You'll get better rates at an exchange house, an ATM, or by using a credit card, but a bank provides the best rates. Although dollars are generally accepted in various resort areas, we recommend using pesos during your visit to Cabo San Lucas.
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In most tourist areas in Mexico, it is acceptable to tip in either pesos or dollars, though pesos are more practical for the person being tipped. If you do tip in dollars, be sure to only tip using notes and not coins as coins cannot be exchanged.
Before visiting Mexico it may be a good idea to exchange currency at your local bank as they may be able to provide you with the best Mexican Peso exchange rate. When you arrive at Cabo Airport you can also exchange money at each terminal Cash Exchange facility, Cambio.
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.
While tipping may not be required at some all-inclusive resorts, many guests prefer to do so. In the event that you would like to tip staff during your all-inclusive vacation, it is important to find out in advance whether staff would even be allowed to accept those tips.
How much cash should I bring to Cabo for a week? I typically bring $1,000 to $2,000 in cash for a one-week trip. To the extent that I have leftover cash at the end of the trip (which I almost always do), I usually apply it to my outstanding bill at the resort I'm staying at.
Cabo taxi drivers accept payments in both USD and Mexican Pesos. However, they often inflate the exchange rate, so paying in USD will be more expensive. If your driver gives excellent service, you can round up your fare to tip them, however, it's not obligatory.
The best currency to bring to Mexico is a mix of pesos and US dollars. Use the dollars to pay for tours, entrance fees, accommodation, and travel. For everything else use pesos. It should be relatively simple to get pesos in your own country before you travel.
It is not necessary to tip an additional amount. A minimum of $1-$2 U.S. (20-40 pesos) per round of drinks is customary, or if you're running a tab, leave 15-20% of the total as a tip. Remember, if you are receiving Happy Hour half-price, tip on the regular pricing amount.
While tipping is a discretionary and optional gesture, at all-inclusive resorts in Mexico, Cuba, Dominican Republic, Jamaica, and others, it is certainly encouraged.
How much cash should I bring to Mexico for tips? About $10-15 per day. Bring pesos (the local currency) and a lot of $1 bills. If you are planning an activity, like sailing, bring 20% of that activity fee for a tip.
About $10-15 per day. Bring pesos (the local currency) and a lot of $1 bills. If you are planning an activity, like sailing, bring 20% of that activity fee for a tip.
For traveling (even on a backpacker budget) it is perhaps better to consider what 500 pesos (or $25 will buy). That is enough to rent a car for a way (minus non-specified expenses). It is also enough for dormitory accommodation in some of the cheapest hostels in Mexico City for two nights (around $8 per night).
It's best to order pesos via your local U.S. bank before arriving in Mexico to avoid inflated fees. If this isn't an option, you can go into a reputable bank or credit union nearby. If you must use an ATM for cash, this is typically safe too, but remember to convert your currency to pesos for the best deal.