What money should I take to Cancun?
What money should I take to Cancun? There are two accepted currencies in Cancun, US Dollars and Mexican Pesos. If you have to choose one my advice is to choose Pesos. However, there are some situations where US Dollars work better for you.
Is it better to bring pesos or USD to Cancun?
Should I exchange money before I travel to Cancun? Speaking of cash, yes, you'll want to exchange your currency for Mexican pesos before traveling to Cancun. You'll get a better rate from your local bank or credit union than you'll find at the airport once you've arrived in Mexico.
How much cash do I bring to Cancun?
I agree with $1,500-$2,000 with the activities you are planning. I usually bring the equivalent of $500 USD converted to pesos, along with another $1,000 in cash. If you estimate $100 per person per excursion (some will cost more, some will cost less), plus extra for tips and souvenirs, you should be good.
How much cash should I take on a trip to Mexico?
How much should the budget be in Mexico? Our recommendation, take with you between $1000-$1500 in cash which will serve you during the trip and will allow you a smooth process without having to get involved with conversions and withdrawals from the card.
Should I bring all cash to Mexico?
Bringing a small amount of cash in the local currency with you is always a good idea. This could help in any unforeseen emergencies where you may not be able to use your credit or debit card. Oppositely, carrying around too much cash can be inconvenient and dangerous.
Should I bring cash to Mexico or use ATM?
Use your best judgment when deciding how much cash to bring with you to Mexico. A good rule to follow is to bring 25% of your total budget in cash. If you happen to run out, use your debit card or prepaid travel card at a verified national bank ATM to get the best exchange rate.
Is it better to take pesos or dollars to Mexico?
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.
What is the best way to use money in Cancun?
Pesos, being the national currency of Mexico, will be accepted absolutely anywhere. US dollars will be accepted throughout the Cancun Hotel Zone, but the further you venture into 'real Mexico' the more problems you may find in using USD for everyday purchases.
Is 10 dollars a good tip in Mexico?
We would always suggest tipping a minimum of 10% at restaurants in Mexico. Check the bill and see if a service charge for gratuity was included.
Should I bring US cash to Cancun?
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.
Should I get pesos from my bank before going to Mexico?
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.
Is it better to use cash or credit card in Mexico?
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.
Is $5 a good tip in Mexico?
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.