Is it better to use pesos or dollars in Cancun?

It's best to use pesos. I've found it's better to use an ATM card to get pesos rather than exchanging at a bank or wherever...you get the best exchange rate that way. I've never been charged any fees for using an ATM in Cancun, but you might want to check with your financial with regards to that.



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Dollars or Pesos in Cancun? Although there are always exceptions in Cancun, all small value items will be priced in Pesos. Items such as a packet of cigarettes, bus fare, a bottle of water etc. Higher value items such as tour prices and nightclub entrance prices will be priced in US Dollars.

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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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While still at home, you can exchange currency at your local bank. Experts suggest only changing enough to cover travel and transportation costs until you are settled at your destination, as the costs of exchanging money at home can be prohibitive.

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First, it's worth noting that at current exchange rates, your $100 will equal upwards of 2,395 pesos in Mexico. That could amount to about a week's worth of wages for a Mexican national, depending on their industry and skill level.

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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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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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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.

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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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Publicly accessible ATMs in Mexico are susceptible to manipulation and all too often card data is copied and stolen. Shopping with a credit card, on the other hand, usually works without any problems. The major supermarkets and souvenir stores accept all major card systems.

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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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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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In Mexico, tips are always appreciated and sometimes very much expected. What is this? You can tip in major currencies like US Dollars, Euros, and Canadian Dollars.

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Restaurants. In restaurants, 15% of a check is a good rule of thumb to follow; if you're in a big group you may find that a service fee is automatically added to the check (look out for that). If you feel you have been given particularly great service, 20% will be greatly appreciated.

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If you pay in U.S. dollars rather than Pesos, expect the rate to be inflated, he added. If anything, Lanno said you can ask to see a rate card, which all taxis should have, but it's rumored that some of them have different cards with higher rates on them.

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Ideal places to make change Other good places to “make change” if you find yourself with a wallet full of large bills include gasoline stations, ticket kiosks at bus terminals (especially during busy weekends), and busy central markets in larger towns and cities.

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The cost of eating in Cancun hotel zone in a non all inclusive hotel can vary greatly depending on the type of restaurant you choose. Generally, you can expect to pay anywhere from $10-$50 per person for a meal. If you're looking for more upscale dining options, prices may be higher.

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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.

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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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