Is it better to take pesos or dollars to Cancun?

Undoubtedly, however, the real benefit in using Pesos when in Cancun is that you will avoid losing out on the varying exchange rates offered at the places where you spend your money. The Cancun currency exchange rate is unregulated in Quintana Roo and that means retail outlets can set their own rate.



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When given the option, pay in pesos: When paying at restaurants or stores in Cancun, you'll likely be given the option to pay in pesos or USD (even when paying with a credit card). Always choose pesos, as you'll get a better exchange rate.

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The best currency to take to Mexico is the local currency, the Mexican peso. US dollars are also highly exchangeable at local banks and currency exchange offices. However, instead of converting physical banknotes, the cheapest way to pay in Mexico is to use a multi-currency travel debit card like Revolut or Wise.

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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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It's recommended that you buy pesos before you land in Mexico, just in case you need the cash. According to this USA Today article, the most economical way to do this is to buy pesos from your bank in the U.S. Most banks will do this for free, especially if you're not withdrawing a significant amount of money.

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To show your appreciation for the meal, tip your server around 15%. Raise that up to 20% if you were wowed. Note that some establishments automatically charge a service fee, so keep an eye out so that you don't tip twice. Bartenders should get 20 pesos (US$1) per drink or 10–15% of the total bill.

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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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For most tourist that are in Mexico for a week and will be in tourist areas, you will find most places accept US Dollars. But there is the rate at what they will accept them. See our section below on this. Tip: Mexican law says that all prices must be marked in Pesos.

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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.

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In general, you'll want to plan on tipping restaurant staff, the concierge, bartenders, housekeepers, the bellman, pool staff, and shuttle drivers at all-inclusive resorts. Impeccable service can always be rewarded with higher tips, but there are some accepted standards for travelers to lean on.

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Let's Talk About 500 Pesos In Mexico 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). What 500 Pesos Will Buy: 2x Nights Cheapest Hostel Accommodation.

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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.

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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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In Mexico, every bellboy, chauffeur/driver, or valet parking person expects a tip of 20-50 pesos. Bartenders, waitresses/waiters, and housekeeping staff expect a tip of 15% of your bill, and housekeepers should be tipped about 50 pesos (or more) per day.

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Is $500 dollars enough for Mexico? The good news is, in certain parts of Mexico it's still possible to live and travel on just $500 a month! It's even possible to live in Mexico comfortably on $500 per month, as long as you plan your trip correctly.

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While tipping is a discretionary and optional gesture, at all-inclusive resorts in Mexico, Cuba, Dominican Republic, Jamaica, and others, it is certainly encouraged.

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Tipping is always optional although the people serving you will appreciate the small token of your appreciation in exchange for good service.

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