FAQs
Money – using pesos
Is it better to take USD or pesos to Mexico? ›
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.
Should I buy pesos before going to Mexico? ›
It is a good idea to change a few dollars into pesos (for cabs, co*kes, tips, etc.) when you get to Mexico. Use your credit or debit card whenever you can (hotels, restaurants, shopping). <BR><BR>It is highly unlikely that you'll get better prices by paying in dollars; you'll get a very bad exchange rate.
Where can I get the best exchange rate for pesos? ›
Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas. Online peer-to-peer foreign currency exchanges. Online bureaus or currency converters, such as Travelex, provide convenient foreign exchange services.
What is the cheapest way to get pesos? ›
The Best Places to Buy Mexican Pesos in the USA
- Mexican Peso travel money card.
- ATMs abroad via travel debit card.
- Online foreign currency exchange.
- Traditional banks.
- Money changer kiosks.
- Airport kiosks.
- Summary: Where to buy Mexican Pesos in the USA.
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.
Should I take cash or debit to Mexico? ›
The best way to spend in Mexico is a combination of both cash and your debit card. Larger businesses and those in major cities are likely to accept debit cards, but not all will. Some smaller stores and businesses may only accept cash. For example, market stalls, street food stands and taxis.
Is it better to use pesos or credit card in Mexico? ›
Using a credit card in Mexico could offer these benefits: Convenience: With a credit card, you can avoid exchanging cash for pesos during your trip and potentially paying a higher exchange rate.
How many pesos should I bring to Mexico for a week? ›
Those with a little more money to spare may find that an average daily budget of $2,400 Mexican Pesos (MXN) is the perfect amount. This will get you a comfortable mid-range hotel room, allow you to travel by taxi, and give you the opportunity to enjoy three-course meals in most restaurants.
Where should I exchange money before going to Mexico? ›
Before you leave the country, visit your bank or credit union so you can avoid paying ATM transaction costs and possibly receive a better exchange rate. The worst places to exchange your money for another currency are oftentimes the most convenient, like the airport.
US Dollars to Mexican Pesos conversion rates
| USD | MXN |
|---|
| 100 USD | 1,795.54 MXN |
| 500 USD | 8,977.70 MXN |
| 1,000 USD | 17,955.40 MXN |
| 5,000 USD | 89,777.03 MXN |
7 more rows1 USD = 17.39 MXN - Today's Best US Dollar to Mexican Peso Exchange Rates.
How to avoid currency conversion fees? ›
To avoid dynamic currency conversion fees when traveling internationally, choose to pay credit card transactions in the local currency rather than in US dollars. Some merchants will attempt to make this decision for you, so confirm which currency you're transacting in before you pay.
Is it cheaper to use pesos or dollars in Mexico? ›
Currency in Mexico
Some high-traffic tourist regions might also accept Euros, Canadian dollars and British pounds. However, it's almost always more cost-efficient to pay with pesos.
Should I get Mexico pesos before going? ›
– Let your bank know before you leave that you'll be using your card in Mexico so they don't put a hold on your card for fraud protection. – If you're travelling off the beaten track a little, make sure you take pesos with you as some smaller pueblos (villages) may not have ATMs. Using Mexico pesos is the way to go.
What is the easiest way to convert pesos to dollars? ›
In order to do this, you need to know the current exchange rate. At the time of writing, 1 MXN is worth 0.05 USD. Once you know that information, multiply the amount you have in pesos by the current exchange rate. The resulting number will show you the amount of U.S. dollars that you have to spend on your trip.
What is the best way to convert dollars to pesos in Mexico? ›
Visit a local bank during regular business hours to exchange your foreign currency for Mexican Pesos. Authorized Exchange Offices: Look for authorized exchange offices or "casas de cambio" in tourist areas.
Is the US dollar stronger than the Mexican peso? ›
US Dollar to Mexican Peso Exchange Rate (I:USDMPENK)
US Dollar to Mexican Peso Exchange Rate is at a current level of 17.72, down from 17.78 the previous market day and up from 16.76 one year ago. This is a change of -0.33% from the previous market day and 5.70% from one year ago.
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. We use a separate ATM card from our main bank account, that way if your card does get compromised, the thieves don’t have access to all your money! We are also able to add money to this account as needed online and we are also have the ability to change the pin number after each use. Knock on wood, we have never had our ATM card compromised. I usually use the CI Banco ATM.