Is it better to exchange currency before you leave?

Buy currency before you travel. When you are traveling to another country, you can exchange some of your money before you leave home. Doing so gives you time to shop around for the best rate. Plus, when you arrive, you won't have to immediately find a bank or currency exchange.



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Most businesses will take U.S. dollars, but it's better to convert your currency to pesos. You'll get better deals and it is the currency of Mexico. Many people get pesos from their bank at home before travel. We normally use ATMs when we arrive at the Cancun airport.

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A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling.

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The general consensus is that you should have $50 to $100 in cash per day for each traveler.

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How Much Cash Can You Fly With? If you are traveling on an international flight and have more than $10,000 in your possession, you must disclose the amount of U.S. Currency in your possession on a FinCEN 105 form. On a domestic flight, no rule requires you to disclose carrying $10,000 or more on the flight.

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