For budget travelers, you can expect to spend around $30 to $50 per day, including accommodation, food, transportation, and activities. Mid-range travelers, on the other hand, can expect to spend around $60 to $100 per day.
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.
The national currency in Mexico is the Mexican Peso (MXN). However the US Dollar is widely accepted across Mexico especially in the more touristic places like Playa del Carmen.